Plan Indebtedness definition

Plan Indebtedness means the Indebtedness of the Company contemplated by the Plan.
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Plan Indebtedness means any and all indebtedness, claims, debts, liabilities or other obligations owing from the Debtor to the Plan under the Plan Loan Documents, of whatever nature, character or description, howsoever arising and whether currently existing or arising hereafter, together with all interest accruing thereon and all costs and expenses, including attorneys’ fees, or collection thereof, whether the same accrues or is incurred before or after the commencement of any bankruptcy case by or against the Debtor.
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Examples of Plan Indebtedness in a sentence

  • Notwithstanding the foregoing, the Agent may execute and deliver to any Borrower releases of chattel paper sold to any provider of Permitted New Vehicle Floor Plan Indebtedness in accordance with the terms of the Intercreditor Agreement executed in connection therewith between the Agent and any such provider.

  • Promptly upon the request of any Lender, all floor plan audit reports, summaries and all related information received from auto manufacturer affiliate finance companies in connection with Permitted New Vehicle Floor Plan Indebtedness, and copies of all internal audits prepared by or on behalf of the Company or any Borrower that are related to Permitted New Vehicle Floor Plan Indebtedness.

  • Notwithstanding the foregoing, the Agent may execute and deliver to any Borrower releases of chattel paper sold to any provider of Permitted New Vehicle Floor Plan Indebtedness in accordance with the terms of the intercreditor agreement executed in connection herewith between the Agent and any such provider.

  • Any Communication, if given to a Class 7 Creditor, must be addressed as indicated in the Plan Indebtedness Exhibit, subject to change as provided hereinabove, and, if given to Guarantor, must be addressed as follows, subject to change as provided hereinabove: BONN▇▇ ▇.

  • This Guaranty contains the entire agreement between Guarantor and each Class 7 Creditor relating to the guarantying of the Plan Indebtedness by Guarantor and supersedes entirely any and all prior written or oral agreements with respect thereto; and Guarantor and each Class 7 Creditor acknowledge that there are no contemporaneous oral agreements with respect to the subject matter hereof.

  • The Plan Indebtedness Exhibit identifies by name and Allowed Claim amount each Class 7 Creditor as well as the specific amount of Plan Indebtedness that will be owed to such Class 7 Creditor if the Plan is confirmed and if the Class 7 Creditor is a Certifying or a Non-Certifying Creditor.

  • Upon the occurrence of a Default or Event of Default, the Company will establish segregated bank accounts sufficient, in the reasonable judgment of the Agent and the Floor Plan Agent, to separate the proceeds of the Collateral from other sources of cash flow including, without limitation, all cash flow generated from the sale of assets originally purchased by any Borrower with the proceeds of Permitted New Vehicle Floor Plan Indebtedness.

  • The Plan Indebtedness to each Class 7 Creditor thus depends on its status as a Certifying or Non-Certifying Customer as those terms are defined in the Plan.

  • The Creditors agree that they shall place or cause to be placed on the face of the Notes or other instruments evidencing the Mapleridge Indebtedness, or the Plan Indebtedness, a legend stating that the payment thereof is subject to the terms of this Agreement.

  • Guarantor does hereby conditionally guarantee to each Class 7 Creditor the full and prompt payment of the Plan Indebtedness to it (if applicable, either as a Certifying Customer or a Non-Certifying Customer, but not both) when due, without acceleration, with such interest as may accrue thereon under the Plan, provided the Plan is confirmed.