Prepetition Lenders Deficiency Claims definition

Prepetition Lenders Deficiency Claims means that portion of the Prepetition Lenders Claims remaining unsatisfied after taking into account receipt by the Administrative Agent of (i) realized proceeds of the Zenith Escrow Interests, (ii) the NY State Grant Fund, and(iii) the Allowed Prepetition Lenders Adequate Protection Claims.
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Prepetition Lenders Deficiency Claims means the portion of the Claims of the Prepetition Lenders arising under the Prepetition Credit Agreement, if any, which exceeds the value of the Prepetition Collateral securing such Claims.
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Prepetition Lenders Deficiency Claims means that portion of the Prepetition Lenders Claims that are not Prepetition Lenders Secured Claims.
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Examples of Prepetition Lenders Deficiency Claims in a sentence

  • Without limiting the generality of the foregoingFor the avoidance of doubt,, General Unsecured Claims shall include Prepetition Lenders Deficiency Claims, but shall not include the Prepetition Lenders Secured Claim or the Prepetition Lenders Adequate Protection ClaimClaims.

  • Strengths include knowledge about and weaknesses are lacking the skills that are mentioned.

  • We define the ownership-respecting semantics [[P]]own as those computations of [[P]]mm that respect ownership.

  • Initially, Angelo Gordon was to receive no distribution under the Plan, as the Plan Distributions to Class 4 Holders were to be received, ultimately on account of the Prepetition Lenders Deficiency Claims.

  • For the avoidance of doubt,, General Unsecured Claims shall include Prepetition Lenders Deficiency Claims, but shall not include the Prepetition Lenders Secured Claim or the Prepetition Lenders Adequate Protection Claims.

  • The terms of this agreement are set forth in the Stipulation to Temporary Allowance of Prepetition Lenders Secured Claims and Prepetition Lenders Deficiency Claims for Voting Purposes Only Pursuant to Fed.

  • However, on account of the Subordination Agreement the Holders of the Prepetition Lenders Deficiency Claims shall receive the Plan Distributions on account of the Angelo Gordon Class 4 Claim, including the Pro Rata share ofCreditors Trust Beneficial Interests and the Warrants.

  • Paragraph 6 of the Voting Procedures Order provides that, solely for purposes of voting on the Second Modified Plan, the Class 1 Prepetition Lenders Secured Claims and Class 4 Prepetition Lenders Deficiency Claims shall be allowed.

  • Paragraph 7(s) of the Voting Procedures Order provides that the Administrative Agent may vote the Class 1 Prepetition Lenders Secured Claims and Class 4 Prepetition Lenders Deficiency Claims upon indication by the Administrative Agent to the Debtors that the Administrative Agent is authorized to vote such Claims.

Related to Prepetition Lenders Deficiency Claims

  • Prepetition Lenders means the lenders party to the Prepetition Credit 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 means arising or accruing prior to the Petition Date.

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

  • First Lien Lenders means the “Lenders” under and 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.

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

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

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

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

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

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

  • Administrative Claims means Claims that have been filed timely and properly before theAdministrative Claims Bar Date set forth in the Confirmation Order (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b), or 1114(e)(2) of the Bankruptcy Code, including, without limitation: the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (such as wages, salaries or commissions for services and payments for goods and other services and leased premises). Any fees or charges assessed against the Estates under section 1930 of chapter 123 of title 28 of the United States Code are excluded from the definition of Administrative Claims and shall be paid in accordance with Article V.N of the Plan. Notwithstanding anything to the contrary in this Plan, the filing of an Administrative Claim shall not be required in order to receive payment for any tax liability described in sections 503(b)(1)(B) and (C) in accordance with section 503(b)(1)(D) of the Bankruptcy Code.

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

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

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

  • 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.

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

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • DIP means debtor-in-possession.

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

  • 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.

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

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.