Adequate Protection Liens definition

Adequate Protection Liens means any Liens granted in any Insolvency Proceeding to any Secured Party as adequate protection of the Secured Obligations held by such Secured Party.

Adequate Protection Liens has the meaning assigned such term in the DIP Orders.

Adequate Protection Liens means the replacement Liens on all of the Collateral granted to the Prepetition Agent pursuant to the Orders, subject and junior only to the Postpetition Liens, the Non-Primed Liens and the Carve-Out.

Examples of Adequate Protection Liens in a sentence

• The Adequate Protection Liens shall otherwise be senior to all other security interests in, liens on, or claims against any of the Adequate Protection Collateral.

• Subject in all respects to the Carve Out, the ABL Adequate Protection Liens shall not be subject to sections 506(c) (upon entry of the Final Order), 510, 549, 550, or 551 of the Bankruptcy Code.

• The CLMG Adequate Protection Liens shall not be subject to sections 510, 549, 550, or 551 of the Bankruptcy Code.

• The ABL Adequate Protection Liens shall be enforceable against and binding upon the Debtors, their estates and any successors thereto, including, without limitation, any trustee or other estate representative appointed in the Debtors’ Chapter 11 Cases, or any case under chapter 7 of the Bankruptcy Code upon the conversion of any of the Debtors’ Chapter 11 Cases, or in any other proceedings superseding or related to any of the foregoing (each, a “Successor Case”).

• The Adequate Protection Liens, the Adequate Protection Superpriority Claims, the ABL Adequate Protection Payments, and the ABL Adequate Protection Fees and Expenses (each as defined herein) are consistent with and authorized by the Bankruptcy Code.

More Definitions of Adequate Protection Liens

Adequate Protection Liens has the meaning ascribed to such term in the Interim DIP Order or, upon entry of the Final DIP Order, in the Final DIP Order, as applicable.

Adequate Protection Liens. (which are hereby granted to the Prepetition Agent), subject and junior only to the Postpetition Liens, Non-Primed Liens (but only to the extent such Non-Primed Liens were senior in priority to the Prepetition Liens as of the Petition Date) and the Carve-Out. To the extent any Cash Collateral was used by the Borrower prior to the date hereof, but after the Petition Date, the adequate protection provided pursuant to this Interim Order (including, without limitation, the Adequate Protection Liens) shall also apply to provide the Prepetition Agent and the Prepetition Lenders with adequate protection against any diminution in their interests in the Prepetition Collateral resulting from such use of such Cash Collateral prior to the date hereof. Except as provided in this Interim Order with respect to the Postpetition Liens, the Adequate Protection Liens shall not be subject to or pari passu with any Lien on the Postpetition Collateral by any order subsequently entered in the Chapter 11 Cases.

Adequate Protection Liens means the Liens and security interests granted by the DIP Order in all the Postpetition Collateral to secure the Adequate Protection Obligations.

Adequate Protection Liens shall have the meaning provided in the Orders.

Adequate Protection Liens means Wells Fargo Replacement Liens.

Adequate Protection Liens has the meaning assigned to the term “Adequate Protection Liens” in the Interim Order (or the Final Order, when applicable).

Adequate Protection Liens means, collectively, the BGI Term Loan Secured Parties Adequate Protection Liens, the Senior Secured Notes Secured Parties Adequate Protection Liens, and the Equipment Lenders Adequate Protection Liens.