Existing Secured Parties definition

Existing Secured Parties means the “Secured Parties” as defined in the Security Agreement.

Existing Secured Parties means the holders of the Existing 10% Notes, the Term Loan Secured Parties, the Revolving Credit Facility Secured Parties and any other Person identified as a secured party under the Existing Collateral Documents other than any Additional Creditors (as defined in the Existing Intercreditor Agreements) that were not parties thereto immediately prior to the date hereof.

Existing Secured Parties means, collectively, the Trustee and the Existing Holders.

Examples of Existing Secured Parties in a sentence

• The Existing Secured Parties are entitled to the adequate protection as set forth herein, including pursuant to section 361, 362, 363, and 364 of the Bankruptcy Code.

• The Existing Secured Parties have agreed to permit the Debtors’ continued use of the Existing RBL Collateral and the Existing Second Lien Collateral, including the Cash Collateral, during the Interim Period, subject to the terms and conditions set forth herein, including the protections afforded a party acting in “good faith” under section 364(e) of the Bankruptcy Code.

• Based on the DIP Motion and on the record presented to this Court at the Interim Hearing, the terms of the proposed adequate protection arrangements, use of the Cash Collateral, and the DIP Facility contemplated hereby are fair and reasonable, reflect the Debtors’ prudent exercise of business judgment consistent with their fiduciary duties, and constitute reasonably equivalent value and fair consideration for the consent of the Existing Secured Parties.

• For the avoidance of doubt, the rights of the Existing Secured Parties, Debtors, the Creditors’ Committee and all other parties in interest in respect of whether any Diminution in Existing Second Lien Collateral Value has occurred and the extent of any such diminution in value are reserved.

• Nothing herein shall prevent the Existing Secured Parties from seeking additional adequate protection to the extent permitted by law or to the extent permitted in the Intercreditor Agreements, as applicable.

More Definitions of Existing Secured Parties

Existing Secured Parties means Persons defined as “Secured Parties” under the Existing Borrower Credit Documents in effect immediately prior to the Closing Date.

Existing Secured Parties means the “Notes Secured Parties” as defined in the Existing Indenture.

Existing Secured Parties means the Secured Parties under the Existing Intercreditor Agreement, as set forth in Schedule 1.

Existing Secured Parties means, collectively, and without duplication, (a) the holders of the Existing 10% Notes, (b) the Tranche A Secured Parties, (c) the Tranche B Secured Parties and (d) the Tranche C Secured Parties.

Existing Secured Parties means, collectively, the Senior Creditors and the Subordinated Lenders;

Existing Secured Parties means, collectively, the following (and their respective predecessors, successors and assigns): (a) Blue Ridge Asset Funding Corporation, a Delaware corporation; (b) Wachovia Bank, National Association in its capacity as Administrator under the Existing Securitization Facility; and (c) North American Capacity Insurance Company, as Insurer under the Existing Securitization Facility.

Existing Secured Parties has the meaning set forth in the Preliminary Statement.