Secured Notes Collateral Agent definition
Examples of Secured Notes Collateral Agent in a sentence
Pursuant to the Secured Notes Documents, prior to the Petition Date, the Secured Notes Issuers and the Secured Notes Guarantors each granted to the Secured Notes Collateral Agent, for the benefit of the holders of the Secured Notes and the other Secured Notes Parties, liens on and security interests in (the “Prepetition Secured Notes Liens”) the “Collateral” (as defined in the Secured Notes Collateral Agency & Accounts Agreement) (the “Prepetition Secured Notes Collateral”).
The Secured Notes Collateral Agent, for the benefit of itself and the Secured Notes Parties, is hereby granted, in the amount of any Diminution in Value of their interests in the Prepetition Secured Notes Collateral from and after the Petition Date, superpriority administrative expense claims to the extent contemplated by section 507(b) of the Bankruptcy Code (the “Secured Notes Adequate Protection Claims”) against each of the Debtors.