Post-Petition Financing definition

Post-Petition Financing has the meaning set forth in Section 6.1 hereof.

Post-Petition Financing means any financing obtained by the Borrower during any Insolvency Proceeding or otherwise pursuant to any Bankruptcy Law on terms and conditions acceptable to the First Lien Creditor, including any such financing obtained by the Borrower under Section 364 of the Bankruptcy Code or consisting of any arrangement for use of cash collateral held in respect of any Secured Obligation under Section 363 of the Bankruptcy Code, in each case or any similar provision of any Bankruptcy Law.

Post-Petition Financing means, in connection with any Insolvency Proceeding with respect to a Loan Party, the consensual use of cash collateral by, or the provision of financing or financial accommodations to, such Loan Party (including, in either event, all of the terms and conditions established and/or approved in connection with the consensual use of cash collateral, financing or financial accommodations).

Examples of Post-Petition Financing in a sentence

• The Trustee is authorized to enter into such non-material modifications and amendments to the Post-Petition Credit Documents as may be agreed upon in writing by the Trustee and Lender, except for any modification of the amount or interest rate of the Post-Petition Financing, which shall be subject to Court approval.

• Upon entry of this Order, the Court hereby (i) grants, approves and authorizes the Post-Petition Financing by Lender to the Debtor, (ii) approves and authorizes the Post-Petition Financing for purposes of the Bankruptcy Code; and (iii) grants and approves the Post-Petition Liens.

• From and after the date hereof and subject to the terms and conditions of this Order, the Trustee, on behalf of the Debtor, is hereby authorized to borrow and to use the Post-Petition Financing pursuant to the terms and provisions of the Binding Term Sheet.

• Immediately upon the Maturity Date, (i) all Post-Petition Obligations shall be immediately due and payable and the aggregate unpaid principal balance of the Post-Petition Financing, together with unpaid interest on the principal amount hereunder remaining unpaid from time to time; (ii) all other fees provided for under the Post-Petition Credit Agreement shall be immediately due and payable; and (iii) the Lender’s obligations under the Post-Petition Credit Agreement shall cease.

• On November 22, 2004, with the consent of Wachovia, the Debtors filed a motion pursuant to Section 364 of the Bankruptcy Code for an Order Approving Amendment to Post-Petition Financing Agreement, which was granted by the Bankruptcy Court by order dated December 14, 2004.

More Definitions of Post-Petition Financing

Post-Petition Financing means any financing obtained by any Grantor during any Insolvency or Liquidation Proceeding or otherwise pursuant to any Bankruptcy Law on terms and conditions acceptable to the Designated Senior Representative, including any such financing obtained by any Grantor under Section 364 of the Bankruptcy Code or consisting of any arrangement for use of cash collateral under Section 363 of the Bankruptcy Code or any similar provision of any Bankruptcy Law.

Post-Petition Financing means the post-petition financing provided by the Post-Petition Lender pursuant to the Post-Petition Financing Order

Post-Petition Financing means any financing obtained by any Loan Party during any Insolvency Proceeding or otherwise pursuant to any Bankruptcy Law on terms and conditions acceptable to the Senior Lien Administrative Agent, including any such financing obtained by any Loan Party under Section 364 of the Bankruptcy Code or consisting of any arrangement for use of cash collateral held in respect of any First Lien Obligation under Section 363 of the Bankruptcy Code, in each case or any similar provision of any Bankruptcy Law.

Post-Petition Financing has the meaning set forth in Section 1(b)(I) of this Schedule 14 to the Loan Agreement.

Post-Petition Financing means the financing extended by Buyer or one of its Affiliates to Sellers, pursuant to Section 364 of the Bankruptcy Code and as approved by the Bankruptcy Court pursuant to one or more orders entered in the Case.

Post-Petition Financing shall have the meaning provided in Section 13.21(b).

Post-Petition Financing means any financing obtained by any Loan Party during any Insolvency or Liquidation Proceeding or otherwise pursuant to any Bankruptcy Law on terms and conditions acceptable to the Senior Agent, including any such financing obtained by any Loan Party under Section 364 of the Bankruptcy Code or consisting of any arrangement for use of cash collateral held in respect of any ABL Facility Obligation or Term Loan Obligation under Section 363 of the Bankruptcy Code, in each case or any similar provision of any Bankruptcy Law, including, without limitation any such financing that Refinances all or any portion of the ABL Facility Obligations or the Term loan Obligations, as the case may be; provided that the aggregate principal amount of all obligations in respect of Post-Petition Financing provided by (i) the Senior Agent or the Senior Secured Parties or (ii) a third party consented to by the Senior Agent or the Senior Secured Parties, in either case pursuant to Section 5.3, shall not exceed the sum of (A) $50,000,000 and (B) the Maximum ABL Facility Amount, if the Senior Agent is the ABL Administrative Agent, or the Maximum Term Facility Amount, if the Senior Agent is the Term Administrative Agent.