Prepetition Payments definition

Prepetition Payments means any payment (by way of adequate protection or otherwise) of principal or interest or otherwise on account of any prepetition Debt or other obligations or claims (including trade payables and payments in respect of reclamation claims) of Borrower or any Guarantor.
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Prepetition Payments means any payment (by way of adequate protection or otherwise) of principal or interest or otherwise on account of any Prepetition Debt or other obligations or claims (including trade payables and payments in respect of reclamation and/or Section 503(b)(9) claims) of the Loan Parties outstanding immediately prior to the Petition Date.
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Examples of Prepetition Payments in a sentence

  • Except to the extent otherwise permitted by this Article 6, no Borrower shall enter into or assume any contract after the Closing Date that would result in an obligation (whether contingent or otherwise) of such Borrower in excess of $5,000,000 without the prior written consent of Administrative Agent except to the extent consistent in all material respects with the Projections and except for Permitted Prepetition Payments.

  • Boere AEWA Honorary Patron Dorrewold 22 7213 TG Gorssel Netherlands / Pays-Bas Tel.: +▇▇ ▇▇▇ ▇▇ ▇▇▇▇ E-mail: ▇▇-▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Postgraduate Researcher Bournemouth University Department of Life and Environmental Sciences Faculty of Science and Technology Poole, Dorset BH12 5BB United Kingdom / Royaume-Uni E-mail: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ Prof.

  • The Honorary Patron or Patrons are entitled to notice of all General Meetings and to attend and contribute to discussion but not vote thereat.

  • The making of any Prepetition Payments other than (i) as permitted by the Orders, (ii) as permitted by any First Day reasonably satisfactory to the Required DIP Creditors, (iii) as set forth under the Approved Budget (subject to Permitted Variances) or (iv) approved by the Required DIP Creditors in their sole discretion.

  • Use the proceeds of the Revolving Loans solely (a) to repay the Prepetition Facility in full on the Closing Date, (b) to pay related fees and expenses associated with (i) negotiation, execution and delivery of this Agreement and (ii) the filing of the Cases, (c) to make Prepetition Payments solely to the extent approved by the Bankruptcy Court and permitted hereunder, and (d) for working capital and other general corporate purposes of the Borrower and the Guarantors to the extent permitted hereunder.

  • Effective upon approval of this Stipulation by the Court, the Debtors shall release all claims related to the Prepetition Payments under 11 U.S.C. § 547 that the Debtors or their estates may have against RLC, provided, however, that RLC continues to provide services in accordance with this Stipulation and the Critical Vendor Agreement.

  • No Loan Party shall make any Prepetition Payment other than Prepetition Payments specifically contemplated in the first-day orders, the Orders, the Budget or payments in connection with the assumption of any contract or lease approved by the Bankruptcy Court and consented to by the Administrative Agent.

  • Notwithstanding the foregoing, no proceeds of Term Loans or Notes may be used to make any Prepetition Payments, except as permitted herein and in the Orders; provided that the foregoing limitation shall not apply with respect to obligations benefiting from the Carve Out.