New Money DIP Claims definition

New Money DIP Claims means any Claim against a Debtor arising under, derived from, or based upon the New Money DIP Loans.
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New Money DIP Claims means any Claim arising under, or related to, the New Money DIP Loans.
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Examples of New Money DIP Claims in a sentence

  • In accordance with section 1123(a)(1) of the Bankruptcy Code, Administrative Expense Claims, Priority Tax Claims, Verso DIP ABL Claims, NewPage DIP ABL Claims, and NewPage New Money DIP Claims have not been classified for purposes of voting or receiving distributions.

  • Upon the indefeasible payment or satisfaction in full in Cash of the NewPage New Money DIP Claims (other than any NewPage New Money DIP Claims based on the Debtors’ contingent or unliquidated obligations under the NewPage DIP Term Loan Agreement for which no claim has been made) in accordance with the terms of the Plan, on the Effective Date all liens and security interests granted to secure such obligations shall be terminated and of no further force and effect.

  • The treatment of Verso DIP ABL Claims, NewPage DIP ABL Claims, NewPage New Money DIP Claims, Administrative Expense Claims, Claims for Professional Fees, and Priority Tax Claims under Article II of the Plan, and Priority Non-Tax Claims under Article IV of the Plan, satisfies the requirements of, and complies in all respects with, section 1129(a)(9) of the Bankruptcy Code.

  • Notwithstanding anything to the contrary, none of the Reorganized Debtors or the Debtors may set off and/or recoup against any Plan Distributions to be made on account of any NewPage DIP ABL Claims, NewPage New Money DIP Claims, NewPage Roll-Up DIP Claims, or Verso DIP ABL Claims, or any Plan Distributions to be made to parties to the Restructuring Support Agreement, the Verso Cash Flow Lenders, or any Holder that is a Released Party pursuant to subsection (h) of Section 1.1(102).

  • Upon the indefeasible payment or satisfaction in full in Cash of the NewPage New Money DIP Claims (other than any NewPage New Money DIP Claims based on the Debtors’ contingent or unliquidated obligations under the NewPage DIP Term Loan Agreement for which no claim has been made) in accordance with the terms of this Plan, on the Effective Date all liens and security interests granted to secure such obligations shall be terminated and of no further force and effect.

  • Additionally, Administrative Expense Claims, Claims for Professional Fees, Verso DIP ABL Claims, NewPage DIP ABL Claims, NewPage New Money DIP Claims, and Priority Tax Claims are not classified under, and are Unimpaired by, the Plan.

  • Ex. 2¶ 5].As discussed in Part I, CLAIMANT’s turbines are not even of the quality necessary to fulfill their ordinary purpose.

  • On the Effective Date, the Reorganized Debtors shall (a) execute and deliver the New First Lien Loan Documents and such documents shall become effective in accordance with their terms, and (b) issue $85,000,000 of the New First Lien Loan to the Holders of the New Money DIP Claims on the terms and conditions set forth in the New First Lien Loan Documents.

Related to New Money DIP Claims

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

  • DIP Claim means a Claim held by the DIP Lenders or the DIP Agent arising under or relating to the DIP Credit Agreement or the DIP Order, including any and all fees, interests paid in kind, and accrued but unpaid interest and fees arising under the DIP Credit Agreement, but, for the avoidance of doubt, excluding the First Lien Adequate Protection Claims.

  • 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.

  • Tax Claims means any Claim against the Participating CCAA Parties (or any one of them) for any Taxes in respect of any taxation year or period ending on or prior to the applicable Filing Date, and in any case where a taxation year or period commences on or prior to the applicable Filing Date, for any Taxes in respect of or attributable to the portion of the taxation period commencing prior to the applicable Filing Date and up to and including the applicable Filing Date. For greater certainty, a Tax Claim shall include, without limitation, (a) any and all Claims of any Taxing Authority in respect of transfer pricing adjustments and any Canadian or non- resident Tax related thereto, and (b) any Claims against any BL/Wabush Released Party in respect of such Taxes;

  • Incurred claims means total claims paid during the experience period, adjusted for the change in claim reserve. (7-1-93)

  • Section 510(b) Claims means any Claim against any Debtor: (a) arising from the rescission of a purchase or sale of a Security of any Debtor or an affiliate of any Debtor; (b) for damages arising from the purchase or sale of such a Security; or (c) for reimbursement or contribution Allowed under section 502 of the Bankruptcy Code on account of such a Claim; provided that a Section 510(b) Claim shall not include any Claims subject to subordination under section 510(b) of the Bankruptcy Code arising from or related to an Interest.

  • Excluded Claims means (a) a party’s breach of its obligations in Section 5 (Confidential Information) (but excluding obligations and/or claims relating to Customer Data); (b) either party’s express obligations under Section 11 (Indemnification); and (c) liability which, by law, cannot be limited.

  • Other First Liens means Liens on the Collateral that are pari passu with the Liens thereon securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans) pursuant to a Permitted Pari Passu Intercreditor Agreement.

  • Contribution Indebtedness means Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than the proceeds from the issuance of Disqualified Stock or any cash contribution by an Issuer or a Restricted Subsidiary) made to the capital of the Company or a Restricted Subsidiary after the Issue Date (whether through the issuance of Capital Stock or otherwise); provided that such Contribution Indebtedness is incurred within 180 days after the making of the related cash contribution.

  • Closing Date Indebtedness means the aggregate amount of all Indebtedness of the Company Group as of the time of Closing (other than any Indebtedness included in Holder Expenses).

  • General Unsecured Claims means Claims against any Debtor that are not Secured Claims, Administrative Claims, Priority Claims, Professional Compensation Claims, Intercompany Claims, or Equity Interests.

  • Existing Liens means Liens on the property or assets of the Company and/or any of its Subsidiaries existing on the date of this Indenture securing Indebtedness of the Company or any of its Subsidiaries (other than Liens incurred pursuant to clause (1) of Section 4.07 hereof).

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor or an Affiliate of a Debtor or any Claim held by an Affiliate of a Debtor against a Debtor.

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

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

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

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

  • Priority Non-Tax 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.

  • 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.

  • Qualified refunding obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority to refund an obligation if the refunding obligation meets both of the following:

  • Purchase Money Debt means Debt:

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Final Closing Indebtedness has the meaning set forth in Section 3.3(b).