First Lien Lender Claims definition

First Lien Lender Claims means the First Lien Credit Agreement Claims and the Adequate Protection Claims.
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First Lien Lender Claims means the Secured Claims arising under the Loan Documents as defined in the First Lien Credit Agreement.
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First Lien Lender Claims means, collectively, any Claims evidenced by, arising under or in connection with the First Lien Credit Agreement Documents or other agreements related thereto which shall be Allowed in an amount as agreed between the Debtors and the Requisite First Lien Lender Co-Proponents or as determined by the Bankruptcy Court at the Confirmation Hearing.
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Examples of First Lien Lender Claims in a sentence

  • In addition, on the Effective Date, the First Lien Agents shall distribute to the holders of Allowed First Lien Lender Claims the First Lien Reserves.

  • Holders of such Claims are entitled to vote to accept or reject the Plan, and the votes of such holders will be solicited with respect to such First Lien Lender Claims.

  • The First Lien Lenders shall receive, in full satisfaction of the First Lien Lender Claims, the payment of interest and principal in accordance with the terms and conditions of the Amended and Restated Credit Agreement.

  • On the Effective Date, all Liens securing the First Lien Lender Claims and the Second Lien Noteholder Claims shall be deemed fully released.

  • The First Lien Lender Claims shall be deemed Allowed in the aggregate principal amount of $486,293,181.44.

  • As of the Voting Deadline, 100% in amount and 100% in number of holders of claims in Class 3 (First Lien Lender Claims), 100% in amount and 100% in number of holders of claims in Class 4 (1.25 Lien Lender Claims), and 99.85% in amount and 92.93% in number of claims in Class 5 (1.5 Lien Lender Claims) that voted on the Plan by the Voting Deadline voted to accept the Plan.

  • As resolution of this dispute—involving a difference of over $1 billion—proved essential to any efforts to reorganize, the Debtors agreed, in a post-petition financing agreement approved by the bankruptcy court, to file an adversary proceeding, seeking declaratory judgment related to this dispute among the Debtors, the First Lien Lender Claims, and the Second Lien Note Claims.

  • As set forth in the Voting Declaration, the Solicitation Packages were transmitted and served on holders of Claims in Class 3 (First Lien Lender Claims), Class 4 (1.25 Lien Lender Claims), and Class 5 (1.5 Lien Lender Claims), as applicable – the only Classes of Claims entitled to vote in favor of acceptance or rejection of the Plan – on March 3, 2017.

  • Class 3 – First Lien Lender Claims, Class 4 – Second Lien Lender Claims, Class 5 – Unsecured Claims and Class 6 – Revel Equity Interests are impaired under the Plan.4.3. Impairment Controversies.

  • Subject to the prior payment in full and in Cash of all Allowed First Lien Lender Claims and in accordance with the Second Lien Intercreditor Rights, each holder of an Allowed Second Lien Lender Claim against the Debtors shall receive on the Plan Distribution Date, in full satisfaction of its Allowed Second Lien Lender Claim, its Pro Rata Share of the AvailableProceeds which constitute proceeds of the Second Lien Collateral until such Allowed Second Lien Lender Claim is paid in full and in Cash.


More Definitions of First Lien Lender Claims

First Lien Lender Claims means any and all Claims, including the First Lien Guaranty Claims, against any of the Debtors arising from or in connection with the First Lien Loan Documents.
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First Lien Lender Claims means all Obligations arising under the First Lien Credit Agreement (including, for the avoidance of doubt, any make-whole amounts and repayment premiums), the Other First Priority Lien Obligations Credit Documents and any other First Lien Lender Documents, whether or not such Obligations constitute Indebtedness, in each case secured by a first-priority Lien on the Common Collateral, including, without limitation, (a) Obligations arising under Secured Hedge Agreements, (b) First Lien Lender Cash Management Obligations and (c) Obligations under any agreement that is an exchange or replacement for or an extension, increase or Refinancing of any First Lien Lender Claims. First Lien Lender Claims shall include (i) all “Obligations”, as defined in the First Lien Collateral Agreement and (ii) all interest, expenses, fees and other amounts accrued or accruing (or that would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant First Lien Lender Documents whether or not the claim for such interest, expenses, fees and other amounts is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding; provided, that any Obligations under the First Lien Credit Agreement in excess of the First Lien Debt Cap (or not permitted to being incurred under the First Lien Debt Cap) shall not be deemed to be First Lien Lender Claims (and shall be deemed to be third priority lien debt of the Company, junior in priority to the Second Priority Claims to the same extent as the Second Priority Claims are to the First Lien Lender Claims).
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First Lien Lender Claims means any and all Claims arising under or in connection with the First Lien Credit Agreement and all documents relating thereto less the amount of any successful credit bid made by the First Lien Lenders pursuant to 11 U.S.C. § 363(k) in connection with a Marina Sale.
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First Lien Lender Claims means a Claim arising under the Senior Credit Facility and owed to a First Lien Lender, including, without limitation, all accrued andunpaid interest, fees, and expenses, and other obligations owed to a First Lien Lender under the Senior Credit Facility, and any unsecured deficiency portion of such Claim, provided, however, that First Lien Lender Claims do not include any Ancillary Facility Claims, provided further, however, that First Lien Lender Claims do not include any L/C and Guarantee Claims. The First Lien Lender Claim of a First Lien Lender that owns non-US dollar denominated loans and Claims shall be Allowed in US dollars using the exchange rate in effect on the Petition Date.
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First Lien Lender Claims means any and all claims arising under the First Lien Credit Agreement or the First Lien Loans.
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First Lien Lender Claims means all Claims against the Debtors under the First Lien Loan Documents, including the First Lien Lender Secured Claim, the First Lien Lender Adequate Protection Claim, and the First Lien Lender Deficiency Claim.
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Related to First Lien Lender Claims

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

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

  • First Lien Obligations means (a) all the Credit Agreement Obligations, (b) all the Initial Additional First Lien Obligations and (c) all the Additional First Lien Obligations.

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

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • First Lien Indebtedness means any Indebtedness for borrowed money (which, for the avoidance of doubt, does not include Purchase Money Indebtedness, and any related Liens thereto) secured by a Lien on any assets of the Issuer or any Restricted Subsidiary ranking pari passu with the Liens securing the Notes Obligations.

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

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

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • First Lien Debt means the Initial First Lien Debt and any Additional First Lien Debt.

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

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc., or its successor in interest.

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

  • Other First Lien Obligations means the “Other First Lien Obligations” as defined in the Collateral Agreement, including any interest accruing after commencement of any bankruptcy or insolvency proceeding with respect to any holder of Other First Lien Obligations whether or not allowed in such proceeding.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Priority Lien Obligations means the Priority Lien Debt and all other Obligations in respect of Priority Lien Debt.

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

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan 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.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • First Lien Notes means (a) senior secured loans or notes of the U.S. Borrower (which notes or loans may either be secured by a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations or may be secured by a Lien ranking junior to the Lien on the Collateral securing the U.S. Obligations, but shall not be secured by any assets that do not constitute Collateral securing the U.S. Obligations) incurred after the Amendment Effective Date (i) the terms of which do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the latest Term Facility Maturity Date in effect at the time of the issuance thereof (other than customary offers to repurchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default) and (ii) the covenants, events of default, guarantees, collateral and other terms of which (other than interest rate and redemption premiums), taken as a whole, are not more restrictive to the U.S. Borrower and the Subsidiaries than those set forth in this Agreement; provided that a certificate of the Chief Financial Officer of the U.S. Borrower delivered to the Administrative Agent in good faith at least three Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the U.S. Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement and (b) loans or notes borrowed or issued in connection with any refinancing, refunding, renewal or extension of any First Lien Notes; provided that (i) in connection with any such refinancing, refunding, renewal or extension, the principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses), (ii) such refinancing Indebtedness otherwise complies with this definition and (iii) if such Indebtedness being refinanced is not secured by a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations, then such refinancing Indebtedness may not be secured with a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations. Notes issued by the U.S. Borrower in exchange for any First Lien Notes in accordance with the terms of a registration rights agreement entered into in connection with the issuance of such First Lien Notes shall also be considered First Lien Notes.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Priority Lien Debt means Indebtedness of the Company and the Subsidiary Guarantors under the Priority Lien Credit Agreement (including reimbursement obligations with respect to letters of credit).