Examples of Prepetition Lenders in a sentence
The Combined Disclosure Statement and Plan also may be obtained upon request of the Debtor’s proposed counsel at the address specified below and is on file with the Clerk of the Bankruptcy Court, 824 North Market Street, Third Floor, Wilmington, Delaware 19801, where it is available for review between the hours of 8:00 a.m. to 4:00 p.m. (prevailing Eastern Time).The Plan of Reorganization is a “prepackaged” plan of reorganization agreed to by the Debtor and the Prepetition Lenders.
No later than five calendar days following the Sale Direction Date, the Debtors shall have filed a motion for approval of procedures for the marketing and sale of some or all of the Debtors’ business enterprise (the “ Bidding Procedures Motion” and, the bidding procedures proposed therein, the “Bidding Procedures”), which Bidding Procedures Motion and proposed Bidding Procedures shall be in form and substance acceptable to the Required Prepetition Lenders.
The Debtor is authorized, in consultation with the Prepetition Lenders, to retroactively or prospectively waive any and all restrictions, stays, and notification procedures set forth in the Stock Procedures and Worthless Stock Deduction Procedures.
On November 15, 2023, Charge received a default letter (the “Initial Default Letter”) from the Prepetition Lenders asserting that Charge’s guarantee of the ANS Facility was in violation of Section 4.25 of the SPAs (the “Initial Default”).
In the event the Debtors determine that they require a post-petition debtor-in-possession credit facility or similar financing (a “DIP Facility”), the Debtors shall promptly notify the Prepetition Agents and provide the Prepetition Lenders a first opportunity to provide such DIP Facility.