Allowed Secured Claim definition

Allowed Secured Claim means all or that portion of a Secured Claim which is an Allowed Claim.

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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.

Examples of Allowed Secured Claim in a sentence

Each Allowed Secured Claim shall be Unimpaired under the Plan, and the holders of such claims shall receive, on the Effective Date, either (a) payment in full in cash, (b) reinstatement pursuant to Section 1124 of the Bankruptcy Code or (c) such other recovery necessary to satisfy Section 1129 of the Bankruptcy Code.
The Debtor likely cannot impose (e.g., cram down) the significant conversion of secured debt into new equity upon the Prepetition Credit Facility Lenders and, as such, any alternative plan would need to either (i) provide for treatment acceptable to the Prepetition Credit Facility Lenders or (ii) repayment in full of the Allowed Secured Claim under the Prepetition Credit Agreement.
Pursuant to the Plan, on or before the Effective Date, the holder of an Allowed Secured Claim in Class 4 may receive, on account of such Allowed Secured Claim, Cash equal to its Allowed Secured Claims, or such lesser amount to which the holder of such Claim shall agree, in full satisfaction and release of such Claim.
Secured Claims Each Holder of an Allowed Secured Claim shall receive, at the Debtor’s option (with the consent of the Required Ad Hoc Senior Noteholder Parties and the Creditor’s Committee): (a) payment in full in cash; (b) the collateral securing its Allowed Secured Claim; (c) reinstatement of its Allowed Secured Claim; or (d) such other treatment rendering its Allowed Secured Claim unimpaired in accordance with section 1124 of the Bankruptcy Code.
Any Unsecured Deficiency Claim asserted by a holder of an Allowed Secured Claim in Class 4 shall be filed with the Bankruptcy Court within 30 days following the date of the surrender or abandonment of such Creditor's Collateral.

More Definitions of Allowed Secured Claim

Allowed Secured Claim means an Allowed Claim secured by a lien, security interest or other charge against property in which the Estate has an interest, or which is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value, determined in accordance with Section 506(a) of the Bankruptcy Code, of the interest of the holder of such Allowed Secured Claim in the Estate's interest in such property, or to the extent of the amount subject to any setoff, as the case may be.

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 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).

Allowed Secured Claim means a Claim in Class [1A, 1B, or 1C], as

Allowed Secured Claim means a Secured Claim to the extent it is an Allowed Claim.

Allowed Secured Claim means an Allowed Claim that is secured by a

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.