Allowed Secured Claim definition

Allowed Secured Claim means an allowed claim secured by a lien, security interest or other charge against or interest in property in which the Debtor has an interest, or which is subject to setoff under § 553 of the Code, to the extent of the value (determined in accordance with § 506(a) of the Code) of the interest of the holder of any such allowed claim and the Debtor’s interest in such property or to the extent of the amount subject to such setoff as the case may be.
Allowed Secured Claim means all or that portion of a Secured Claim which is an Allowed Claim.
Allowed Secured Claim means that portion of an Allowed Claim which is secured by a valid perfected lien on property of the Debtors, to the extent of the value of the interest of the holder of such Allowed Secured Claim in the property of the Debtors as determined by the Bankruptcy Court pursuant to Bankruptcy Code §506(a), together with interest, fees, costs and charges to the extent allowed by the Bankruptcy Court under Bankruptcy Code §506(b).

Examples of Allowed Secured Claim in a sentence

  • This Plan also provides for the payment of the Allowed Secured Claim of the United States of America, Internal Revenue Service on or before 5 years after the Effective Date, together with interest at 3.5% per annum.

  • The Allowed Secured Claim of Capmark Capmark is the holder of the Allowed Class 1 Claims.


More Definitions of Allowed Secured Claim

Allowed Secured Claim means an Allowed Claim secured by a lien, security
Allowed Secured Claim means a Secured Claim which is or has become an Allowed Claim.
Allowed Secured Claim means an Allowed Claim, or that portion thereof, of any creditor of the Debtors who holds a lien or security interest, as those terms are defined in Section 101 of the Code, which Claim has been properly perfected as required by law and determined in accordance with Section 506 of the Code with respect to properties owned by the Debtors. Such Allowed Secured Claim is secured only to the extent of the value of the Debtors' property which the Court finds is subject to a valid security interest of the creditor enforceable against property of the Estate.
Allowed Secured Claim means a Claim in Class [1A, 1B, or 1C], as
Allowed Secured Claim means all or that portion of any Secured Claim that is or has become an Allowed Claim.
Allowed Secured Claim means a Secured Claim to the extent it is an Allowed Claim.
Allowed Secured Claim means a Claim pursuant to Section 506(a) of the Bankruptcy Code, which is secured by a lien on property in which the Debtor has an interest or that is subject to set-off under Section 553 of the Bankruptcy Code, to the extent of the value of such property or to the extent of the amount subject to such set off, as the case may be.