IPCo Debtors definition

IPCo Debtors means J. Crew Brand, LLC, J. Crew Brand Corp., J. Crew Brand Intermediate, LLC, J. Crew International Brand, LLC, and J. Crew Domestic Brand, LLC, each in their capacity as obligor under or guarantor of the obligations under the IPCo Indentures, as applicable.
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Examples of IPCo Debtors in a sentence

  • Based on the Valuation Analysis set forth herein, the Debtors’ prepetition secured parties are not being repaid in full and as a result, any chapter 11 plan (regardless of substantive consolidation) that contemplates a distribution to general unsecured creditors of the Loan Debtors and IPCo Debtors must be contributed from the secured lenders.

  • In particular, the Term Lenders and IPCo Noteholders have validly perfected liens and security interests, as described herein, on substantially all of the Debtors’ assets that requires that their claims be repaid in full before general unsecured creditors of the Loan Debtors and IPCo Debtors would be entitled to a distribution.

  • Any arguments relating to the absolute priority rule, the “new value” corollary exception, and any unfounded arguments about market testing are inapplicable given that Class 6-B for the Loan Debtors have accepted the Plan.5 And although Deloitte voted in Class 6-B for the IPCo Debtors, there can be 5 As a factual matter, no prepetition equity interest holder is receiving any New Common Equity or other distribution under the Plan on account of their interests.

  • Thus, by theIPCo Collateral Valuation Motion, the Committee is seeking an order finding that (i) the secured portion of the IPCo Notes Claims does not exceed the IPCo Collateral Value Amount pursuant to section 506(a)(1) of the Bankruptcy Code and Bankruptcy Rule 3012 and (ii) any claimsasserted by the IPCo Noteholders in excess of the IPCo Collateral Value Amount are general unsecured claims against the IPCo Debtors.

  • The Claims in the following classes are impaired under the Plan and entitled to vote to accept or reject the Plan: • Class 4 Claims – Term Loan Secured Claims (Only Loan Debtors) • Class 5 Claims – IPCo Notes Claims (Only IPCo Debtors) • Class 6-A Claims – Ongoing Trade Claims (All Debtors)• Class 6-B Claims – Other General Unsecured Claims (All Debtors)18 For the avoidance of doubt, holders of Ongoing Trade Claims will be expressly designated as such in the Trade Agreements before the Voting Deadline.

  • Class 5 (IPCo Notes Claims) is impaired and entitled to vote, but this class is applicable only as to the IPCo Debtors.

  • The Claims in the following classes are impaired under the Plan and entitled to vote to accept or reject the Plan:  Class 4 Claims – Term Loan Secured Claims (Only Loan Debtors)  Class 5 Claims – IPCo Notes Claims (Only IPCo Debtors)  Class 6-A Claims – Ongoing Trade Claims (All Debtors)  Class 6-B Claims – Other General Unsecured Claims (All Debtors)24 For the avoidance of doubt, holders of Ongoing Trade Claims will be expressly designated as such in the Trade Agreements before the Voting Deadline.

  • The Claims in the following classes are impaired under the Plan and entitled to vote to accept or reject the Plan: • Class 4 Claims – Term Loan Secured Claims (Only Loan Debtors) • Class 5 Claims – IPCo Notes Claims (Only IPCo Debtors) • Class 6-A Claims – Ongoing Trade Claims (All Debtors)• Class 6-B Claims – Other General Unsecured Claims (All Debtors)24 For the avoidance of doubt, holders of Ongoing Trade Claims will be expressly designated as such in the Trade Agreements before the Voting Deadline.

  • As to the IPCo Debtors, whose Class 6-B voted to reject the Plan solely as a result of Deloitte’s vote, the record is abundantly clear that the Plan is fair and equitable given that IPCo Noteholders are not receiving more than the value of their claims.

  • The Claims in the following classes are impaired under the Plan and entitled to vote to accept or reject the Plan: • Class 4 Claims – Term Loan Secured Claims (Only Loan Debtors) • Class 5 Claims – IPCo Notes Claims (Only IPCo Debtors) • Class 6-A Claims – Ongoing Trade Claims (All Debtors) • Class 6-B Claims – Other General Unsecured Claims (All Debtors)24 For the avoidance of doubt, holders of Ongoing Trade Claims will be expressly designated as such in the Trade Agreements before the Voting Deadline.

Related to IPCo Debtors

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Debtors has the meaning set forth in the Recitals.

  • New debtor means a person that becomes bound as debtor under section 9203(4) by a security agreement previously entered into by another person.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Non-Debtor Subsidiaries means all direct and indirect subsidiaries of any Debtor that are not Debtors in the Chapter 11 Cases.

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

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • DH means the District Hospital of the concerned District

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

  • Non-Debtor Affiliate means any Affiliate of the Debtors that is not a Debtor in the Chapter 11 Cases.

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

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • 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.

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

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • DIP Loan Documents means the Replacement DIP Loan Documents (as defined in the DIP Order).

  • DIP Facility Documents means the DIP Credit Agreement and any other documents and agreements entered into in connection with the DIP Credit Agreement or the incurrence of the DIP Facility and any orders of the Bankruptcy Court related thereto or entered in connection therewith.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.