Second Lien Claims definition

Second Lien Claims means, collectively, all claims derived from, based upon, or secured pursuant to the 2024 Second Lien Notes Indenture and 2025 Second Lien Indenture, including claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

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Second Lien Claims means any Claim derived from, based upon, or arising under the Second Lien Term Loan Facility.

Second Lien Claims means the Second Lien Deficiency Claims and the Second Lien Secured Claims.

Examples of Second Lien Claims in a sentence

Nothing herein shall be construed or interpreted as a stipulation as to the value of the Debtors’ assets, enterprise value, or the collateral securing the First Lien Claims or Second Lien Claims.
Plan The Company shall commence the Chapter 11 Cases and shall confirm and consummate a chapter 11 plan of reorganization (the “Plan”), which will be consistent with this Term Sheet and the Restructuring Support Agreement and otherwise acceptable to the Company, the Required First Lien Lenders and, solely with respect to the economic treatment provided on account of the Second Lien Claims, the Required Second Lien Lenders.
Each Joining Party shall indicate, on the appropriate schedule annexed to its Joinder, the number and amount of First Lien Claims, Second Lien Claims and/or ABL Claims held by such Joining Party.
Class F2 is either Unimpaired, in which case the holders of Allowed Sevan Second Lien Claims in Class F2 are conclusively presumed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code, or Impaired, and not receiving any distribution under the Plan, in which case the holders of such Allowed Sevan Second Lien Claims in Class F2 are deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code.
To vote any and all of the Existing Second Lien Claims it holds or has the authority to vote with respect to the Debtors in favor of the Plan and not object to or vote to reject or impede the Plan, support directly or indirectly such objection or impediment, or otherwise take any actions or commence any proceedings to oppose or seek any modification of the Plan.

More Definitions of Second Lien Claims

Second Lien Claims means all Claims against the Debtors arising under the Second Lien Loan Documents.

Second Lien Claims means all Claims of the Second Lien Lenders or the Second Lien Agent under (i) the Second Lien Loan Agreement and Second Lien Loan Documents, and (ii) the DIP Financing and Cash Collateral Order, including adequate protection liens and claims granted thereunder under sections 361, 363, 503 and/or 507(b) of the Bankruptcy Code, which shall be Allowed in the aggregate principal amount of not less than $25 million, plus any accrued and unpaid interest on such principal amount as of the Petition Date as the applicable contractual interest rate and any unpaid fees and expenses payable in accordance with the Second Lien Loan Documents, plus any amounts as set forth in subsection (ii) of this sentence.

Second Lien Claims means any Claim on account of the Second Lien Notes.

Second Lien Claims means any Claim arising under or in connection with the Second Lien Credit Agreement or other Second Lien Documents.

Second Lien Claims means (a) the aggregate principal amount of obligations outstanding under the NPA, together with accrued interest and any other Claims with respect to the NPA, and any Liens securing the foregoing.

Second Lien Claims means all Claims arising from or related to the Second Lien Credit Agreement, the LC Support Agreement and/or the other Second Lien Loan Documents, including, without limitation, any Unreimbursed Obligations, and all other “Obligations,” as such term is defined in the Second Lien Loan Documents.

Second Lien Claims means (1) Indebtedness under the Second Lien Notes of any series, including any issued or added to the principal amount thereof in payment of interest thereon and the Guarantees permitted pursuant to clause (3) of the definition of the term Permitted Debt and (2) all other Obligations related to the Indebtedness described in clause (1) above.