Examples of Second Lien Claims in a sentence
The Second Lien Claims shall be Allowed in the aggregate amount of $153.2 million, with $50 million of such Allowed Claims to be treated as Secured Second Lien Claims and $103.2 million to be treated as Second Lien Deficiency Claims.
Treatment in General: For the purpose of this Plan only, the Allowed Second Lien Claims shall be treated as and shall vote as a single Class, with all distributions thereon to be Pro Rata regardless of which Debtor is obligated on such claim.
Therefore, Holders of Allowed Second Lien Claims are entitled to vote to accept or reject the Plan.
The Second Lien Claims shall be deemed Allowed in the aggregate principal amount of $121.2 million, plus accrued and unpaid interest as of the Petition Date.
No later than two (2) Business Days after the Confirmation Order is entered, the Second Lien Agent shall provide to counsel to MACH Gen a list of all holders of Second Lien Claims as of such date and such additional information as reasonably requested by counsel to MACH Gen or the Disbursing Agent required to make distributions under the Plan.