Examples of Lenders Claims in a sentence
Colony Lender’s Claims In March 2010, Colony Lender paid $4.5 million, through an affiliate, to Bank of America to acquire outstanding loans to (and claims against) CBTC, CBI, the Partnership and other Klauber entities.16 Dr. Klauber and RMI are guarantors of these loans.As a result, Colony Lender acquired Bank of America’s mortgage on the 80% undivided interests of CBTC and CBI in the Rec.
In no event shall the Secured Lender(s) receiving Distributions pursuant to this Section 3.7 receive Distributions pursuant to this Plan in excess of the Allowed amount of such Secured Lender(s)’ Claims and any Distributions received by a Secured Lender pursuant to this Section 3.7 shall count as a Distribution made pursuant to Section 3.4(g) of this Plan for purposes of determining whether such Secured Lender has received Distributions in excess of the Allowed amount of such Secured Lender’s Claims.
Lender’s Claims consist of any and all debts, obligations, liabilities, and amounts for which any Person is obligated, liable, or indebted to Liberty Bankers Life Insurance Company under the promissory notes, mortgages, deeds of trust, security agreements, guaranties, and other loan and security documents, as the same may have been modified, amended, renewed, extended, supplemented, or restated from time to time.
The Plan is also premised upon the settlement of potential causes of action against the Prepetition Lender, namely the Creditors Committee’s Informal Challenges to the Liens and Claims of the Prepetition Lender, inexchange for the proposed treatment of the Prepetition Lender’s Claims under the Plan and the Prepetition Lender’s support of the Plan.
The Parties agree and acknowledge that the reported amount of such Owned Debtor Claims does not necessarily reflect the full amount of such Lender’s Claims in respect of the Credit Agreement (including, without limitation, principal, accrued and unpaid interest, fees and expenses) and any disclosure made on any Lender Signature Block shall be without prejudice to any subsequent assertion by or on behalf of such Lender of the full amount of its Claims.
An arbitration proceeding can decide only Borrower’s or Lender’s Claims.
The Chapter 11 Trustee commenced the Adversary Proceeding to object to the Lender’s Claims and requested the loan transactions and Foreclosure Judgment underlying the Lender’s Claims be declared null and void and/or for the avoidance of the Foreclosure Judgment (to the extent not already found to be void) pursuant to sections 544, 547, and 548 of the Bankruptcy Code.
The Plan Fails to Provide The Present Value Of Senior Lender’s Claims and Fails the Till Standard Enunciated by the Supreme Court4In order for creditors to receive the full present value of their claims, a plan must provide5that interest will accrue at market based rates from the effective date through the date on which the6claims will be paid in full.
Final calculations are then given to the insurers approximately several months after when market share data is finalised.
They further believe that, based on the Liquidation Analysis, in a foreclosure sale, the value realized would be less than the amount of the Secured Lender’s Claims.