Senior Secured Claims definition

Senior Secured Claims means all Claims, claims against guarantors, liens, rights and interests arising under the Senior Secured Credit Agreement, the Secured Hedge Agreements, ARCO Notes Indenture and Equistar Notes Indenture, including, without limitation, all accrued but unpaid interest thereon and any claims arising under section 507(b) of the Bankruptcy Code.

Senior Secured Claims means any and all Claims of the Senior Secured Lenders against any of the Debtors arising under or relating to the Senior Secured Loan Agreements that the Senior Secured Lenders allege are secured by or encumber assets of the Debtors or any of them, which Claim amount is Allowed in the amount of the lesser of

Senior Secured Claims means, collectively, the Term Loan Claims and the Senior Secured Notes Claims.

Examples of Senior Secured Claims in a sentence

• The U.S. federal income tax treatment of the right of holders of Allowed Senior Secured Claims and Allowed Bridge Loan Claims to their share of any Excess Recoveries is unclear.

• Thereafter, until the holders of Senior Secured Claims (taking into account all distributions previously received by them) are paid in full, Excess Recoveries shall be paid 50% to the holders of Deficiency Claims on account of the Senior Secured Claims and 50% to the holders of Deficiency Claims on account of the Bridge Loan Claims.

• The ARCO/Equistar Settlement Pro Rata Allocation shall be used to determine the aggregate distributions allocable to each of the four following subcategories of Senior Secured Claims: (i) claims arising under the Senior Secured Credit Agreement, (ii) claims arising under the Secured Hedge Agreements, (iii) the Arco Notes Claims and (iv) the Equistar Notes Claims.

• Following the Excess Recovery Trigger Date, holders of Senior Secured Claims, Bridge Loan Claims and, solely to the extent of their Post-Effective Date Interest Amount, holders of Allowed General Unsecured Claims and 2015 Notes Claims shall be entitled to share in Excess Recoveries.

• Holders of Class 3 Senior Secured Claims are entitled to vote to accept or reject the Plan.

More Definitions of Senior Secured Claims

Senior Secured Claims means, with respect to any Secured Obligation (other than Secured Obligations that constitute Expenses), all other Secured Obligations the payment of which constitute a Prior Ranking Amount, it being understood that Expenses are Senior Secured Claims with respect to all other Secured Obligations and that there are no Prior Ranking Amounts in respect of Expenses.

Senior Secured Claims means the Claims of the Senior Secured Lenders.

Senior Secured Claims means all Claims held by the Senior Secured Lender arising under the Senior Secured Loan Documents.

Senior Secured Claims shall have the meaning set forth in the Plan of Reorganization.

Senior Secured Claims means (i) the aggregate principal amount of obligations outstanding under the Senior Secured Credit Agreement, together with accrued interest and any other Claims with respect to the Senior Secured Credit Agreement, and (ii) any Liens securing the foregoing. For the avoidance of doubt, the Senior Secured Claims include the following Claims under the Senior Secured Credit Agreement: (a) the aggregate principal amount of$95,000,000, (b) accrued but unpaid fees and interest as of the date hereof in an amount no less$510,510, and (c) outstanding letters of credit and amounts guaranteed by the Prepetition Secured Lender or an affiliate thereof in an amount equal to $2,991,000.

Senior Secured Claims means Claims arising under the Senior Secured Credit Agreement and any other Claims that, pursuant to the terms of the Senior Secured Credit Agreement, rank pari passu with and are secured equally and ratably with such Claims.

Senior Secured Claims means Bruce Haber, Comvest Capital Partners, Enable Corp., Jacob Safier, JF Shea Co., Richard S. Cohan, RMC Capital and Robert A. Bacchi, evidenced by, among other things, promissory notes each dated as of July 15, 2002; September 11, 2002; November 4, 2002; and April 29, 2003 in the aggregate principal amount of $1.2 million and a General Security Agreement dated as of July 11, 2002.