Examples of Prepetition Senior Agent in a sentence
The Postpetition Facility, Postpetition Loan Documents, use of Cash Collateral and provision of adequate protection contained herein have been negotiated in good faith and at arm’s-length among the Debtor, the Prepetition Senior Agent and Postpetition Agent.
Pursuant to sections 361(2), 362, 363(c)(2), and 363(e) of the Bankruptcy Code, the Prepetition Senior Agent, for its benefit and the benefit of the Prepetition Senior Lenders, is hereby granted by Debtor continuing valid, binding, enforceable and perfected, liens and security interests in and on all of the Postpetition Collateral (the “Adequate Protection Senior Liens”).
Except as otherwise set forth herein, entry of this Order shall not in any way constitute agreement, consent, or acquiescence by the Postpetition Agent, Postpetition Lenders, Prepetition Senior Agent, or Prepetition Senior Lenders to the terms of any plan of reorganization filed in the Chapter 11 Case.
Any order for dismissal or conversion shall be automatically deemed to preserve the rights of the Postpetition Agent, Prepetition Senior Agent, Postpetition Lenders, and Prepetition Senior Lenders under this Order.
The provisions of this Order and the Postpetition Loan Documents shall, as applicable, be binding upon and inure to the benefit of the Postpetition Agent, the Prepetition Senior Agent, the Postpetition Lenders, the Prepetition Senior Lenders, and the Debtor and its estate, and their respective successors and assigns, including, without limitation, any trustee or other fiduciary hereafter appointed as a legal representative of the Debtor or its estate, whether in this Chapter 11 Case or any Successor Case.
Page 6 of 10The EIA should include a full assessment of the potential impacts of the development on local landscape character using landscape assessment methodologies.
Furthermore, the consent of the Prepetition Senior Agent and the Prepetition Senior Lenders to the Debtor’s use of Cash Collateral and the priming of their liens by the Postpetition Liens as provided in this Order does not constitute, and shall not be construed as constituting, an acknowledgment or stipulation by the Prepetition Senior Agent and the Prepetition Senior Lenders that their interests in the Prepetition Senior Collateral are adequately protected pursuant to this Order or otherwise.
Basin Holdings LLC (“ Parent”), the Debtor, and the Prepetition Senior Agent on behalf of itself and the Prepetition Senior Lenders entered into that certain Intercreditor Agreement, dated as of September 11, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the “Parent Intercreditor Agreement”).
The Prepetition Senior Agent shall further be authorized to amend its Master Proof of Claim from time to time to, among other things, reflect a change in the holders of the claims set forth therein or a reallocation among such holders of the claims asserted therein resulting from any transfer of such claims.
Pursuant to section 507(b) of the Bankruptcy Code, the Prepetition Senior Agent and the Prepetition Senior Lenders shall have an allowed super-priority administrative expense claim (the “Adequate Protection SeniorClaim”) against Debtor and its estate.