Second Lien Lender Claims definition

Second Lien Lender Claims means the Second Lien Credit Agreement Claims and the Adequate Protection Claims.
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Second Lien Lender Claims means the Secured Claims arising under the Second Lien Credit Agreement. ”Secured Claim” shall mean a Claim that is secured by a Lien on any Asset of the Debtor, or right of setoff, which Lien or right of setoff, as the case may be, is valid, perfected, and enforceable under applicable law and is not subject to avoidance under the Bankruptcy Code or applicable nonbankruptcy law, but only to the extent of the value, pursuant to Section 506(a) of the Bankruptcy Code, of any interest of the holder of the Claim in property of the Estate securing such Claim.
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Second Lien Lender Claims means any and all Claims, including the Second Lien Guaranty Claims, against any of the Debtors arising from or in connection with the Second Lien Loan Documents.
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Examples of Second Lien Lender Claims in a sentence

  • The recent initiative of competitive tendering for Programs funded under NRCP has seen a number of respite services, who have successfully provided services to carers of people with a disability aged under 65 years for years, unsuccessful in their tenders for ongoing funding (this is a National trend).

  • The essential question in differentiating between the types of fora is what the government intended at the time it opened the forum, not when it closed it.

  • Holders of such Claims are entitled to vote to accept or reject the Plan, and the votes of such holders will be solicited with respect to such Second Lien Lender Claims.

  • Each holder of an Allowed Second Lien Lender Claim shall, on the Distribution Date in full satisfaction of such holders’ Allowed Second Lien Lender Claims against any of the Debtors, receive its Pro Rata Share of 91.75% of the New Common Stock, excluding, for this purpose, shares issuable upon conversion of the New Preferred Stock and shares issuable under the Management Incentive Plan.

  • Class 3 – First Lien Lender Claims, Class 4 – Second Lien Lender Claims, Class 5 – Unsecured Claims and Class 6 – Revel Equity Interests are impaired under the Plan.4.3. Impairment Controversies.

  • The Second Lien Lender Claims are secured by a second lien on substantially all of the Debtor’s assets.

  • All First Lien Lender Deficiency Claims and Second Lien Lender Claims shall constitute Allowed General Unsecured Claims for all purposes in these Chapter 11 Cases, not subject to defense, offset, counterclaim, recoupment, reduction, subordination or recharacterization by the Debtors or any party in interest.

  • Notwithstanding the foregoing, the New Common Stock distributions on account of the First Lien Lender Deficiency Claims and the Second Lien Lender Claims shall be made on the Effective Date.

  • The Debtors were not required to solicit votes from holders of Claims in Class 6 (Second Lien Lender Claims) and Class 7A (U.S. General Unsecured Claims) or holders of Interests in Class 8A (Existing U.S. Interests) (collectively, the “ Impaired Classes”) becausethe Plan provides that such classes are impaired and shall not receive or retain any property under the Plan and, therefore, are deemed to have rejected the Plan.

  • The Second Lien Lender Claims shall be Allowed in the aggregate amount of $101,155,243, plus accrued and unpaid interest as of the Petition Date.


More Definitions of Second Lien Lender Claims

Second Lien Lender Claims means any and all claims arising under the Second Lien Credit Agreement or the Second Lien Loans.
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Related to Second Lien Lender Claims

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

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

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

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

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

  • 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.

  • Second Lien Debt means the indebtedness under the Second Lien Indenture Notes issued on the date hereof and guarantees thereof and all additional indebtedness incurred under any Additional Second Lien Documents and all additional indebtedness in respect of Additional Notes and guarantees thereof, in each case, that was permitted to be incurred and secured in accordance with the Secured Debt Documents and with respect to which the requirements of Section 4.04(b) have been (or are deemed) satisfied, and all Indebtedness incurred under any Second Lien Substitute Facility.

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

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

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

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

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

  • First Lien Indebtedness means any Indebtedness for borrowed money (which, for the avoidance of doubt, does not include Purchase Money Indebtedness, and any related Liens thereto) secured by a Lien on any assets of the Issuer or any Restricted Subsidiary ranking pari passu with the Liens securing the Notes Obligations.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • 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.

  • First Lien Obligations means (a) all the Credit Agreement Obligations, (b) all the Initial Additional First Lien Obligations and (c) all the Additional First Lien Obligations.

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

  • Second Lien Facility means the second lien term loan facility under the Second Lien Credit Agreement.

  • Second Lien Noteholders means the registered holders, from time to time, of the Second Lien Notes, as determined in accordance with the relevant Second Lien Notes Indenture.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

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

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

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