First Lien Secured Claims definition

First Lien Secured Claims means any portion of the First Lien Obligations not constituting a First Lien Deficiency.

First Lien Secured Claims means any Claim against any Debtor derived from, based upon, or arising under the First Lien Credit Agreement and any fees, costs, and expenses that are reimbursable by any Debtor pursuant to the First Lien Credit Agreement.

First Lien Secured Claims means, collectively, the Secured Claims of the First Lien Lenders arising under or in connection with the First Lien Credit Agreement.

Examples of First Lien Secured Claims in a sentence

• After the end of the Covered Period: (i) any remaining amounts in the First Lien Reserve (net of any unpaid Covered Costs) shall be indefeasibly paid to the First Lien Agent on behalf of the holders of Allowed First Lien Secured Claims; and (ii) any remaining First Lien Trust Assets shall become First Lien Excluded Assets.

• Although a chapter 7 liquidation would achieve the same goal, the Debtors believe that the Plan provides a greater recovery to holders of First Lien Secured Claims and Allowed General Unsecured Claims than would a chapter 7 liquidation.

• For the avoidance of doubt, the net proceeds of the First Lien Collateral, subject to the funding requirements of the First Lien Reserve, shall not pay for, fund or otherwise be used in any way to effectuate the Plan or satisfy the Claims thereunder, other than the Allowed First Lien Secured Claims.

• Holders of Allowed First Lien Secured Claims are entitled to vote to accept or reject the Plan.

• On the Effective Date, after the consummation of the Spin-Off, and concurrently with the issuance of the Reorganized EFH Common Stock, Reorganized EFIH will enter into the New Reorganized EFIH Debt Documents, as applicable, and incur the debt under the New Reorganized EFIH Debt, the amount of which may be reduced if, and to the extent that, the Rights issued to Holders of Allowed TCEH First Lien Secured Claims are exercised.

More Definitions of First Lien Secured Claims

First Lien Secured Claims means the Claims held by the First Lien Lenders, which Claims are secured by first priority liens and security interests in all of the Debtor’s assets.

First Lien Secured Claims means, collectively, the Secured Claims of the First Lien Lenders

First Lien Secured Claims refers to all secured claims (including any accrued and unpaid interest, fees, and/or charges) arising from the First Lien Credit Facility as of the Petition Date.

First Lien Secured Claims means the secured portion of the First Lien Facility Claims, which shall be Allowed in the amount of $177,000,000 against Warren and each First Lien Facility Guarantor.

First Lien Secured Claims. The First Lien Facility Claims shall be allowed in an amount equal to $248,014,432.14, of which approximately $160 million to approximately $180 million shall be allowed as first-priority secured claims (the “First Lien Secured Claims”). • First Lien Deficiency Claims: The general unsecured deficiency claims on account of the First Lien Facility Claims (stipulated to be approximately $68 million to approximately $88 million shall be allowed as prepetition general unsecured claims for voting purposes only (the “First Lien Deficiency Claims”). • Second Lien Deficiency: No secured Second Lien Facility Claim shall be allowed under the Plan or otherwise. The Second Lien Facility Claims shall be allowed solely as general unsecured claims (the “Second Lien Deficiency Claims”). The Second Lien Deficiency Claims shall be allowed in the amount of approximately $56.7 million. •

First Lien Secured Claims. The First Lien Facility Claims shall be allowed in an amount equal to $248,014,432.14, of which approximately $160 million to approximately $180 million shall be allowed as first-priority secured claims (the “First Lien Secured Claims”).

First Lien Secured Claims means the First Lien Claims to the extent that they are Secured Claims.