Examples of Pre-Petition Lender in a sentence
Subject to and upon the terms and conditions set forth herein on the Closing Date, and pursuant to the Plan of Reorganization, each Term Lender that is a Pre-Petition Lender is deemed, severally and not jointly, to continue, on the Closing Date, the aggregate principal amount of its Pre-Petition Term Loans as a like principal amount of Tranche B Term Loans hereunder.
No portion of the Pre-Petition Lender Debt or any payments made to the Pre-Petition Agents or the Pre-Petition Secured Lenders or applied to the obligations owing under the Pre-Petition Loan Documents prior to the Petition Date is subject to avoidance, recharacterization, recovery, subordination, attack, offset, counterclaim, defense or “claim” (as such term is defined in the Bankruptcy Code) of any kind pursuant to the Bankruptcy Code or other applicable law.
The Pre-Petition Lender Debt constitutes the legal, valid and binding obligation of the respective Debtors named in the Pre-Petition Loan Documents, enforceable in accordance with its terms (other than in respect of the stay of enforcement arising from section 362 of the Bankruptcy Code).
None of the DIP Agent, DIP Lender, Pre-Petition Agent, or Pre-Petition Lender have made any commitment to provide funding other than as set forth in the DIP Financing Documents and the Pre-Petition Loan Documents and none of the DIP Agent, DIP Lender, Pre-Petition Agent, or Pre-Petition Lender shall have any obligation to make any advances other than as provided in the DIP Financing Documents or the Pre-Petition Loan Documents, as applicable.
Prior to the Petition Date, credit card receipts were sent to a lockbox (the “Lockbox”) controlled by the Successor Pre-Petition Lender.