Definition of Postpetition

  1. Postpetition means, when used with respect to any indebtedness, agreement, instrument, claim, proceeding or other matter, indebtedness pursuant to any agreement or instrument first entered into or becoming effective, or claim, proceeding that first arose or was first instituted, or another matter that first occurred, after the commencement of the Cases.

Examples of Postpetition in a sentence

  1. Counsel for the Postpetition Lender shall submit summaries of their invoices (generally describing work performed but excluding detailed time entries) to the U.S.
  2. No sale, lease or other disposition of Prepetition Collateral or Postpetition Collateral (including any auction or other similar sales) may be done without the Postpetition Lenders consent unless all Postpetition Obligations and Prepetition Indebtedness are indefeasibly paid in full in cash.
  3. Upon entry of this Interim Order and payment in full of the Initial Postpetition Financing Facility, this Interim Order shall supersede the Initial Final Financing Order.

Definition of Postpetition in Credit Agreement

Postpetition means, when used with respect to any indebtedness, agreement, instrument, claim, proceeding or other matter, indebtedness pursuant to any agreement or instrument first entered into or becoming effective, or claim, proceeding that first arose or was first instituted, or another matter that first occurred, after the commencement of the Cases.


Definition of Postpetition in Amended and Restated Investment Agreement

Postpetition means, when used with respect to any indebtedness, agreement, instrument, claim, proceeding or other matter, indebtedness pursuant to any agreement or instrument first entered into or becoming effective, or claim, proceeding that first arose or was first instituted, or another matter that first occurred, after commencement of the Case. (aa) "Proceeding" means any legal action, suit, proceeding, claim or dispute. (bb) "Qualifying Ownership Interest" means five percent (5%) of the outstanding voting securities of the Company, as of the Closing Date. (cc) "Representatives" means, with respect to any Person, such Person's officers, directors, employees, agents, attorneys, accountants, consultants, equity financing partners or financial advisors or other Person associated with, or acting on behalf of, such Person. (dd) "Subsidiary" means any entity in which the Company, directly or indirectly, owns not less than five percent (5%) of the capital stock or holds a corresponding equity or similar interest. (ee) "Tax" (including, with correlative meaning, the term "Taxes") any and all domestic or foreign, federal, state, local or other taxes of any kind (together with any and all interest, penalties, additions to tax and additional amounts imposed with respect thereto) imposed by any Governmental Entity, including taxes on or with respect to income, franchises, windfall or other profits, gross receipts, property, sales, use, capital stock, payroll, employment, unemployment, social security, workers' compensation or net worth, and taxes in the nature of excise, withholding, ad valorem or value added or similar taxes. (ff) "Transaction Court Documents" means the Disclosure Statement and the Plan. (gg) "Transaction Documents" means this Agreement and the APA.


Definition of Postpetition in Investment Agreement

Postpetition means, when used with respect to any agreement or instrument, any claim or proceeding or any other matter, shall refer to an agreement or instrument that was entered into or became effective, a claim or proceeding that first arose or was first instituted, or another matter that first occurred, after the commencement of the Cases.