Superpriority DIP Claims definition

Superpriority DIP Claims means all of the claims of DIP Lender on account of the Obligations, which claims shall be entitled to the benefits of Sections 364(c)(1) and 364(d) 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), 507(a), 507(b), 546(c), 726, 1114, or any other provisions of the Bankruptcy Code, subject to the DIP Lender Carve Out.
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Superpriority DIP Claims means all of the claims of the DIP Lender on account of the Obligations, which claims shall constitute administrative expenses of the Debtors in the Chapter 11 Cases, with administrative priority and senior secured status and entitled to the benefits of Sections 364(c) of the Bankruptcy Code, having a superpriority over any and all costs and expenses of the kind that are specified in Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), 726, 1114 or any other provisions of the Bankruptcy Code or otherwise.
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Superpriority DIP Claims means all of the claims of the DIP Lender on account of the Obligations, which claims shall be entitled to the benefits of Sections 364(c)(1) and 364(d) 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), 507(a), 507(b), 546(c), 726, 1114, or any other provisions of the Bankruptcy Code, subject to the DIP Lender Carve Out.
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Examples of Superpriority DIP Claims in a sentence

  • Subject to the terms and conditions set forth herein, the DIP Liens, Superpriority DIP Claims, Prepetition Liens, Adequate Protection Liens and Adequate Protection Claims shall be subject to the payment of the Carve Out.

  • The Junior Superpriority DIP Claims shall, for purposes of section 1129(a)(9)(A) of the Bankruptcy Code, be considered administrative expenses allowed under section 503(b) of the Bankruptcy Code, shall be against each Debtor on a joint and several basis.

  • The Senior Superpriority DIP Claims shall, for purposes of section 1129(a)(9)(A) of the Bankruptcy Code, be considered administrative expenses allowed under section 503(b) of the Bankruptcy Code, shall be against each Debtor on a joint and several basis.

  • The Superpriority DIP Claims shall have recourse against each of the Debtors on a joint and several basis, and shall be payable from and have recourse to all DIP Collateral.

  • Postpetition financing is not otherwise available without granting each DIP Agent, for the benefit of itself and the respective DIP Secured Parties: (1) the DIP Liens (as defined below) on all DIP Collateral, as set forth herein; (2) the Superpriority DIP Claims (as defined below); and (3) the refinancing of the Prepetition RBL Obligations as set forth herein and the other protections set forth in this Interim Order.

  • The Superpriority DIP Claims will, at all times during the period that the DIP Loans remain outstanding and have not otherwise been indefeasibly paid in full or rolled into the New First Lien Term Loans on the Plan Effective Date, each as described in the section entitled “Maturity”, remain senior in priority to all other claims or administrative expenses, subject only to the Carve Out.

  • The Superpriority DIP Claims shall have recourse against each of the Debtors on a joint and several basis, and shall be payable from and have recourse to all DIP Collateral (subject to the terms of the DIP Orders).

  • The holders of Exiting Term Loan Claims shall receive adequate protection consisting of (i) reporting in form and substance reasonably acceptable to the Term Lenders, (ii) post-petition replacement liens (junior to the DIP Liens), (iii) superpriority claims (junior to the Superpriority DIP Claims) and (iv) payment of reasonable professional fees.

  • The Superpriority DIP Claims will, at all times during the period that the DIP Loans remain outstanding, remain senior in priority to all other claims or administrative expenses, including without limitation any claims allowed pursuant to the obligations under or in connection with the Credit Agreement, subject only to the payment in full in cash of the Carve-Out.


More Definitions of Superpriority DIP Claims

Superpriority DIP Claims means Claims against any of the Company Parties arising
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Superpriority DIP Claims means all of the claims of the Collateral Agent and the Purchasers on account of the DIP Obligations, which 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), 507(a), 507(b), 546(c), 726, 1114 or any other provisions of the Bankruptcy Code, subject only to the Carve-Out. The Superpriority DIP Claims will, at all times during the period that the DIP Obligations remain outstanding, remain senior in priority to all other claims or administrative expenses (other than the Carve-Out).
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