WTI Secured Claim definition

WTI Secured Claim means all Claims of WTI under the WTI Loan.
Sample 1Sample 2

Examples of WTI Secured Claim in a sentence

  • The Disclosure Statementprovides inadequate information regarding the method by which the payment premiums, make wholes and other fees as described in the WTI Secured Claim – which, put together, more than double the size of the WTI Secured Claim amount, potentially rendering it impaired – have been calculated.

  • Treatment: On the Effective Date, or as soon as practicable thereafter, each Holder of anAllowed WTI Secured Claim shall receive, in full satisfaction, settlement, release and discharge ofsuch Allowed WTI Secured Claim, Cash in an amount equal to $9,000,000 and a number of shares of Reorganized KDI Class A Common Stock at the same price per share paid by the Plan Sponsor Group for Reorganized KDI Class B Common Stock, in exchange for all of the remaining Allowed WTI Secured Claim in the amount of $650,000.

  • Under the Plan, Class 2 consists of the Allowed WTI Secured Claim against the Debtor.

  • Each Holder of an Allowed WTI Secured Claim shall be entitled to vote to accept or reject this Plan.

  • The Allowed WTI Secured Claim shall exclude, any accrued postpetition interest, premiums or penalties, including but not limited to any prepayment or change of control penalties, outstanding or required to be paid under the WTI Loan.

  • Furthermore, the WTI Secured Claim, which comprises Class 2, is currently estimated to exceed $19 million.

  • On May 1, 2015 bids were publicly opened and read aloud as follows: Company NameBid AmountCivil Site Constructors, Inc.$631,386.25Preferred Materials, Inc.$834,739.50Ajax Paving Industries of Florida, LLC$945,545.00 A W/MBE expectancy participation rate of 15.8% was prescribed and a W/MBE expectancy participation rate of at least 48.9% is incorporated into this Contract.

  • Classification: Class 2 consists of the Allowed WTI Secured Claim against the Debtor.

  • The Debtor overvalues the Class 2 WTI Secured Claims for purposes of this Plan.The true value of the WTI Secured Claims is entirely satisfied pursuant to the Plan’s incorporation of the treatment to be provided to Class 2 WTI Secured Claim specified in WTI Plan Support Agreement and the PSG/Debtor Plan Suppport Agreement.

  • According to the DisclosureStatement, the balance of the WTI Secured Claim consists of “interest, payment premiums, make-wholes, success fees and fees and expenses through the Effective Date.” Id. (emphasisadded).

Related to WTI Secured Claim

  • Allowed Secured Claim means an Allowed Claim secured by a Lien, security interest, or other charge against or interest in property in which the Debtor has an interest or that is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value (as specified in the Plan, or if no value is specified, as determined in accordance with Section 506(a) of the Bankruptcy Code) of the interest of a holder of such Allowed Claim in the Debtor's interest in such property or to the extent of the amount subject to such setoff, as the case may be.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Allowed Unsecured Claim means all or that portion of an Unsecured Claim which is an Allowed Claim.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Other Secured Claim means any Secured Claim other than an Administrative Claim, Secured Tax Claim, DIP Facility Claim, or Prepetition Credit Agreement Claim.

  • Allowed Claim means an Allowed Claim of the type described.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Tax Claim has the meaning set forth in Section 6.05.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • Other Secured Claims means any Secured Claim against the Debtors that is not an Administrative

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Preferred claim means a claim with respect to which the terms of this chapter accord priority of payment from the general assets of the insurer.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • DIP Claim means a Claim held by the DIP Lenders or the DIP Agent arising under or relating to the DIP Credit Agreement or the DIP Order, including any and all fees, interests paid in kind, and accrued but unpaid interest and fees arising under the DIP Credit Agreement, but, for the avoidance of doubt, excluding the First Lien Adequate Protection Claims.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • Covered claim means the following:

  • Allowed Administrative Claim means all or that portion of an Administrative Claim which is an Allowed Claim.

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

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.