Adequate Protection Superpriority Claims definition

Adequate Protection Superpriority Claims has the meaning assigned to the term “Adequate Protection Superpriority Claims” in the Interim Order (or the Final Order, when applicable).
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Adequate Protection Superpriority Claims 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.
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Adequate Protection Superpriority Claims has the meaning assigned to the term “Adequate Protection Claims” in the Final ABL Financing Order.
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Examples of Adequate Protection Superpriority Claims in a sentence

  • The Adequate Protection Liens, the Adequate Protection Superpriority Claims, the ABL Adequate Protection Payments, and the ABL Adequate Protection Fees and Expenses (each as defined herein) are consistent with and authorized by the Bankruptcy Code.

  • Such interest shall not be treated as Adequate Protection Superpriority Claims.

  • Subject to the relative priorities set forth above, the Second Lien Adequate Protection Superpriority Claims against each Debtor shall be allowed and enforceable against each Debtor and its estate on a joint and several basis.

  • Subject to the relative priorities set forth above, the Existing RBL Adequate Protection Superpriority Claims against each Debtor shall be allowed and enforceable against each Debtor and its estate on a joint and several basis.

  • The Adequate Protection Superpriority Claims granted to the Prepetition Secured Creditors will be junior only to (A) the DIP Obligations (including the DIP Superpriority Claim) and the DIP Liens and (B) the Carve-Out.

  • Subject to the terms and conditions in this paragraph 8, the DIP Liens, the DIP Superpriority Claim, the Adequate Protection Superpriority Claims, the Adequate Protection Liens, and the Prepetition Liens, which have the relative liens and payment priorities set forth herein, shall in all cases be subject and subordinate to the payment of the Carve-Out.

  • The Second Lien Adequate Protection Superpriority Claims granted to the Existing Second Lien Secured Parties may be impaired pursuant to any chapter 11 plan of reorganization in the Cases with the vote of the applicable class of the holders of such claims that satisfies the requirements of section 1126 of the Bankruptcy Code, in which case, Payment in Full (or any of the other variants of this phrase referenced above) would occur upon consummation of such plan.

  • The Adequate Protection Superpriority Claims granted to the Prepetition Secured Creditors will otherwise have priority over administrative expenses of the kinds specified in or ordered pursuant to Bankruptcy Code sections 503(b) and 507(b).

  • Use mulch, water sprinkling, temporary enclosures, and other appropriate methods to limit dust and dirt rising and scattering in air to lowest practical level.

  • For the avoidance of doubt, the Adequate Protection Superpriority Claims shall be, and hereby are, junior and subordinate to the funding and payment of the Carve Out.


More Definitions of Adequate Protection Superpriority Claims

Adequate Protection Superpriority Claims and “Carve Out” shall have the meanings given to such terms in the Interim Order (I) Authorizing the Debtors to Obtain Postpetition Financing, (II) Authorizing the Debtors to Use Cash Collateral, (III) Granting Liens and Providing Superpriority Administrative Expense Claims, (IV) Granting Adequate Protection, (V) Modifying the Automatic Stay, (VI) Scheduling a Final Hearing, and (VII) Granting Related Relief, entered in the Chapter 11 Cases at Docket No. 120 (the “Interim DIP Order”). Confidential
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Adequate Protection Superpriority Claims shall have the meaning assigned to such term in the DIP Order.
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Adequate Protection Superpriority Claims means the superpriority administrative expense claims under sections 503 and 507 of the Bankruptcy Code against the Debtors’ Estates, on account of any diminution in value of Chase’s prepetition liens arising as a result of (i) the use, sale, or lease of cash collateral or other prepetition collateral, (ii) the granting of priming liens to secure the DIP Facility, or (iii) the imposition of the automatic stay, with priority in payment over any and all administrative expenses of the kinds specified or ordered
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Adequate Protection Superpriority Claims means the superpriority administrative expense claims under sections 503 and 507 of the Bankruptcy Code against the Debtors’ Estates, on account of any diminution in value of Chase’s prepetition liens arising as a
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Related to Adequate Protection Superpriority Claims

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Postpetition means arising or accruing on or after the Petition Date and before the Effective Date.

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • DIP means debtor-in-possession.

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • Administrative Claims means Claims that have been filed timely and properly before theAdministrative Claims Bar Date set forth in the Confirmation Order (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b), or 1114(e)(2) of the Bankruptcy Code, including, without limitation: the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (such as wages, salaries or commissions for services and payments for goods and other services and leased premises). Any fees or charges assessed against the Estates under section 1930 of chapter 123 of title 28 of the United States Code are excluded from the definition of Administrative Claims and shall be paid in accordance with Article V.N of the Plan. Notwithstanding anything to the contrary in this Plan, the filing of an Administrative Claim shall not be required in order to receive payment for any tax liability described in sections 503(b)(1)(B) and (C) in accordance with section 503(b)(1)(D) of the Bankruptcy Code.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Senior Claims means, (a) with respect to the RBL Priority Collateral, each of the First-Priority Lien Obligations secured by such Collateral and, (b) with respect to the Term/Notes Priority Collateral, each of the Second-Priority Lien Obligations secured by such Collateral.

  • DIP Claim means any Claim arising under, derived from or based upon the DIP Facility or DIP Orders, including the DIP Exit Backstop Premium and the guarantees in respect thereof under the DIP Facility Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under or related to the DIP Facility.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).