Prepetition Credit Agreement Deficiency Claims definition

Prepetition Credit Agreement Deficiency Claims means the unsecured Claims arising out of the Prepetition Credit Agreement in an aggregate Allowed amount equal to $737 million.
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Prepetition Credit Agreement Deficiency Claims means the Claims of the Prepetition Lenders arising under the Prepetition Credit Agreement that are not Secured Claims.
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Examples of Prepetition Credit Agreement Deficiency Claims in a sentence

  • For the avoidance of doubt, the Prepetition Credit Agreement Secured Claims and the Prepetition Credit Agreement Deficiency Claims shall be deemed Allowed in the amounts of the Prepetition Credit Agreement Secured Claims and the Prepetition Credit Agreement Deficiency Claims, respectively.

  • Class 4 consists of all Prepetition Credit Agreement Deficiency Claims and Hedging Agreement Deficiency Claims.

  • The Agents shall have no obligation to recognize any transfer of any Prepetition Credit Agreement Secured Claims, Hedging Agreement Secured Claims, Prepetition Credit Agreement Deficiency Claims, Hedging Agreement Deficiency Claims, or DIP Facility Claims occurring after the close of business on the Distribution Record Date and shall instead be entitled to recognize and deal for all purposes under the Plan with only those Holders of record as of the close of business on the Distribution Record Date.

  • A portion of the proceeds from the sale of the Unencumbered Assets that is received by U.S. Holders of Class 4 Prepetition Credit Agreement Deficiency Claims in taxable years following the year of the sale of the assets may be recharacterized as deemed interest payments.

Related to Prepetition Credit Agreement Deficiency Claims

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

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

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • Pre-Petition Credit Agreement has the meaning assigned to such term in the Recitals.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • 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.

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • DIP means debtor-in-possession.

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

  • 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.

  • 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.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

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

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

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

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

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

  • DIP Credit Agreement means the credit agreement with respect to the DIP Facility.

  • First Lien With respect to any second lien Mortgage Loan, the mortgage loan relating to the corresponding Mortgaged Property having a first priority lien.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

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

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