DIP Superpriority Claim definition

DIP Superpriority Claim means allowed superpriority expense claims pursuant to Bankruptcy Code Sections 364(c)(1), 503 and 507 granted by the Bankruptcy Court DIP Order.
Sample 1Sample 2Sample 3
DIP Superpriority Claim means the allowed superpriority administrative expense claim granted to the Secured Parties in each of the Cases and any Successor Cases pursuant to Section 364(c)(1) of the Bankruptcy Code for all of the Obligations with priority over any and all administrative expense claims and unsecured claims against the Debtors or their estates in any of these Cases and any Successor Cases, at any time existing or arising, of any kind or nature whatsoever, including administrative expenses of the kinds specified in or ordered pursuant to Sections 105, 326, 328, 330, 331, 365, 503(a), 503(b), 507(a), 507(b) (except as set forth in the Orders), 546(c), 546(d), 726 (to the extent permitted by law), 1113, and 1114 of the Bankruptcy Code, and any other provision of the Bankruptcy Code, which shall at all times be senior to the rights of the Debtors and their estates, and any successor trustee or other estate representative; provided, however, that the DIP Superpriority Claim shall, subject to the Final Order, attach to the proceeds of Avoidance Actions; provided, further, that the DIP Superpriority Claim shall be subject to Permitted Encumbrances and the Carve-Out.
Sample 1Sample 2Sample 3
DIP Superpriority Claim has the meaning specified in the DIP Order.
Sample 1Sample 2

Examples of DIP Superpriority Claim in a sentence

  • Subject to the terms and conditions contained in this paragraph, upon the occurrence of the Final Maturity Date, the LP DIP Liens and the LP DIP Superpriority Claim, which have the relative lien and payment priorities as set forth herein, shall, in any event, be subject and subordinate to the LP Carve-Out, without duplication.

  • The LP DIP Superpriority Claim shall be subject and subordinate only to the LP Carve-Out.

  • The Debtors are unable to obtain credit for borrowed money without granting the LP DIP Liens and the LP DIP Superpriority Claim to (or for the benefit of) the LP DIP Lenders.

  • The Debtors are unable to obtain credit for borrowed money without granting the DIP Liens and the DIP Superpriority Claim (defined below) to (or for the benefit of) the DIP Secured Parties.

  • The DIP Superpriority Claim shall be payable fromand have recourse to all prepetition and postpetition assets of the DIP Loan Parties (including, but not limited to, the DIP Collateral but, for the avoidance of doubt, excluding the Excluded Property).


More Definitions of DIP Superpriority Claim

DIP Superpriority Claim means the allowed superpriority administrative expense claim granted to the Note Parties in the Cases pursuant to Section 364(c)(1) of the Bankruptcy Code for all of the Obligations with priority over any and all Cases, at any time existing or arising, of any kind or nature whatsoever; provided that the DIP Superpriority Claim shall be subject to the Carve Out.
Sample 1Sample 2Sample 3
DIP Superpriority Claim shall have the meaning assigned to such term in Section 2.23(a)(ii).
Sample 1
DIP Superpriority Claim has the meaning specified in Section 11.02(a)(i).
Sample 1
DIP Superpriority Claim means the allowed superpriority administrative expense claim granted to the Secured Parties in the Chapter 11 Case pursuant to Section 364(c)(1) of the Bankruptcy Code for all of the Obligations with priority over any and all administrative expense claims and unsecured claims against the Loan Parties or their estates in any of the Chapter 11 Case, at any time existing or arising, of any kind or nature whatsoever, including administrative expenses of the kinds specified in or ordered pursuant to Sections 105, 326, 328, 330, 331, 365, 503(a), 503(b), 507(a), 507(b), 546(c), 546(d), 726 (to the extent permitted by law), 1113, and 1114 of the Bankruptcy Code, and any other provision of the Bankruptcy Code, which shall at all times be senior to the rights of the Loan Parties and their estates, and any successor trustee or other estate representative.
Sample 1
DIP Superpriority Claim means the allowed superpriority administrative expense claim granted to the Secured Parties in each of the Cases and any Successor Cases pursuant to Section 364(c)(1) of the Bankruptcy Code for all of the Obligations with priority over any and all administrative expense claims and unsecured claims against the Debtors or their estates in any of these Cases and any Successor Cases, at any time existing or arising, of any kind or nature whatsoever, including administrative expenses of the kinds specified in or ordered pursuant to Sections 105, 326, 328, 330, 331, 365, 503(a), 503(b), 507(a), 507(b) (except as set forth in the Orders), 546(c), 546(d), 726 (to the extent permitted by law), 1113, and 1114 of the Bankruptcy Code, and any other provision of the Bankruptcy Code, which shall at all times be senior to the rights of the Debtors and their estates, and any successor trustee or other estate representative; provided, however, that the DIP Superpriority Claim shall attach to the proceeds of Avoidance Actions; provided, further, that the DIP Superpriority Claim shall be subject to Permitted Encumbrances and the Carve-Out.
Sample 1
DIP Superpriority Claim means has the meaning specified in Section 2.16(a)(i).
Sample 1
DIP Superpriority Claim means, as provided in the DIP Order, the Allowed Administrative Claim granted to the DIP Lender pursuant to section 364(c)(1) of the Code.DBoc-uPmlaennt PaPgaeg1e09oof f6504
Sample 1