Adequate Protection Obligations definition

Adequate Protection Obligations means the obligations, if any, as determined by the Bankruptcy Court, that arise from any decrease in the value of the Prepetition Collateral resulting from (i) the stay, use, sale or lease of such property under Section 363 of the Bankruptcy Code, or (ii) the grant of a Lien under Section 364 of the Bankruptcy Code.

Adequate Protection Obligations shall have the meaning assigned to such term in the DIP Order.

Adequate Protection Obligations means the Loan Parties’ obligations to provide adequate protection to the Prepetition Secured Parties.

Examples of Adequate Protection Obligations in a sentence

• The use of proceeds under the DIP Credit Agreement may be used for: (a) working capital; (b) other general corporate purposes of the Bowater Debtors; (c) payment of any related transaction costs, fees and expenses; (d) the payment of Adequate Protection Obligations; and (e) the costs of administration of these cases.

• No claim having a priority superior to or pari passu with the Superpriority Claims granted by this Order with respect to the Adequate Protection Obligations shall be granted or allowed until the indefeasible payment in full in cash and satisfaction in the manner provided in this Order of the Adequate Protection Obligations.

• Under no circumstances shall any chapter 11 plan, including, without limitation, the Plan, in any of the Chapter 11 Cases be confirmed or become effective unless such chapter 11 plan provides that the Adequate Protection Obligations shall be paid in full in cash and satisfied in the manner provided for in this Order on or before the effective date of such chapter 11 plan.

• Any proceeds or payments in excess of the Adequate Protection Obligations shall be held in escrow by the Debtors absent further order of this Court.

• Any Order entered by this Court in relation to the establishment of a bar date for any claim (including without limitation, administrative claims) in any of these Chapter 11 Cases or successor cases shall not apply to the Prepetition Lenders with respect to the Indebtedness and Adequate Protection Obligations.

More Definitions of Adequate Protection Obligations

Adequate Protection Obligations means all present and future obligations of the Debtors under any order or orders of the Bankruptcy Court to pay interest, fees, costs, expenses and charges on or with respect to the Pre-Petition Obligations under Sections 361 and 506(b) of the Bankruptcy Code.

Adequate Protection Obligations means the Claims and other payment obligations granted or incurred by the Debtors pursuant to the Final Cash Collateral Order, for the benefit of the RBL Lenders, as adequate protection of the RBL Lenders’ interests in the Prepetition Collateral, including the Cash Collateral (each as defined therein).

Adequate Protection Obligations means, collectively, the BGI Term Loan Secured Parties Adequate Protection Obligations, the Senior Secured Notes Secured Parties Adequate Protection Obligations, and the Equipment Lenders Adequate Protection Obligations.

Adequate Protection Obligations means “Adequate Protection Liens” as defined in the Interim Order or the Final Order, as applicable, 507(b) Claims (as defined in the Interim Order or the Final Order, as applicable) and Adequate Protection Payments.

Adequate Protection Obligations means each of the payments, claims or Liens, if any, granted to the Existing Lenders and described on Schedule 1.

Adequate Protection Obligations means all present and future obligations of the Debtors under any order or orders of the Bankruptcy Court to pay interest, fees, costs, expenses and charges on or with respect to the Pre-Petition BMO Obligations and the Pre-Petition CoBank Obligations under Sections 361 and 506(b) of the Bankruptcy Code, to compensate the Pre-Petition BMO Lenders and the Pre-Petition BMO Agent for the post-petition use for and to the extent of the post-petition use of Pre-Petition BMO Collateral and proceeds thereof and for any post-petition diminution in value of Pre-Petition BMO Collateral, to compensate the Pre-Petition CoBank Lenders and the Pre-Petition CoBank Agent for the post-petition use for and to the extent of the post-petition use of Pre-Petition CoBank Collateral and proceeds thereof and for any post-petition diminution in value of Pre-Petition CoBank Collateral and to provide the Replacement Liens as contemplated by this Agreement and the Financing Orders.

Adequate Protection Obligations has the meaning ascribed to such term in the Interim DIP Order or, upon entry of the Final DIP Order, in the Final DIP Order, as applicable.