Examples of Prepetition Revolving Lenders in a sentence
Certain Prepetition Revolving Lenders maintain deposit accounts, investment accounts, and/or other investments for the Debtor (the “Holding Lenders”) in which the Debtor had funds on deposit and invested, as of the Petition Date, in the amounts set forth with respect to each Holding Lender in the table below.
Pursuant to Section 8.02 of the Prepetition Revolving Credit Agreement, upon the Petition Date, by virtue of the Debtor’s filing for relief under chapter 11 of the Bankruptcy Code, and by virtue of the provisions of the Bankruptcy Code, the Prepetition Revolving Credit Agreement Obligations became automatically due and payable in full without any further act of the Prepetition Revolving Agent or the Prepetition Revolving Lenders.
Pursuant to the Prepetition Revolving Credit Agreement, the Prepetition Revolving Lenders made commitments to provide unsecured revolving loans and make letters of credit available to the Debtor in an aggregate amount not to exceed $500,000,000.
Other than the DIP Superpriority Claims and the RUS 507(b) Claims, no cost or expense of administration under sections 105, 503(b) or 507(b) of the Bankruptcy Code shall be senior to, or pari passu with, the superpriority claims granted to the Prepetition Revolving Lenders.
Moreover, nothing herein shall prejudice the rights of any party-in-interest, including, but not limited to, the Debtor or its estate, the DIP Agent, the DIP Lenders, the RUS Parties, or the Prepetition Revolving Lenders to challenge the validity, priority, enforceability, seniority, avoidability, perfection, or extent of any alleged Permitted Prior Lien and/or security interests.
Emergency Motion for Entry of Interim and Final Orders (A) Authorizing the Debtor to Obtain Postpetition Financing, (B) Authorizing the Debtor to Use Cash Collateral, (C) Granting Liens and Providing Claims With Superpriority Administrative Expense Status, (D) Granting Adequate Protection to the Prepetition Revolving Lenders and RUS Parties, (E) Modifying the Automatic Stay, (F) Scheduling a Final Hearing, and (G) Granting Related Relief [Dkt.
For avoidance of doubt, nothing contained in this Final Order or otherwise shall impose any duty of marshaling upon the Prepetition Revolving Agent and/or the Prepetition Revolving Lenders of any nature or kind whatsoever, including, without limitation, any duty to suspend or otherwise delay any collection action with respect to, or any application of, any Avoidance Proceeds based on any alleged or otherwise identified prospect or expectation regarding the realization of any Non- Avoidance Proceeds.
Moreover, nothing herein shall prejudice the rights of any party-in-interest, including, but not limited to, the Debtor or its estate, the DIP Agent, the DIP Lenders, the RUS Parties, or the Prepetition Revolving Lenders to challenge the validity, priority, enforceability, seniority, avoidability, perfection, or extent of any alleged Permitted Prior Lienand/or security interests.
Proposed Interim Order (A) Authorizing the Debtor to Obtain Postpetition Financing, (B) Authorizing the Debtor to Use Cash Collateral, (C) Granting Liens and Providing Claims with Superpriority Administrative Expense Status, (D) Granting Adequate Protection to the Prepetition Revolving Lenders and RUS Parties, (E) Modifying the Automatic Stay,(F) Scheduling a Final Hearing, and (G) Granting Related Relief [Dkt.
The limited waivers obtained from the Prepetition Revolving Lenders allowed Monitronics to continue to borrow under the Prepetition Revolving Credit Facility in an amount up to $195,000,000 at an alternate base rate plus 3.00%.