Prepetition Liens definition

Prepetition Liens means the Liens and continuing pledges and security interests in the Prepetition Collateral granted by the Borrower to and/or for the benefit of the Prepetition Agent and Prepetition Lenders to secure the Prepetition Indebtedness.

Prepetition Liens shall have the meaning provided in Section 3.1(b).

Prepetition Liens means the first priority liens and security interests granted to the Prepetition Agent for the benefit of the Prepetition Lenders by certain of the Prepetition Loan Documents to secure the Prepetition Obligations to the Prepetition Lenders.

Examples of Prepetition Liens in a sentence

• For the avoidance of doubt and notwithstanding anything to the contrary in this Interim Order or in any Prepetition Credit Agreement Documents, the Carve Out shall be senior to all liens and claims securing the Prepetition Obligations, including, for the avoidance of doubt, the Prepetition Liens, the Adequate Protection Liens, and the 507(b) Claims, and any and all other forms of adequate protection, liens, or claims securing the Prepetition Obligations.

• The Debtor may not seek to modify or to alter relative lien priority of the DIP Liens, the Prepetition Liens and the Adequate Protection Liens set forth in this Interim Order.

• For the avoidance of doubt, the right of a seller of goods to reclaim goods under section 546(c) of the Bankruptcy Code does not constitute a Prepetition Permitted Senior Lien and such right is expressly subject to the DIP Liens (as defined herein) and Prepetition Liens.

• For the avoidance of doubt and notwithstanding anything to the contrary in this DIP Documents, Prepetition Loan Documents, or this Interim Order, the Carve-Out shall be senior to all liens and claims that are secured by the Prepetition Collateral or the DIP Collateral, including the DIP Obligations, the DIP Liens, the Adequate Protection Obligations, the Adequate Protection Liens, the Prepetition Obligations, and the Prepetition Liens.

• The Approved Budget may be modified, amended, waived or supplemented with the consent of the Prepetition Agent and Consenting Lenders.Interim Order at ¶ 3.Liens and Priorities Bankruptcy Rule 4001(c)(l)(B)(i)The Prepetition Liens and liens granted as adequate protection for the Prepetition Secured Parties have the following priority on the Prepetition Collateral held by the Debtors:Interim Order at ¶ 7.

More Definitions of Prepetition Liens

Prepetition Liens mean the Liens securing the Prepetition First Lien Obligations and the Prepetition Second Lien Obligations.

Prepetition Liens means, collectively, the BGI Term Loan Liens, the Senior Secured Notes Liens, the Macquarie Credit Facility Liens, the PK Credit Facility Liens, and the BULL Lombard Credit Facility Liens.

Prepetition Liens means the security interests and liens granted by the Debtors to the Prepetition Agent to secure the Prepetition Secured Debt.

Prepetition Liens means the Liens securing the payment of the Prepetition Credit AgreementClaims.

Prepetition Liens means the Liens securing the Prepetition Secured Obligations.

Prepetition Liens means any Liens securing the Prepetition Obligations.

Prepetition Liens means, collectively, the Liens held by the Prepetition Secured Credit Parties.