Prepetition Debt definition

Prepetition Debt means, collectively, the Indebtedness of each Debtor outstanding and unpaid on the date on which such Person becomes a Debtor, plus interest accruing thereon.

Prepetition Debt means, collectively, the Indebtedness of each Credit Party outstanding and unpaid on the date on which such Person becomes a Credit Party.

Prepetition Debt shall have the meaning set forth in the Recitals hereto.

Examples of Prepetition Debt in a sentence

• Notwithstanding anything to the contrary herein, the Allowed DIP Facility Claims and the Allowed Prepetition Debt Claims and the distributions to be made pursuant hereto on account of such Claims will not be subject to set off by the Debtors or the Reorganized Debtors pursuant to section 553 of the Bankruptcy Code or applicable non-bankruptcy law and the Debtors and the Reorganized Debtors hereby waive any and all rights of set off against such Claims.

• Distributions on account of the Allowed Prepetition Credit Agreement Claims and Allowed Prepetition Notes Claims shall be made to the Prepetition Credit Agreement Agent and the Prepetition Notes Indenture Trustee, respectively, and such agent and trustee will be, and shall act as, the Distribution Agent with respect to its respective Class of Claims in accordance with the terms and conditions of this Plan and the applicable Prepetition Debt Documents.

• The Reorganized Debtors or other applicable Distribution Agent shall be entitled to recognize and deal for all purposes under this Plan with only those record holders stated on the Claims Register, or their books and records, as of the close of business on the Distribution Record Date; provided, however, that the Distribution Record Date shall not apply to the DIP Super-Priority Claims, Prepetition Debt Claims, or any securities of the Debtors deposited with DTC.

• The Adequate Protection Liens and security interests created herein shall continue in full force and effect until the Prepetition Debt has been indefeasibly paid in full in cash, including all principal and, to the extent authorized by the Court pursuant to section 506(b) of the Bankruptcy Code, such interest, fees, costs, and expenses, including reasonable attorneys’ fees, whether currently existing or hereafter accrued and incurred, as provided for by the Prepetition Financing Documents.

• The Reorganized Debtors or other applicable Distribution Agent will be entitled to recognize and deal for all purposes under this Plan with only those record holders stated on the Claims Register, or their books and records, as of the close of business on the Distribution Record Date; provided, however, that the Distribution Record Date will not apply to the DIP Facility Claims, Prepetition Debt Claims, or any securities of the Debtors deposited with DTC.

More Definitions of Prepetition Debt

Prepetition Debt means, collectively, the Indebtedness of each Debtor outstanding and unpaid on the Petition Date, other than the Obligations.

Prepetition Debt means Debt under the Prepetition Revolving Facility and the Prepetition Senior Notes.

Prepetition Debt means the Indebtedness evidenced by the Prepetition First Lien Credit Agreement, the Second Lien Notes, the IDB Loan, the State of Ohio Loan and the Receivables Facility.

Prepetition Debt means Debt of any Loan Party outstanding on the Petition Date, including Debt under the Prepetition Loan Documents and the Subordinated Debt Documents.

Prepetition Debt means collectively all Prepetition First Lien Obligations and Prepetition Second Lien Obligations.

Prepetition Debt means, collectively, the Company Parties’ and their Affiliates’ obligations under the: 2023 Stub First Lien Credit Agreement, 2024 Stub Unsecured Notes Indenture, ABL Credit Agreement, First Lien Credit Agreement, First Lien Euro Notes Indenture, First Lien U.S. Notes Indenture, Second Lien Notes Indenture and Superpriority Credit Agreement.

Prepetition Debt means the Debt of the Credit Parties outstanding immediately prior to the Petition Date.