Examples of Prepetition Credit Agreement in a sentence
The Debtors commenced these chapter 11 cases with the support of an ad hoc group of Prepetition Lenders (the “ Ad Hoc Group”) holding over 91% of all outstanding obligations of the Debtors under the Prepetition Credit Agreement (and in excess of 66.67% of each tranche of debt thereunder).
Each holder of an Allowed Prepetition Credit Agreement Claim is entitled to vote to accept or reject the Plan.
The obligations under the Prepetition Credit Agreement are secured by a first priority lien on substantially all of the Debtors’ assets.
Various parties may have also asserted liens against collateral securing the Prepetition Credit Agreement, which liens could be permitted thereunder.
The reasonable and documented fees, expenses, and costs of the Prepetition Agent, including the reasonable and documented fees, expenses, and costs of its professionals incurred after the Effective Date in connection with the Prepetition Credit Agreement and reasonable and documented costs and expenses associated with effectuating distributions pursuant to the Plan will be paid by the Reorganized Debtors in the ordinary course.