Common use of Reorganization Securities Clause in Contracts

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Obligations and on account of Note Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Note Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 8 contracts

Samples: Second Amended And, Intercreditor Agreement (Louisiana-Pacific Corp), Intercreditor Agreement (Claiborne Liz Inc)

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Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note First Lien Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Obligations and on account of Note First Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Note First Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 7 contracts

Samples: Intercreditor Agreement (Claires Stores Inc), Credit Agreement (Claires Stores Inc), Intercreditor Agreement (Claires Stores Inc)

Reorganization Securities. Subject to the ability of the ABL Claimholders, the Term Claimholders and the Note Junior Secured Notes Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Prior Lien Obligations and on account of Note Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Prior Lien Obligations and on account of the Note Subordinated Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 2 contracts

Samples: Assignment and Assumption (Dole Food Co Inc), Assignment and Assumption (Dole Food Co Inc)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Obligations and on account of Note Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Note Obligations are secured by Liens upon on the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Armstrong Coal Company, Inc.), Intercreditor Agreement (Armstrong Energy, Inc.)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note respective Notes Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided hereinin this Agreement, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Obligations and on account of Note any respective Notes Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Note such respective Notes Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Horizon Lines, Inc.), Intercreditor Agreement (Horizon Lines, Inc.)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note Notes Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Prior Lien Obligations and on account of Note Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Prior Lien Obligations and on account of the Note Subordinated Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Libbey Inc), Intercreditor Agreement (Libbey Inc)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note Senior Secured Notes Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Prior Lien Obligations and on account of Note Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Prior Lien Obligations and on account of the Note Subordinated Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Accuride Corp)

Reorganization Securities. Subject to the ability of the ABL Bank Claimholders and the Note Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Bank Obligations and on account of Note Obligations, then, to the extent the debt obligations distributed on account of the ABL Bank Obligations and on account of the Note Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement

Reorganization Securities. Subject to the ability of the ABL Claimholders First Lien Secured Parties and the Note ClaimholdersSecond Lien Secured Parties, as applicable, to support or oppose confirmation or approval of any Conforming Plan plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, reorganization as provided herein, if, in any Insolvency or Liquidation Proceeding, equity in the reorganized debtor or debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor (“Reorganization Securities”) are distributed pursuant to a Plan plan of Reorganizationreorganization, both on account of ABL First Lien Obligations and on account of Note Second Lien Obligations, then, to the extent the debt obligations Reorganization Securities distributed on account of the ABL First Lien Obligations and on account of the Note Second Lien Obligations are debt obligations secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, distributed and to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Rh)

Reorganization Securities. Subject to the ability of the ABL Claimholders Revolving Secured Parties and the Note ClaimholdersTerm Secured Parties, as applicable, to support or oppose confirmation or approval of any Conforming Plan plan of Reorganization reorganization, compromise or to oppose confirmation arrangement or approval of any Non-Conforming Plan of Reorganization, a proposal as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan plan of Reorganizationreorganization compromise or arrangement or a proposal, both on account of ABL Revolving Obligations and on account of Note Term Obligations, then, to the extent the debt obligations distributed on account of the ABL Revolving Obligations and on account of the Note Term Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan or proposal and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Vista Proppants & Logistics Inc.)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note Term Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Prior Lien Obligations and on account of Note Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Prior Lien Obligations and on account of the Note Subordinated Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Libbey Inc)

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Reorganization Securities. Subject to the ability of the ABL Claimholders, the Senior Secured Notes Claimholders and the Note Junior Secured Notes Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Prior Lien Obligations and on account of Note Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Prior Lien Obligations and on account of the Note Subordinated Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Clean Harbors Inc)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note Fixed Asset Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Prior Lien Obligations and on account of Note Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Prior Lien Obligations and on account of the Note Subordinated Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Thermadyne Australia Pty Ltd.)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note First Lien Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Non- Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Obligations and on account of Note First Lien Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Note First Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement

Reorganization Securities. Subject to the ability of the ABL Claimholders Agent and the Note ClaimholdersTerm Debt Trustee, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both Reorganization on account of the ABL Obligations and on account of Note and/or the Term Debt Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of and/or the Note Term Debt Obligations are secured by Liens upon the same propertyCollateral, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Senior Secured Note Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Obligations and on account of Senior Secured Note Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Senior Secured Note Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Southeastern Grocers, LLC)

Reorganization Securities. Subject to the ability of the ABL SCF Claimholders and the Note Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL SCF Obligations and on account of Note Obligations, then, to the extent the debt obligations distributed on account of the ABL SCF Obligations and on account of the Note Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Unifi Inc)

Reorganization Securities. Subject to the ability of the ABL Claimholders and the Note Notes Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL Obligations and on account of Note Notes Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Note Notes Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of Proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Exide Technologies)

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