Adequate Protection Payment definition

Adequate Protection Payment means any cash payment constituting “adequate protection” within the meaning of section 361 of the Bankruptcy Code but excluding (i) the accrual and payment of Post-Petition Interest and (ii) fees and expenses of advisers, in the case of each of the foregoing clauses (i) and (ii) owing to either the Lender Parties or the Note Parties. For avoidance of doubt, such adequate protection payments may be calculated at a rate per annum that may or may not be equal to the contractual rate of interest applicable to the relevant secured obligations, but, in such circumstances, shall nonetheless constitute an Adequate Protection Payment and not a current Post-Petition Interest payment unless and until the court shall have determined by final non-appealable order that the recipient of such payments is entitled to the payment of Post-Petition Interest pursuant to section 506(b) of the Bankruptcy Code (it being understood that an appeal solely of other findings and rulings also contained in any order ruling that any Note Party is entitled to Post-Petition Interest shall not prevent such order from being deemed final and non-appealable as to Post-Petition Interest).
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Adequate Protection Payment has the meaning specified in the Orders.
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Adequate Protection Payment has the meaning stated in Section 4 below.
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Examples of Adequate Protection Payment in a sentence

  • The Borrowers shall have delivered to the Agent a true and correct copy of the final order(s) entered by the Bankruptcy Court approving the payment of the Waiver Fee and the Adequate Protection Payment (each as defined below) by the Borrowers to the Agent on behalf of the Lenders.

  • The Adequate Protection Payment shall be deemed to have been used to repay Prepetition Indebtedness for purposes of the proviso to the first sentence of Section 5.1(b) of the Credit Agreement and shall therefore apply dollar-for-dollar against the $30,000,000 basket specified therein.

  • Any portion of the Second Lien Adequate Protection Payment not paid on the Effective Date shall be deemed discharged or otherwise extinguished.

  • Such Borrower shall not, and shall not permit any of its Subsidiaries to, pay any Adequate Protection Payment except to the extent permitted under the Orders.

  • Nothing in this Plan shall preclude any party from seeking enforcement of the TCEH First Lien Creditor Adequate Protection Payment Allocation Order or distribution of the Holdback Amount (as defined in the Cash Collateral Order) under the Cash Collateral Order.

  • The Borrowers shall have paid to the administrative agent (the "Prepetition Agent") under the Existing Credit Agreement an adequate protection payment (the "Adequate Protection Payment") in the amount of $22,500,000.

  • Notwithstanding anything to the contrary in the Final DIP Order or in the DIP Facility Documents (as defined in the Final DIP Order), no DIP Facility Lien, Prepetition Lien, Replacement Lien, Permitted Senior Lien, DIP Facility Superpriority Claim, First Lien Administrative Claim or Adequate Protection Payment (each as defined in the Final DIP Order) shall attach to or have any right to payment from the Wind Down Amount.

  • While this Agreement remains in effect, the Debtor shall continue make payments to Lender required under the Cash Collateral Order, including without limiting the generality of the foregoing all debt service payments and escrows, the Additional Adequate Protection Payment (the “APP”) in the amount of $60,000 per month, and actual and reasonable legal fees and expenses incurred by Lender.

  • The Borrowers shall have paid to the administrative agent (the "Prepetition Agent") under the Existing Credit Agreement an adequate protection payment (the "Adequate Protection Payment") in the amount of $2,500,000.


More Definitions of Adequate Protection Payment

Adequate Protection Payment means each payment made to the Pre-Petition Lenders pursuant to the Orders.
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