Secured Note Claims definition

Secured Note Claims means the Claims evidenced by (i) the notes issued by Holdings pursuant to the Holdings Indenture, (ii) the notes issued by Parent pursuant to the Parent Indenture and (iii) the notes issued by Marvel III pursuant to the Marvel III Indenture, in each case to the extent secured pursuant to section 506 of the Code.

Secured Note Claims means all Claims against any Debtor arising from or based upon the Note Purchase Agreement and other Note Documents, including, without limitation, all principal, and all accrued but unpaid interest, costs, fees, exit fees, premiums, and indemnity.

Secured Note Claims means any Claim arising under or on account of the Secured Notes.

Examples of Secured Note Claims in a sentence

• The vote of the holders of the Senior Secured Note Claims will be solicited with respect to the Senior Secured Note Claims.

• The Reorganized Debtors and the Disbursing Agent shall have no obligation to attempt to locate any holder of an Allowed Claim other than by reviewing the Debtors’ books and records, proofs of Claim or Interest filed against the Debtors, properly completed Letters of Transmittal, and in the case of holders of Senior Secured Note Claims, the official records of the Indenture Trustee.

• Distributions in respect of the Secured Note Claims shall be subject in all respects to the right of the Secured Note Trustee to assert a charging lien, if any, against such distributions if the obligations of payment owed to the Secured Note Trustee are not satisfied.

• The Indenture Trustee shall deliver such distributions to the holders of the Senior Secured Note Claims in accordance with the provisions of the Plan and the terms of the Indenture or any other governing agreement.

• The Senior Secured Note Claims are impaired Claims, and holders of such Claims are entitled to vote to accept or reject the Plan.

• Notwithstanding any provision of the Plan to the contrary, distributions to holders of Secured Note Claims shall be made to or at the direction of the Secured Note Trustee, which shall, to the extent directed, act as disbursing agent for distributions to the holders of Secured Note Claims and may transfer such distributions by the Debtors (as applicable) to the holders of Secured Note Claims as directed.

• Class 2: Class 2 consists of all Allowed Senior Secured Note Claims.

• The Liquidation Analysis indicates that holders of the Senior Secured Note Claims, the Hillside Secured Claims, Other Secured Claims, Administrative Expense Claims and Priority Non-Tax Claims, would, after payment of liquidation costs and expenses, receive a 100% recovery on their Claims in a liquidation scenario.

• Voting: The Senior Secured Note Claims are impaired Claims, and holders of such Claims are entitled to vote to accept or reject the Plan.

• Unless otherwise specifically provided for in this Plan or the Confirmation Order, or required by applicable bankruptcy law, postpetition interest shall not accrue or be paid on any Claims, and no holder of a Claim shall be entitled to interest accruing on or after the Commencement Date on any Claim; provided, however, that this Section 8.2 shall not apply to Senior Secured Note Claims, on which postpetition interest shall accrue.

More Definitions of Secured Note Claims

Secured Note Claims means any Claims held by the Consenting Secured Noteholders under the Loan and Security Agreement.

Secured Note Claims. Unless otherwise agreed in writing amongst the Company, the Supporting Noteholder and the Secured Noteholders prior to the Petition Date (as defined below): · If the class of Secured Note Claims votes to accept the Plan and provide the releases and exculpations therein, the Secured Noteholders shall receive payment of outstanding principal, interest and reasonable expenses on the Effective Date, but shall be deemed to have expressly waived the right to recover, and shall not receive any distribution on account of, any penalty, fee or premium under the Secured Notes for redemption, change of control or otherwise. · If the class of Secured Note Claims does not vote to accept the Plan and provide the releases and exculpations therein, the Secured Noteholders shall, at the option of Supporting Noteholder receive new secured notes subordinate to the Exit Facility in an amount, tenor, term and rate acceptable to the Company and the Supporting Noteholder and approved by the Bankruptcy Court (the “New Notes”).

Secured Note Claims means Class A Notes Claims and Class B Notes Claims, individually and in the aggregate.

Secured Note Claims means all Claims against any Debtor related to, arising out of, or in connection with, the Secured Notes and the Indenture, other than Claims payable pursuant to Section 2.4.