Examples of Prepetition Loan Party in a sentence
As of the Petition Date, the Prepetition Loan Party Debtors were liable to the Prepetition Term Loan Lenders in the total aggregate principal amount of $276.7 million, plus interest accrued and accruing, costs, expenses, and fees (including attorneys’ fees and legal expenses).
For the avoidance of doubt, pursuant to this Interim Order, Cash Collateral may not be used (i) by any entity which is not a Prepetition Loan Party or (ii) to pay any expense of any entity which is not a Prepetition Loan Party.
The Prepetition Agents have a continuing security interest in and Lien on all or substantially all of the Prepetition Loan Party Debtors’ Cash Collateral, including all amounts on deposit in the Prepetition Loan Party Debtors’ banking, checking, or other deposit accounts and all proceeds of the Prepetition Collateral, to secure the Prepetition Secured Debt.
The Prepetition Agents have a continuing security interest in and Lien on all or substantially all of the Prepetition Loan Party Debtors’ Cash Collateral, including all amounts on deposit in the Prepetition Loan Party Debtors’ banking, checking, or other deposit accounts and all proceeds of the Prepetition Collateral, to secure the Prepetition Secured Debt.III.
For the purpose of advocacy and training program, there will be thirty-eight participants approximately.
For the avoidance of doubt, pursuant to this Final Order, Cash Collateral may not be used (i) by any entity which is not a Prepetition Loan Party or (ii) to pay any expense of any entity which is not a Prepetition Loan Party.
As soon as reasonably practicable after written request from the Administrative Agent, the Prepetition Loan Parties will provide the Administrative Agent and the Prepetition Secured Lenders with reasonable access to any consultant, turnaround management, broker or financial advisory firm retained by any Prepetition Loan Party in any of the Chapter 11 Cases and, if requested, copies of all retention agreements for each such consultant.
Notwithstanding anything to the contrary in any of the Administrative Credit Documents or this Interim Order, following delivery of a Carve Out Notice, the Prepetition Administrative Agents and the Prepetition Secured Parties shall not, and shall not direct any entity to, sweep or foreclose on cash (including cash received as a result of the sale or other disposition of any assets) of the Prepetition Loan Party until the Carve Out Reserve has been fully funded.
Specifically, that Debtor Texas Operator is not a Prepetition Loan Party under the Credit Agreement and related Credit Documents, and therefore, pursuant to the terms of the Final Cash Collateral Order, no cash collateral may be used to pay Baker Botts’ fees and expenses in the “Chapter 11 Regulatory” project category because the SWD permit applications are in Texas Operator’s name and not that of a Prepetition Loan Party.
While Texas Operator may not be a Prepetition Loan Party, MDC and Reeves are Prepetition Loan Parties.