Lien Claim definition

Lien Claim means any Proven Claim of a Person indicated as a secured creditor in Schedule “B” to the Initial Order (other than the Trustees) that is secured by a lien or encumbrance on any property of SFC, which lien is valid, perfected and enforceable pursuant to Applicable Law, provided that the Charges and any Claims in respect of Notes shall not constitute “Lien Claims”.

Lien Claim means any Secured Claim that is not: (a) a DIP Claim or (b) a Prepetition Secured Lender Claim.

Lien Claim means a claim, excluding interest

Examples of Lien Claim in a sentence

• The Plan shall be conclusively deemed to be adequate notice that such Lien, Claim, encumbrance, or other interest is being extinguished and no notice, other than by this Plan, shall be given prior to the presentation of such Court order(s) or assignment(s).

• Any Person having a Lien, Claim, encumbrance, or other interest against any of the property vested in accordance with the foregoing paragraph shall be conclusively deemed to have consented to the transfer, assignment, and vesting of such property to or in the Reorganized Debtors free and clear of all Liens, Claims, charges, or other encumbrances by failing to object to confirmation of this Plan, except as otherwise provided in this Plan.

• Each Holder of a First Lien Claim will be conclusively deemed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code.

• On or before the Effective Date, each Holder of a First Lien Claim will receive Cash equal to the amount of its Allowed Claim from funds available pursuant to the Exit Facility.

• Landlords at premises with such abandoned property may, in their sole discretion and without further notice, dispose of such abandoned property without liability to the Debtors or any non-Debtor third party claiming any interest in such property (including any DIP Credit Agreement Claim, First Lien Claim, Second Lien Claim or Other Secured Claim) and, to the extent applicable, the automatic stay shall be modified to allow such disposition.

More Definitions of Lien Claim

Lien Claim means a claim, by a claimant, for money for the value

Lien Claim means a claim of any Lien Claimant to the extent of such Lien Claimant’s entitlement to receive payment from the major lien fund, as defined in the BLA, as it relates to the Work performed by the Lien Claimant or a subrogated claim for such Work;

Lien Claim means any Secured Claim that is not a Senior Secured Credit Agreement Claim.

Lien Claim means a claim by any Person asserting a lien, a notice to lien, a preliminary notice to lien, security interest or other monetary encumbrance related to a Site.

Lien Claim means a claim filed by a property owner against a licensed landscape contracting business to discharge or to recoup funds expended in discharging a construction lien on a given job site located within the boundaries of the State of Oregon when the work performed is subject to ORS 671.510 to 671.760.

Lien Claim means any lien, restriction, encumbrance, charge, security interest or equitable claim which may be maintained by any subcontractor, materialman or laborer for services performed.

Lien Claim means the right of any Person to claim a lien under Provincial Lien Legislation in respect of the supply of labour, materials, and/or services to a QSG Project;