Examples of Prepetition Term Loan Agreement in a sentence
On the Effective Date, subject to entry of the Final DIP Order approving the DIP Term Loan Roll-up Claims, the Prepetition Term Loan Claims shall be deemed Allowed in the aggregate principal amount of $90,068,705.10, plus all interest (including any payment-in-kind interest), fees, and other expenses payable under the Prepetition Term Loan Agreement related to the Prepetition Term Loan Facility.
Any and all distributions to Holders of First Lien Claims as of the Distribution Record Date shall be governed by the Prepetition Term Loan Agreement.
As soon as practicable following compliance with the requirements set forth in Article VI of this Plan, the Prepetition Term Loan Agent shall arrange to deliver or direct the delivery of such distributions to or on behalf of the Holders of Allowed Class 3 Claims in accordance with the terms of the Prepetition Term Loan Agreement and the Plan.
As a result, there are no outstanding Prepetition ABL Claims, other than contingent indemnification claims.(b) Prepetition Term Loan Debtor Charming Charlie LLC is party to that the Prepetition Term Loan Agreement, among Holdings, Charming Charlie LLC, as borrower, certain of the Debtors as guarantor parties thereto, the lenders from time to time parties thereto, and the Term Loan Agent.
In May 2016, the Debtors amended the Prepetition Term Loan Agreement to obtain critical relief from restrictive financial maintenance covenants.