Other Secured Claim definition

Other Secured Claim means a Claim that is secured by a valid, duly perfected lien as of the Petition Date on property in which the Estate has an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in the Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.
Other Secured Claim means a Secured Claim arising prior to the Petition Date against any of the Debtors other than a Lender Secured Claim or a Secured Asbestos Claim.

Examples of Other Secured Claim in a sentence

  • For the avoidance of doubt, any portion of any Other Secured Claim that is not secured by collateral or the proceeds thereof shall constitute a General Unsecured Claim to the extent it is Allowed.


More Definitions of Other Secured Claim

Other Secured Claim means any Secured Claim other than a Prepetition Credit Agreement Claim.
Other Secured Claim means any Secured Claim against a Debtor, other than a Loan Claim.
Other Secured Claim means any Secured Claim that is not a Term Loan Claim or a DIP Facility Claim.
Other Secured Claim means any Secured Claim other than an Administrative Expense Claim, a Cash Collateral Claim, a Priority Tax Claim, or a Secured Notes Claim.
Other Secured Claim means any Secured Claim other than a Secured Tax Claim.
Other Secured Claim means a Secured Claim, other than a COP Swap Claim, a DWSD Bond Claim, a DWSD Revolving Bond Claim, a HUD Installment Note Claim, a Parking Bond Claim or a Secured GO Bond Claim.
Other Secured Claim means any secured Claim, other than a: (a) DIP Credit Agreement Claim; (b) First Lien Claim; or (c) Second Lien Claim.