Prepetition Term Loan Obligations definition

Prepetition Term Loan Obligations means the “Prepetition Term Loan Obligations” as defined in the DIP Credit Agreement.
Sample 1Sample 2Sample 3
Prepetition Term Loan Obligations means all Obligations (as defined in the Prepetition Term Loan Credit Agreement).
Sample 1
Prepetition Term Loan Obligations has the meaning assigned to such term in the DIP Order.
Sample 1Sample 2

Examples of Prepetition Term Loan Obligations in a sentence

  • The Prepetition Term Loan Obligations mature on June 30, 2020, and are secured by a second-priority lien on and security interest in the Collateral, subject to the Intercreditor Agreement (as defined below).

  • As of the Petition Date, the aggregate principal amount outstanding under the Vendor Program was not less than $2,791,553 (together with accrued and unpaid interest thereon and any fees, expenses and disbursements and all other of C&B’s obligations under the Vendor Program Agreement the “Vendor Program Obligations” together with the Prepetition Term Loan Obligations and thePrepetition ABL Obligations, the “Prepetition Obligations”).

  • As no single source would provide complete information of the supply chain of the construction materials, the data were collected from multiple stakeholders.

  • The GB Intercreditor Agreement, provides, among other things, that the liens securing the Prepetition Term Loan Obligations are subordinate and junior to the liens securing the Prepetition ABL Obligations (other than Excess First Lien Debt, as defined in the GB Intercreditor Agreement).

  • Promptly (but in no event later than 5 business days) following the satisfaction in full of all obligations benefiting from the Carve-Out, the Debtor (or, if applicable, the trustee in any Successor Case), is hereby authorized and directed to deliver the Residual Carve-Out Amount, if any, to the Prepetition Term Loan Agent for application to the Prepetition Term Loan Obligations, if any.

  • Each of the Debtors are either borrowers of or have guaranteed the Prepetition Term Loan Obligations.

  • The Prepetition Term Loan Agent shall not be required to file proofs of claim in the Chapter 11 Cases or any successor case in order to assert claims on behalf of itself and the Prepetition Term Loan Lenders for payment of the Prepetition Term Loan Obligations arising under the Prepetition Term Loan Credit Agreement, including, without limitation, any principal, unpaid interest, fees, expenses and other amounts under the Prepetition Term Loan Credit Agreement.

  • Subject to paragraph 28 below, the Prepetition Term Loan Agent and Prepetition Term Loan Lenders may apply amounts in the Prepetition Term Loan Indemnity Reserve against the Prepetition Term Loan Obligations as and when they arise, without further notice to or consent from the Debtors, the Committee, if any, or any other parties in interest and without further order of this Court.

  • The parties to the Intercreditor Agreement stipulate, and the Court hereby finds, that the DIP Term Loan Facility is deemed a “refinancing” in part ofthe Prepetition Term Loan Facility as such term is used in the Intercreditor Agreement, and any repayment of the Prepetition Term Loan Obligations pursuant to this Interim Order shall not be deemed to constitute a “Discharge of Term Obligations” (as defined in the Intercreditor Agreement).

  • Until it has been either paid or waived, the Make Whole Payment shall have the priority and all of the security and other protections provided to all other Prepetition Term Loan Obligations in this Final Order and shall constitute a Prepetition Term Loan General Reimbursement Obligation for all purposes.


More Definitions of Prepetition Term Loan Obligations

Prepetition Term Loan Obligations means the “Prepetition Term Loan
Sample 1
Prepetition Term Loan Obligations has the meaning set forth in Section 2.8(a).
Sample 1

Related to Prepetition Term Loan Obligations

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to the documentation relating to such Acquisition. The amount of any Earn Out Obligations at the time of determination shall be the aggregate amount, if any, of such Earn Out Obligations that are required at such time under GAAP to be recognized as liabilities on the consolidated balance sheet of the Borrower.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Term Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Term Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.