Prepetition Facilities definition
Examples of Prepetition Facilities in a sentence
Any order entered by the Court in relation to the establishment of a bar date for any claim (including, without limitation, administrative claims) in any of the Chapter 11 Cases or Successor Cases shall not apply to the Prepetition Facility Agents or the other Prepetition Facility Secured Parties with respect to all claims and interest, including, without limitation, claims arising under or related to the Prepetition Facilities.
Guarantors Each direct or indirect wholly owned subsidiary of the DIP Term Facility Borrower, including each such subsidiary that is a debtor and debtor-in-possession (the “Guarantors” and, together with the DIP Term Facility Borrower, the “Loan Parties”), subject to certain exceptions to be agreed, it being understood and agreed that each subsidiary of the DIP Term Facility Borrower that is an obligor under any of the Prepetition Facilities (as defined herein) shall be a Guarantor.
A detailed description of such Prepetition Facilities and Prepetition Collateral is set forth in Annex A hereto.
Nothing contained in this Interim Order shall be deemed to terminate, modify or release any obligations of any non-Debtor guarantor to any Prepetition Facility Secured Party with respect to their respective obligations under any of the Prepetition Facilities.
All of the outstanding capital stock of the Borrower has been validly issued, is fully paid and non-assessable and is owned beneficially and of record by Group, free and clear of all Liens other than the Lien in favor of the Secured Parties created by this Agreement the Orders and the Liens securing the Prepetition Facilities Obligations .