Superpriority Claims definition

Superpriority Claims means administrative expenses with priority in payment over any and all administrative expenses of the kinds specified or ordered pursuant to any provision of the Bankruptcy Code, including, but not limited to, Bankruptcy Code sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(b), 726, 1113 and 1114.

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Superpriority Claims means superpriority administrative expense claim status in the Chapter 11 Cases having a priority over all administrative expenses and any claims of any kind or nature whatsoever, specified in or ordered pursuant to sections 105, 326, 327, 328, 330, 331, 361, 362, 363, 364, 365, 503, 506, 507(a), 507(b), 546, 552, 726, 1113 or 1114 or any other provisions of the Bankruptcy Code.

Superpriority Claims as defined in Section 2.25(a)(i).

Examples of Superpriority Claims in a sentence

Acknowledge pursuant to section 364(c)(1) of the Bankruptcy Code, the Obligations of the Loan Parties hereunder and under the other Loan Documents constitute allowed Superpriority Claims.
For the avoidance of doubt, this paragraph 26 shall not apply to any Senior DIP Obligations or Senior Superpriority Claims.
The DIP Superpriority Claims shall be entitled to the full protection of section 364(e) of the Bankruptcy Code in the event that the Interim Financing Order (or, after entry thereof, the Final Financing Order) or any provision thereof is vacated, reversed, amended or otherwise modified, on appeal or otherwise.
No Credit Party shall create or permit to exist any Superpriority Claim other than Superpriority Claims permitted by the DIP Order (including the Carve-Out).
The Superpriority Claims shall be entitled to the full protection of section 364(e) of the Bankruptcy Code in the event that this Interim Order or any provision hereof is vacated, reversed or modified, on appeal or otherwise.

More Definitions of Superpriority Claims

Superpriority Claims means any debt or other claim arising out of credit obtained or debt incurred by the Debtors having priority in accordance with the provisions of Section 364(c)(1) of the Bankruptcy Code over any or all administrative expenses of the kind specified in Section 503(b) or 507(b) of the Bankruptcy Code.

Superpriority Claims means superpriority, administrative expense claim status in the Chapter 11 Cases having a priority over all administrative expenses and any claims of any kind or nature whatsoever, specified in or ordered pursuant to any applicable provisions of the Bankruptcy Code.

Superpriority Claims means Indebtedness or other claims arising out of credit obtained or debt incurred by any Loan Party having priority in accordance with the provisions of Section 364(c)(1) of the Bankruptcy Code over any or all administrative expenses of the kind specified in Section 503(b) or 507(b) of the Bankruptcy Code.

Superpriority Claims means any claims subject to section 507(b) of the Bankruptcy

Superpriority Claims granted on account of the “DIP Obligations” pursuant to the Existing DIP Order remain in full force and effect and shall continue in favor of the Senior DIP Obligations with the ranking and priority set forth in the Existing DIP Order, except as expressly provided in this Order. Upon the occurrence of the Effective Date, pursuant to section 364(c)(1) of the Bankruptcy Code, all of the Senior DIP Obligations shall continue to, and Supplemental DIP Obligations shall, constitute allowed claims against the Debtors (without the need to file any proof of claim) with priority over any and all administrative expenses, diminution claims (including all Adequate Protection Obligations and Junior Adequate Protection Obligations (each as defined below)) and all other claims against the Debtors, now existing or hereafter arising, of any kind whatsoever, including, without limitation, all 7 For the avoidance of doubt, the Existing DIP Documents, including those Existing DIP Documents that comprise a portion of the Senior DIP Documents but that are not being “amended and restated” in connection herewith, were found to be valid and binding obligations of the Debtors, enforceable against each Debtor party thereto in accordance with the terms thereof pursuant to the Existing DIP Order and such provisions of the Existing DIP Order remain in full force and effect. administrative expenses of the kind specified in sections 503(b) and 507(b) of the Bankruptcy Code, and over any and all administrative expenses or other claims arising under sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 726, 1113 or 1114 of the Bankruptcy Code, whether or not such expenses or claims may become secured by a judgment lien or other non-consensual lien, levy or attachment, which allowed claims shall be payable from and have recourse to all pre- and post-petition property of the Debtors and all proceeds thereof (collectively, as to the Senior DIP Obligations, the “Senior Superpriority Claims”, and as to the Supplemental DIP Obligations, the “Supplemental Superpriority Claims”, and together, the “Superpriority Claims”); provided, however that the Supplemental Superpriority Claims shall be subject to and shall rank junior in right of payment to the Senior Superpriority Claims in all respects; provided, further that (i) the Senior Superpriority Claims and the Supplemental Superpriority Claims shall be subject to the Carve Out (to the extent specifically provided for herein) and (ii) the ...

Superpriority Claims means all of the claims of the Agent and the Lenders on account of the Obligations, which claims shall be entitled to the benefits of section 364(c)(1) of the Bankruptcy Code, having a superpriority over any and all administrative expenses of the kind that are specified in sections 105, 326, 328, 330, 331, 503(b), 506(c) (subject to entry of the Final DIP Order), 507(a), 507(b), 546(c), 726, 1114 or any other provisions of the Bankruptcy Code, subject only to the Carve-Out.