Verso First Lien Claims definition

Verso First Lien Claims means, collectively, the Verso Cash Flow Claims, the Verso 2012 First Lien Notes Claims, and the Verso 2015 First Lien Notes Claims.
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Examples of Verso First Lien Claims in a sentence

  • It consists of two side jambs and a head jamb, with an integral or attached stop against which the door closes.

  • If a claimant holds more than one Claim in Class 3 (Verso First Lien Claims), Class 4 (Verso Senior Debt Claims), or Class 5 (Verso Subordinated Debt Claims) arising under more than one debt issuance included in such Class, that claimant must submit a separate Ballot for each such Claim arising under a separate debt issuance and will be entitled to a separate vote for numerosity purposes in respect of each such Claim.

  • Certain Holders of • Verso debt under that certain Credit Agreement, dated as of May 4, 2012;• Verso’s 11.75% senior secured notes due 2019, issued pursuant to that certain indenture dated as of March 21, 2012; and• Verso’s 11.75% senior secured notes due 2019, issued pursuant to that certain indenture dated as of January 7, 2015 (the “Allowed Verso 2015 First Lien Notes Claims”) received New Common Stock and Plan Warrants in exchange for their Allowed Verso First Lien Claims.

  • This was due to the fact that while productivity was low in Monterey Bay during the 1997/98 El Niño, it was even further reduced in other foraging areas.

  • On the Effective Date, or as soon thereafter as reasonably practicable, Reorganized Verso Corporation shall issue or cause to be issued the Plan Warrants to Holders of Allowed Verso First Lien Claims in accordance with the terms of the Plan, the Warrant Agreement, and the New Constituent Documents without the need of any further corporate or equity holder action.

  • Plan WarrantsArticle 6.7 6.8 of the Plan provides that on the Effective Date, or as soon thereafter as reasonably practicable, Reorganized Verso shall issue or cause to be issued the Plan Warrants to Holders of Allowed Verso First Lien Claims in accordance with the terms of the Plan and the New Constituent Documents without the need of any further corporate or equity holder action.

  • DISCUSSION: The Federal Transportation Improvement Program (programming document) is a near-term list of transportation projects, while the 2022 Regional Transportation Plan is a long-term blueprint for transportation projects.

  • ARTICLE III WARRANTS Section 3.1 Issuance of Warrants.(a) On the terms and subject to the conditions of this Agreement and in accordance with the terms of the Plan of Reorganization, on or as soon as reasonably practicable after the Effective Date (such date, the “Date of Issuance”), the Company will issue the Warrants to holders of Allowed Verso First Lien Claims, as set forth in the Plan of Reorganization.

  • Verso First Lien Claims means, collectively, the Verso Cash Flow Claims, the Verso 2012 First Lien Notes Claims, and the Verso 2015 First Lien Notes Claims.

  • Any employee suffering bereavement by reason of death in his or her family, including spouses, children, parents, grandparents, brothers, sisters, and parents-in-law shall receive up to four (4) working days for employees assigned to steady day shift or up to two (2) working days for employees on 24 hour shifts to be taken from the day of death to the day after the funeral for the purpose of attending the funeral or arranging for personal affairs.

Related to Verso First Lien Claims

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Other First Liens means Liens on the Collateral that are pari passu with the Liens thereon securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans) pursuant to a Permitted Pari Passu Intercreditor Agreement.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • 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.

  • 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.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

  • Other First Lien Obligations means the “Other First Lien Obligations” as defined in the Collateral Agreement, including any interest accruing after commencement of any bankruptcy or insolvency proceeding with respect to any holder of Other First Lien Obligations whether or not allowed in such proceeding.

  • Priority Lien Cap means $1,950.0 million.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

  • Additional First Lien Documents means, with respect to any Series of Additional First Lien Obligations, the notes, credit agreements, indentures, security documents and other operative agreements evidencing or governing such Indebtedness, and each other agreement entered into for the purpose of securing any Series of Additional First Lien Obligations.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

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

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

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

  • First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.

  • Unsecured Creditors means, collectively, the Preferred Creditors and the Ordinary Creditors; and