Secured Term Loan Claims definition

Secured Term Loan Claims means all Claims arising under, derived from, or based on the Secured Term Loan.
Sample 1Sample 2Sample 3
Secured Term Loan Claims means all Claims against any Debtor arising under, derived from, or based on the Secured Term Loan Credit Agreement.
Sample 1Sample 2
Secured Term Loan Claims means the Claims of the Term Lenders arising under the Pre-Petition Secured Term Loan Agreement, the Post-Petition Secured Loan Agreement and/or the Term Lender Financing Order, which claims shall be deemed for all purposes hereunder to be Allowed Administrative Claims pursuant to this Plan in the aggregate amount of $20,945,347, plus accrued and unpaid interest as of the Effective Date, the Term Lender Closing Fees if they are payable and all other amounts (including, without limitation, fees and expenses of the Term Lenders' outside counsel, Fried, Frank, Harris, Shriver & Jacobson, and financial advisor, Ernst & Young LLP, payable thereunder) arising and due thereunder through and including the Effective Date.
Sample 1

Examples of Secured Term Loan Claims in a sentence

  • In accordance with section 1126(f) of the Bankruptcy Code, the holders of Allowed Secured Term Loan Claims are conclusively presumed to accept this Plan and are not entitled to vote to accept or reject this Plan, and the votes of such holders will not be solicited with respect to such Allowed Secured Term Loan Claims.

  • Provided that the Debtors are not seeking Reinstatement of the Holding First Lien Secured Term Loan Claims as provided in Section 5.3, all of the terms and conditions required to have been met or any performance required to have been made by the Debtors or the Non-Debtor Guarantors as of the Effective Date relating to the effectiveness of the amendment to the Holding First Lien Secured Term Loan contemplated by the Holding First Lien Secured Term Loan Term Sheet shall have been met.

  • If, however, the Consenting First Lien Lenders terminate the Forbearance Agreement prior to the Confirmation Date or the First Lien Lenders cease to forbear from exercising remedies against non-Debtor guarantors under the Holding First Lien Secured Term Loan prior to the Confirmation Date or fail to vote in favor of the Plan in accordance with section 1126(c) of the Bankruptcy Code, then the Debtors reserve the right to seek Reinstatement of the Holding First Lien Secured Term Loan Claims.

  • The Secured Term Loan Claims shall be Allowed in the aggregate amount of $80,000,000.

  • Class 3 consists of all Holding First Lien Secured Term Loan Claims.

  • The legal, equitable, and contractual rights of the holders of Allowed Secured Term Loan Claims are unaltered by this Plan.

  • Based upon the liquidation value analysis of the Company, as set forth below and in Article X.D of this Disclosure Statement, the value available for distribution to Holders of Claims and Interests upon a liquidation of the Company, after payment of the Holding First Lien Secured Term Loan Claims, would be substantially less than the amount required to satisfy the Claims held by the Holders of IHC Second Lien Notes.

  • Such temporary injunction will expire automatically if Reorganized Group defaults under this Plan by failing to provide or cause to be provided such treatment to Holders of Holding First Lien Secured Term Loan Claims as provided under this Plan and fails to cure such default within 30 days after receipt by the Debtors of written notice of such default from the affected First Lien Lender.

  • All existing Interests in SSGH, SSH, Stanton, and MAH will be cancelled as of the Effective Date; each of SSGH, Stanton, and MAH shall be dissolved; and the reorganized SSH (the “Reorganized SSH”) will issue the New Membership Interests to holders of Allowed Secured Term Loan Claims.

  • Holders of Secured Term Loan Claims are entitled to vote to accept or reject the Plan.


More Definitions of Secured Term Loan Claims

Secured Term Loan Claims means any Claim derived from or based upon the Prepetition Credit Agreement, including, without limitation, the reasonable fees and expenses of the Prepetition Administrative Agent and its advisors (including, without limitation, the reasonable and documented fees and expenses of Bingham McCutchen LLP, Reed Smith, LLP and Morgan Joseph & Co., Inc.) up to the Effective Date, not previously paid by the Debtors.
Sample 1

Related to Secured Term Loan Claims

  • 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.

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(i).

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

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

  • Existing Term Loan Credit Agreement means the Term Loan Credit Agreement, dated as of August 30, 2012, among the Borrower, Credit Suisse, as administrative agent, and the various lenders and agents party thereto from time to time.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

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

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • 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.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

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

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

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

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.

  • Pre-Petition Credit Agreement has the meaning assigned to such term in the Recitals.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • 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.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Second Priority Obligations means (a) with respect to the Existing Second Priority Agreement, all “Secured Obligations” of each Loan Party as defined in the “Security Agreement” referred to in the Existing Second Priority Agreement and (b) with respect to each other Second Priority Agreement, (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all indebtedness under such Second Priority Agreement, and (ii) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable Second Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Second Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties hereunder, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • 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.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).