Examples of Pre-Petition Secured Lenders in a sentence
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.
On or about May 8, 2002, the proceeds in the escrow account were paid to the Administrative Agent for the benefit of the Pre-Petition Secured Lenders.
The Pre-Petition Secured Lenders were not and shall not be required to take any action, including, without limitation, the filing of financing statements, mortgages, deeds of trust or other documents, in order to validate or perfect such Adequate Protection Liens.
Therefore, in a chapter 7 proceeding, holders of Unsecured Claims (other than the substantial deficiency claims of the Pre-Petition Secured Lenders) could be entitled to a de minimus recovery.
Other Penhaligon's assets were not directly subject to the Pre-Petition Secured Lenders' liens, but were owned by entities which are direct or indirect subsidiaries of foreign subsidiaries which are guarantors of the Original Foreign Facilities.
Some of the foreign assets or stock that were sold in the GJM Sale were subject to a lien in favor of the Pre-Petition Secured Lenders.
Under the Pre-Petition Facility and Intercreditor Agreements and the Original Foreign Facilities, the non-debtor foreign subsidiaries are required to remit the proceeds of any substantial asset sales to the Pre-Petition Secured Lenders.
Except as otherwise set forth in this Order, the Pre-Petition Secured Lenders, or their respective professionals, shall deliver their respective invoices to counsel for the Debtors, lead counsel to the Committee and any other committee appointed by the Court, and the United States Trustee.
The Final Order (I) Authorizing Debtors to (A) Obtain Post-Petition Financing Pursuant to 11 U.S.C. §§ 105, 361, 362, 363, 364(c)(1), 364(c)(2), 364(c)(3), and 364(d)(1), (B) Utilize Cash Collateral and Other Collateral Pursuant to 11 U.S.C. §§ 105, 361, 362, and 363, and (II) Granting Adequate Protection to Pre-Petition Secured Lenders Pursuant to 11 U.S.C. §§ 105, 361, 362, 363, and 364, dated March 19, 2002, as amended from time to time.
The following sections provide details of overarching general requirements, roles and responsibilities which will form the basis of a detailed specification at Call Off Contract stage.