Second Lien Term Loan Deficiency Claims definition

Second Lien Term Loan Deficiency Claims means Claims of the Second Lien Term Loan Lenders against TOUSA for the portion of such lenders’ Claims that exceeds the value of such lenders’ interest in TOUSA’s property securing such Claims.
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Second Lien Term Loan Deficiency Claims means any Second Lien Term Loan Facility Claims that are not Secured Claims.
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Examples of Second Lien Term Loan Deficiency Claims in a sentence

  • Subsequent trade agreements (including the major one in the East Asian region, the ASEAN Framework Agreement on Services, AFAS) have broadly followed the definitions and terminology of the GATS.The modes of supply are easiest to understand by example.

Related to Second Lien Term Loan Deficiency Claims

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

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

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • 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.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

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

  • First Lien Last Out Loan means a Collateral Loan which would be a First Lien Loan but for the fact that at any time prior to and/or after an event of default under the Related Documents, such Collateral Loan will be paid after one or more tranches of First Lien Loans issued by the Obligor have been paid in full in accordance with a specified waterfall or other priority of payments as specified in the Related Documents, an agreement among lenders or other applicable agreement.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Priority Debt means, as of any date, the sum (without duplication) of (i) Indebtedness of the Company and its Subsidiaries secured by Liens not otherwise permitted by Sections 10.4(a) through (h), and (ii) outstanding unsecured Indebtedness of Subsidiaries not otherwise permitted by Sections 10.3(a) through (d).

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