Examples of Lender Secured Parties in a sentence
The Prepetition Lender Secured Parties and the HIG Parties are providing consideration for the releases they are receiving under the Plan.
Through the Standing Motion, the Committee sought derivative standing to commence an adversary proceeding against the Prepetition Lender Secured Parties, seeking a determination of the nature, extent, and validity of the Prepetition Lender Secured Parties’ liens on the Debtors’ SSA Fees and VA Fees not yet earned or received.
In a draft complaint attached to the Standing Motion, the Committee asserted that the Prepetition Lender Secured Parties’ liens do not attach to SSA Fees and VA Fees that have not yet been earned or received, and sought, among other relief, disgorgement of all interest and legal fees paid to or on behalf of the Prepetition Lender Secured Parties after the Petition Date.The hearing on the Standing Motion was adjourned sine die in connection with the prosecution of the Stellus Plan.
The Corporation’s governance framework identifies the four main roles in the governance process and outlines the relationship between board and management.
U.S. Bank, as administrative and collateral agent for the Prepetition Lender Secured Parties (the “Prepetition Agent”, and together with the Prepetition Lenders, the “Prepetition Lender Secured Parties”), asserted a security interest in and lien on substantially all of the assets of SSDA and the Guarantor Debtors (the “Prepetition Collateral”) as security for the Debtors’ obligations under the Prepetition Facility (the “Prepetition Liens”).