First Lien Secured Claims definition

First Lien Secured Claims means any portion of the First Lien Obligations not constituting a First Lien Deficiency.

First Lien Secured Claims means any Claim against any Debtor derived from, based upon, or arising under the First Lien Credit Agreement and any fees, costs, and expenses that are reimbursable by any Debtor pursuant to the First Lien Credit Agreement.

First Lien Secured Claims means, collectively, the Secured Claims of the First Lien Lenders arising under or in connection with the First Lien Credit Agreement.

Examples of First Lien Secured Claims in a sentence

• On the Effective Date, after the consummation of the Spin-Off, and concurrently with the issuance of the Reorganized EFH Common Stock, Reorganized EFIH will enter into the New Reorganized EFIH Debt Documents, as applicable, and incur the debt under the New Reorganized EFIH Debt, the amount of which may be reduced if, and to the extent that, the Rights issued to Holders of Allowed TCEH First Lien Secured Claims are exercised.

• Holders of Allowed TCEH First Lien Secured Claims that fail to timely return a TRA Information Form shall not receive any beneficial interests in the Taxable Separation TRA Rights (if any) or any entitlement to any other distribution or consideration on account of or in connection with the Taxable Separation Tax Receivable Agreement.

• Only Holders of Allowed TCEH First Lien Secured Claims that timely return a TRA Information Form shall be entitled to receive beneficial interests in the Spin-Off TRA Rights (if any).

• Holders of Allowed TCEH First Lien Secured Claims that fail to timely return a properly completed TRA Information Form shall not receive any beneficial interests in the Spin-Off TRA Rights (if any) or any entitlement to any other distribution or consideration on account of or in connection with the Spin-Off Tax Receivable Agreement.

• After the end of the Covered Period: (i) any remaining amounts in the First Lien Reserve (net of any unpaid Covered Costs) shall be indefeasibly paid to the First Lien Agent on behalf of the holders of Allowed First Lien Secured Claims; and (ii) any remaining First Lien Trust Assets shall become First Lien Excluded Assets.

More Definitions of First Lien Secured Claims

First Lien Secured Claims means, collectively, the Secured Claims of the First Lien Lenders

First Lien Secured Claims means the Claims held by the First Lien Lenders, which Claims are secured by first priority liens and security interests in all of the Debtor’s assets.

First Lien Secured Claims. The First Lien Facility Claims shall be allowed in an amount equal to $248,014,432.14, of which approximately $160 million to approximately $180 million shall be allowed as first-priority secured claims (the “First Lien Secured Claims”). • First Lien Deficiency Claims: The general unsecured deficiency claims on account of the First Lien Facility Claims (stipulated to be approximately $68 million to approximately $88 million shall be allowed as prepetition general unsecured claims for voting purposes only (the “First Lien Deficiency Claims”). • Second Lien Deficiency: No secured Second Lien Facility Claim shall be allowed under the Plan or otherwise. The Second Lien Facility Claims shall be allowed solely as general unsecured claims (the “Second Lien Deficiency Claims”). The Second Lien Deficiency Claims shall be allowed in the amount of approximately $56.7 million. •

First Lien Secured Claims means the First Lien Claims to the extent that they are Secured Claims.

First Lien Secured Claims refers to all secured claims (including any accrued and unpaid interest, fees, and/or charges) arising from the First Lien Credit Facility as of the Petition Date.

First Lien Secured Claims means the secured portion of the First Lien Facility Claims, which shall be Allowed in the amount of $177,000,000 against Warren and each First Lien Facility Guarantor.

First Lien Secured Claims. The First Lien Facility Claims shall be allowed in an amount equal to $248,014,432.14, of which approximately $160 million to approximately $180 million shall be allowed as first-priority secured claims (the “First Lien Secured Claims”).