Encumbered Value definition

Encumbered Value means the portion of Reorganized Avaya Total Enterprise Value that is allocable to the value of collateral securing the First Lien Debt.
Encumbered Value means the portion of Reorganized Avaya Total Enterprise Value that is allocable to the value of collateral securing the First Lien Debt. 86. “Entity” shall have the meaning set forth in section 101(15) of the Bankruptcy Code.