First Lien Adequate Protection Claims definition

First Lien Adequate Protection Claims means the adequate protection Claims granted to the RBL Agent for the benefits of the RBL Lenders pursuant to the DIP Orders.
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First Lien Adequate Protection Claims means the First Lien Superpriority Claims as defined in the DIP Orders.
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First Lien Adequate Protection Claims means, collectively, a superpriority administrative expense claim as provided for in Section 507(b) of the Bankruptcy Code.
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Examples of First Lien Adequate Protection Claims in a sentence

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph 7(a) of this Interim Order (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfy unpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien Prepetition Indebtedness.

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph 7(a) of this Final Order (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfy unpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien Prepetition Indebtedness.

  • The Administrative Agent and the Lenders will receive the treatment provided for Allowed Lender Claims in Article III.B.4 in full and complete satisfaction of the First Lien Adequate Protection Claims held by the Lenders.

  • This Court retains jurisdiction to resolve any dispute with respect to the amount of any Linn First Lien Adequate Protection Claims.

  • Notwithstanding anything to the contrary contained in this Final Order, the First Lien Adequate Protection Liens and First Lien Adequate Protection Claims shall not extend or have recourse to the proceeds of (x) Avoidance Actions against the First Lien Secured Parties or (y) claims and causes of action against the First Lien Secured Parties arising in connection with the Merger (as defined below) or any transaction related thereto.

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph6(a 7(a) of this InterimOrder (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfy unpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien PrepetitionIndebtedness.

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph6 7(a) of this InterimOrder (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfyunpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien Prepetition Indebtedness.


More Definitions of First Lien Adequate Protection Claims

First Lien Adequate Protection Claims has the meaning given to such term in Section 5.2(f) hereof.
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First Lien Adequate Protection Claims means the adequate protection Claims granted to the RBL Agent for the benefits of the RBL Lenders pursuant to the DIPOrders.
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First Lien Adequate Protection Claims which claims shall be subject to the priorities set forth on Annex II attached hereto, as applicable; (C) payment of accrued but unpaid pre- and post-petition interest in cash at the Post-Default Rate (as defined in the Prepetition First Lien Credit Agreement) as the same becomes due and payable under the Prepetition First Lien Credit Agreement; (D) the payment of the reasonable and documented out-of-pocket fees and expenses of the Prepetition First Lien Agent and the Consenting First Lien Lenders; provided, however, that the foregoing shall be limited to the pre-petition and post-petition fees and expenses of (i) Xxxx Xxxxxxxx, LLP, as counsel to the Ad Hoc Group of Lenders, (ii) Xxxxxxxx Xxxxx Capital, Inc. (“Xxxxxxxx Xxxxx”), as financial advisor to the Ad Hoc Group of Lenders, (iii) one local counsel to the Ad Hoc Group of Lenders in each required jurisdiction, and (iv) any other attorneys, financial advisors or professionals retained by the Ad Hoc Group of Lenders (including the retention of any such professional made by Xxxx Xxxxxxxx) with the consent of the Borrowers (not to be unreasonably withheld, conditioned or delayed) (collectively clauses (i) through (iv), the “Ad Hoc Group’s Advisors”); (E) the Borrowers shall
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Related to First Lien Adequate Protection Claims

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • Prepetition means arising or accruing prior to the Petition Date.

  • DIP means debtor-in-possession.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • DIP Motion means the motion filed by the Debtors seeking entry of the DIP Orders.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Postpetition means arising or accruing on or after the Petition Date and before the Effective Date.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • First Priority Obligations means, collectively, (i) the Credit Agreement Secured Obligations, (ii) each Series of Other First-Priority Obligations and (iii) any other First-Priority Hedging Obligations and First-Priority Cash Management Obligations (which shall be deemed to be part of the Series of Other First-Priority Obligations to which they relate to the extent provided in the applicable Other First-Priority Agreement).

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • First Lien Security Documents means, collectively, (i) the Credit Agreement Collateral Documents and (ii) the Additional First-Lien Security Documents.