Other Secured Claim definition

Other Secured Claim means any Secured Claim other than an Administrative Claim, Secured Tax Claim, DIP Facility Claim, or Prepetition Credit Agreement Claim.
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Other Secured Claim means a Secured Claim arising prior to the Petition Date against any of the Debtors other than a Lender Secured Claim or a Secured Asbestos Claim.
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Other Secured Claim means a Claim that is secured by a valid, duly perfected lien as of the Petition Date on property in which the Estate has 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 the 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.
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Examples of Other Secured Claim in a sentence

  • Treatment: Paid in full, in cash, on the Effective Date Voting: Unimpaired, not entitled to vote General Unsecured Claims Claims consisting of any prepetition claim against the Company Entities that is not an Administrative Claim, a DIP Claim, a Professional Fee Claim, a Senior Secured Note Claim, a Subordinate Secured Note Claim, an Other Secured Claim, a Priority Tax Claim, or an Other Priority Claim (the “General Unsecured Claims”).

  • N/A Other Secured Claims On the Plan Effective Date, each Holder of an allowed Other Secured Claim, if any, shall receive, in full and final satisfaction of such claims, either (i) payment in full in cash, (ii) delivery of the collateral securing such claim, (iii) reinstatement of such claim, or (iv) such other treatment rendering such claim unimpaired in accordance with section 1124 of the Bankruptcy Code, unless otherwise agreed to by such Holder.


More Definitions of Other Secured Claim

Other Secured Claim means any Secured Claim other than a Prepetition Credit Agreement Claim.
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Other Secured Claim means any Secured Claim against a Debtor, other than a Loan Claim.
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Other Secured Claim means any Secured Claim that is not a Term Loan Claim or a DIP Facility Claim.
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Other Secured Claim means any Secured Claim other than a Secured Tax Claim.
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Other Secured Claim means any Secured Claim other than an Administrative Expense Claim, a Cash Collateral Claim, a Priority Tax Claim, or a Secured Notes Claim.
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Other Secured Claim means any Secured Claim other than the following: (a) an ABL Facility Claim; (b) a Term Loan Facility Claim; (c) a Secured Tax Claim; or (d) a DIP Facility Claim. For the avoidance of doubt, “Other Secured Claims” includes any Claim arising under, derived from, or based upon any letter of credit issued in favor of one or more Debtors, the reimbursement obligation for which is either secured by a Lien on collateral or is subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code.
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Other Secured Claim means any secured Claim, other than a: (a) DIP Credit Agreement Claim; (b) First Lien Claim; or (c) Second Lien Claim.
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