NewPage DIP ABL Claims definition

NewPage DIP ABL Claims means any and all Claims of the applicable DIP Secured Parties under the NewPage DIP ABL Agreement, in their capacity as such, arising under, derived from, or based on the NewPage DIP ABL Agreement and/or the DIP Orders.
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Examples of NewPage DIP ABL Claims in a sentence

  • The proceeds of borrowings under the Exit ABL Facility shall be used to, among other things, repay in full the Verso DIP ABL Claims and NewPage DIP ABL Claims and (and backstop or replace letters of credit issued under the Verso DIP ABL Agreement and NewPage DIP ABL Agreement).Exit Term Loan FacilityOn the Effective Date, Reorganized Verso, as borrower, and certain of the Reorganized Debtors, as guarantors, will enter into the Exit Term Loan Facility.

  • 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.

  • Plan Distributions to Holders of Verso DIP ABL Claims, NewPage DIP ABL Claims, and NewPage DIP Term Loan Claims, shall be made by (or in coordination with) the applicable Agents for the benefit of the applicable Holders in accordance with the applicable documents and, with the consent of the Reorganized Debtors, deemed completed when made to the applicable Agents as Disbursing Agent.

  • 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).

  • Plan Distributions to Holders of Verso DIP ABL Claims, NewPage DIP ABL Claims, and NewPage DIP Term Loan Claims, shall be made by (or in coordination with) the applicable Agents for the benefit of the applicable Holders in accordance with the applicable documents and, with the consent of the Reorganized Debtors, deemed completed when made to the applicable Agents as Disbursing Agents and confirmation of receipt has been provided by each applicable Agent.

  • For the avoidance of doubt, NewPage DIP ABL Claims shall be Allowed in an aggregate principal amount with respect to drawn amounts under the NewPage DIP ABL Drawn Letters of Credit and undrawn amounts under the NewPage DIP ABL Undrawn Letters of Credit, respectively (plus any unpaid accrued interest, letter of credit fees, and unpaid fees, expenses and other obligations under the NewPage DIP ABL Agreement as of the Effective Date).

  • For the avoidance of doubt, NewPage DIP ABL Claims shall be Allowed in an aggregate principal amount with respect to drawn amounts under the NewPage DIP ABL Drawn Letters of Credit and undrawn amounts under the NewPage DIP ABL Undrawn Letters of Credit, respectively (plus any unpaid principal, accrued interest, letter of credit fees, and unpaid fees, expenses, and other obligations under the NewPage DIP ABL Agreement as of the Effective Date).

  • Typically, acute releases occur in 1-hour or less; however, there may be some releases that would be difficult to prove if the threshold amount release occurred in 1-hour.

  • 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.

Related to NewPage DIP ABL Claims

  • Senior Higher Priority Liabilities means any obligations in respect of principal of the Issuer under any Notes and any other unsecured and unsubordinated obligations (créditos ordinarios) of the Issuer, other than the Senior Non Preferred Liabilities; and

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

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

  • Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Applicable Authorized Representative (as defined in the First Lien Intercreditor Agreement) at such time.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

  • 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.

  • Petition Date means the date on which the Debtors commenced the Chapter 11 Cases.

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

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

  • shared parental leave means leave under section 75E or 75G of the Employment Rights Act 1996;

  • Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.

  • Related Claims means all Claims for Wrongful Acts that have as a common nexus any fact, circumstance, situation, event, transaction, cause or series of related facts, circumstances, situations, events, transactions or causes.

  • Ordinary Course Professional Order means the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [D.I. 765].

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

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

  • Senior ABL Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Senior Claims means, (a) with respect to the RBL Priority Collateral, each of the First-Priority Lien Obligations secured by such Collateral and, (b) with respect to the Term/Notes Priority Collateral, each of the Second-Priority Lien Obligations secured by such Collateral.

  • 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.

  • Administrative proceeding means a non-judicial process that is adjudicatory in nature in order to make a determination of fault or liability (e.g., Securities and Exchange Commission Administrative Proceedings, Civilian Board of Contract Appeals Proceedings, and Armed Services Board of Contract Appeals Proceedings). This includes administrative proceedings at the Federal and State level but only in connection with performance of a Federal contract or grant. It does not include agency actions such as contract audits, site visits, corrective plans, or inspection of deliverables.

  • 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.

  • Indemnitee-Related Entities means any corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise (other than the Company or any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise Indemnitee has agreed, on behalf of the Company or at the Company’s request, to serve as a director, officer, employee or agent and which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to indemnification or advancement of expenses with respect to which, in whole or in part, the Company may also have an indemnification or advancement obligation (other than as a result of obligations under an insurance policy).

  • Senior Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

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