Debtor Loan Parties definition

Debtor Loan Parties means the Borrower and each other Loan Party that is a Debtor.
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Debtor Loan Parties shall have the meaning set forth in the preamble hereto.
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Debtor Loan Parties has the meaning specified in the introductory paragraph hereto.
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Examples of Debtor Loan Parties in a sentence

  • Accordingly, as a further condition of the DIP Facility and any obligation of the DIP Lenders to make credit extensions pursuant to the DIP Documents, the Debtor Loan Parties (and any successor thereto or any representative thereof, including any trustees appointed in the Chapter 11 Cases or any Successor Cases) are deemed to have waived any rights or benefits of section 506(c) of the Bankruptcy Code, to the extent applicable.

  • Subject to the entry of, and the terms of the Bankruptcy Court Orders (with respect to the Debtor Loan Parties), this Agreement is, and the other Loan Documents when executed and delivered will be, the legally valid and binding obligations of the applicable parties thereto, each enforceable against each of such parties, as applicable, in accordance with their respective terms.

  • Subject to the provisions of paragraph 30 below, the Debtor Loan Parties shall pay such amounts owed under this paragraph 29 on a current basis.

  • Further, the Debtor Loan Parties shall provide additional financial reporting to the DIP Lenders or the advisors thereto, as set forth and subject to the terms and conditions in section 6.01 of the DIP Credit Agreement.

  • The Debtor Loan Parties shall use the proceeds of the Prepetition Collateral (including the Cash Collateral) solely as provided in this Interim Order.

  • To manage the Debtor Loan Parties’ exposure to interest rate fluctuations, the Debtor Loan Parties use interest rate swaps to effectively fix a part of their floating rate debt obligations (collectively, the “Interest Rate Swaps”).

  • The Debtor Loan Parties are hereby expressly authorized, empowered and directed to execute and deliver and, on such execution and delivery, perform under the DIP Documents, including the DIP Credit Agreement, which is hereby approved and incorporated herein by reference, and any charter, by-laws, limited liability company agreement or other constituent document of any Debtor is hereby deemed amended or modified solely to the extent necessary for such authorization, empowerment and execution and delivery.

  • Upon entry of each of the Interim Financing Order and the Final Financing Order, each such Financing Order shall be effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid, enforceable and perfected security interest in the Collateral of the Debtor Loan Parties and proceeds thereof.

  • The Debtor Loan Parties have an immediate need to use the Cash Collateral to permit, among other things, the orderly continuation of their businesses, to maintain and generate the confidence of their customers and vendors, and to preserve the going concern value of the Debtors.

  • Upon the entry of each of the Interim Financing Order and the Final Financing Order, each such Financing Order and the Loan Documents are sufficient to provide the DIP Superpriority Claims and security interests and Liens on the Collateral of the Debtor Loan Parties described in, and with the priority provided in, Section 2.17.


More Definitions of Debtor Loan Parties

Debtor Loan Parties has the meaning as defined in the Intercreditor Agreement;
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Related to Debtor Loan Parties

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • UK Loan Party means any Loan Party incorporated under the laws of England and Wales.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • DIP Lender means a lender under the DIP Facility.

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

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party.

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

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Credit Parties means the Borrower and the Guarantors.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

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

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

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.