Examples of Senior Secured Lenders in a sentence
Notwithstanding anything to the contrary, the Deficiency Claims of the Senior Secured Lenders and the Bridge Lenders against Non-Schedule III Obligor Debtors may only be satisfied out of the Excess Recoveries (if at all).
The vote of the Senior Secured Lenders on the Plan shall be deemed to be a direction to the administrative agent under the Senior Secured Credit Agreement to instruct the security agent to make such sale.
The vote of the Senior Secured Lenders on the Plan shall be deemed to be a direction to the administrative agent under the Senior Secured Credit Agreement to direct the security agent under the Intercreditor Agreement to effectuate the transactions contemplated in Section 5.4 hereof and to instruct the collateral agent under the Senior Secured Credit Agreement to effectuate the transactions contemplated under the Lender Litigation Settlement.
Any objection by a contract or lease counterparty to a proposed assumption or related cure amount must be filed, served, and actually received by the Debtors and counsel to the Senior Secured Lenders, counsel to any committee formed in this case, and the Office of the United States Trustee by the date on which objections to Confirmation are due (or such other date as may be provided in the applicable assumption notice).
Without prejudice to the rights of any party, the Debtors further acknowledge and agree that certain cash on hand of the Debtors and amounts generated by the collection of accounts receivable, sale of inventory or other dispositions of the Prepetition Collateral constitute proceeds of the Prepetition Collateral and, therefore, is cash collateral of the Senior Secured Lenders within the meaning of Section 363(a) of the Bankruptcy Code (the “ Cash Collateral”).