Examples of Prepetition First Lien Lender in a sentence
Each Prepetition First Lien Lender that executes the Restructuring Support Agreement within 30 days following the Petition Date shall have the option, at its election, to fund its pro rata share of the Term DIP Loans.
Under the circumstances and given that the above-described adequate protection is consistent with the Bankruptcy Code, including section 506(b) thereof, the Bankruptcy Court finds that the adequate protection provided herein is reasonable and sufficient to protect the interests of the Prepetition First Lien Lender.
Unless otherwise ordered by the Bankruptcy Court, the Debtors shall execute and deliver to the DIP Administrative Agent and/or the Prepetition First Lien Lender, as applicable, all such financing statements, mortgages, notices and other documents as such parties may reasonably request to evidence, confirm, validate or perfect, or to insure the contemplated priority of, the DIP Liens and the Adequate Protection Liens, as applicable, granted pursuant hereto.
The Prepetition First Lien Lender shall serve as agent for the DIP Administrative Agent for purposesof perfecting its Liens on all DIP Collateral that is of a type such that perfection of a Lien therein may be accomplished only by possession or control by a secured party.
The filing of this Plan, any statement or provision contained in this Plan, or the taking of any action by the Debtors with respect to this Plan shall not be and shall not be deemed to be an admission or waiver of any rights of the Debtors, the Prepetition Agent, the Prepetition First Lien Lender or any other Person with respect to Claims against and Interests in the Debtors.
The Bankruptcy Court shall have entered the Confirmation Order, in form and substance satisfactory to the Debtors and the Prepetition First Lien Lender, the Prepetition Agent, and the DIP Lender, and the Confirmation Order shall be a Final Order.
The Prepetition First Lien Lender consents to the adequate protection and the priming provided for herein.
Singer; (c) counsel tothe Prepetition First Lien Lender, (d) counsel to any Committee; and (e) the Office of the United States Trustee for the District of Arizona and shall be filed with the Clerk of the United States Bankruptcy Court for the District of Arizona, in each case to allow actual receipt of the foregoing no later than , 2017, at 5:00 p.m. (Mountain Standard Time).
The Prepetition First Lien Agent, which is also the DIP Agent, may, but shall not be required to, distribute any written financial information or periodic reporting that it receives in its capacity as DIP Agent to any Prepetition First Lien Lender that is not a DIP Lender, who requests the same.
It reduces long term capability because volunteers disperse and then need to be attracted and trained in the future, involving even more resources.