ASA Debtors definition

ASA Debtors means ASA OpCo Holdings, LLC, ASA Albion, LLC, ASA Bloomingburg, LLC, and ASA Linden, LLC.
Sample 1

Examples of ASA Debtors in a sentence

  • Any Deficiency Claim against the ASA Debtors that is ultimately Allowed shall be a Class 2E Claim.

  • The Prepetition Lenders shall be permitted to retain expert consultants/financial advisors at the expense of the ASA Debtors, which consultants/advisors shall be given reasonable access for purposes of monitoring the business of the ASA Debtors and the value of the Collateral.

  • Upon entry of this Interim Order, the Postpetition Agent, for the benefit of the Postpetition Lenders, shall be and shall be deemed to be, without any further action or notice, named as an additional insured on each insurance policy maintained by the ASA Debtors which in any way relates to the Collateral.

  • The Prepetition Agents shall (to the extent necessary) be authorized (but not required) to file a master proof of claim against the ASA Debtors (a “Master Proof of Claim”) on behalf of themselves and the applicable Prepetition Lenders on account of their respective prepetition claims arising under the Prepetition Financing Documents, and the Prepetition Agents shall not be required to file a verified statement pursuant to Bankruptcy Rule 2019.

  • Without such funds, the ASA Debtors would not be able to meet their payroll and other direct operating expenses, including the costs of administration of these estates, and carry on their businesses in a manner that would avoid irreparable harm to the ASA Debtors’ estates.

  • An immediate and critical need exists for the ASA Debtors to obtain the DIP Financing and use Cash Collateral in order to continue the operation of their businesses.

  • Pursuant to the Prepetition Credit Agreement and other Prepetition Financing Documents, the ASA Debtors were, as of the Petition Date, indebted to the Prepetition Agents and the Prepetition Lenders for the aggregate principal amount of the Prepetition Indebtedness (as defined below) of not less than $262,200,000, excluding accrued but unpaid interest, costs, fees and expenses.

  • No waiver or modification of any of the provisions, terms or conditions in this Interim Order or the DIP Financing Term Sheet may be effectuated, except by written and signed agreements between the Postpetition Agent and the ASA Debtors.

  • Upon the full satisfaction of the obligations under the DIP Revolving Facility, excess proceeds, if any, shall be immediately turned over to the ASA Debtors for the pro rata reduction of obligations under the Prepetition Credit Agreement in accordance with its terms and conditions, so long as the Prepetition Indebtedness and/or Prepetition Liens are not then subject to a Challenge (as defined herein) or have not been invalidated pursuant to a final and non-appealable order.

  • The obligations of the ASA Debtors in respect of the DIP Revolving Facility or the Final DIP Agreement shall not be discharged by the entry of an order confirming a chapter 11 plan in any Case and, pursuant to section 1141(d)(4) of the Bankruptcy Code, the ASA Debtors have waived such discharge of their obligations thereunder.

Related to ASA Debtors

  • Debtors has the meaning set forth in the Recitals.

  • Reorganized Debtors means collectively, a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date, including any new entity established in connection with the implementation of the Restructuring Transactions.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, reorganization, or otherwise, in the form of a corporation, limited liability company, partnership, or other form, as the case may be, on and after the Effective Date.

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • Non-Debtor Subsidiaries means all direct and indirect subsidiaries of any Debtor that are not Debtors in the Chapter 11 Cases.

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • Non-Debtor Affiliate means any Affiliate of the Debtors that is not a Debtor in the Chapter 11 Cases.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • New debtor means a person that becomes bound as debtor under section 9203(4) by a security agreement previously entered into by another person.

  • Prepetition means the time period ending immediately prior to the filing of the Chapter 11 Cases.

  • DH means the District Hospital of the concerned District

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • Debtor means a person who is liable on a claim.

  • Ordinary Course Professional Order means the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [D.I. 765].

  • Prepetition Lenders means the lenders under the Prepetition Credit Agreement.

  • Bankruptcy Cases has the meaning set forth in the Recitals.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Creditors’ Committee means the statutory committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102 of the Bankruptcy Code.

  • Bankruptcy Case has the meaning assigned to such term in Section 2.05(b).

  • Debtor Laws means all applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization, or similar laws, or general equitable principles from time to time in effect affecting the rights of creditors generally.

  • Account Debtors mean all Persons who are obligated on the Receivables.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

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

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.