Examples of Prepetition RBL Credit Agreement in a sentence
RBL Lenders The lenders under the Prepetition RBL Credit Agreement.
And for Wyoming and other counties in New Mexico, the mortgages recorded outside the Preference Period were limited to specifically6 The Prepetition RBL Credit Agreement, page 24, defines PV-9 to mean “the estimated future net revenue, discounted at a rate of 9% per annum, using the Administrative Agent’s price deck.”described oil and gas lands, leases, interests and wells by reference to an Exhibit A attached to each such mortgage.
As permitted under the Debtor’s Prepetition RBL Credit Agreement, the Identified Collateral did not include valuable assets—lands, leases, wells, interests and estates, and hydrocarbons severed and extracted from or attributable to such assets, and accounts and proceeds thereof, and all rights, title and interests of Debtor in other real property—that were not identifiedspecifically on an Exhibit A to a recorded mortgage.
The RBL Claims shall be deemed Allowed on the Effective Date, consisting of approximately $629.4 million in principal amount, including reimbursement obligations in respect of letters of credit, minus the Allowed DIP Claims and DIP Commitments, plus all other secured obligations, including unpaid interest, fees, and other reasonable and documented expenses arising and payable under the Prepetition RBL Credit Agreement.
Further still, some of the Improperly Perfected Properties were never specifically described on an Exhibit A to a recorded mortgage, even a Preferential Mortgage, either because the Debtor did not then own those properties at the time, they were overlooked, or more likely, the Debtor was not required to pledge them under the Prepetition RBL Credit Agreement (or its forbearance arrangements in the lead up to the Petition Date).
RBL Claim Any Claim arising under, derived from, or based upon the Prepetition RBL Credit Agreement.
The RBL Claims shall be deemed Allowed on the Effective Date, consisting of $314,710,456 in principal amount, plus all other secured obligations, including unpaid interest, fees, and other reasonable and documented expenses arising and payable under the Prepetition RBL Credit Agreement that have not become DIP Claims pursuant to the DIP Order.
The Debtor’s Prepetition RBL Credit Agreement only required the Debtor to provide liens on 85% of the PV-96 of the Debtor’s proven reserves (as therein defined).
In addition, on March 31, 2015, the Debtor executed a Security Agreement in support of its obligations under the Prepetition RBL Credit Agreement.
For the avoidance of doubt, any letter of credit issued and outstanding under the Prepetition RBL Credit Agreement on the Effective Date shall be deemed issued under the Exit Facilities Credit Agreement.