Adequate Protection Obligations definition

Adequate Protection Obligations means the obligations that arise from any decrease in the value of the Prepetition Collateral resulting from (i) the stay, use, sale or lease of such property under Section 363 of the Bankruptcy Code, or (ii) the grant of a Lien under Section 364 of the Bankruptcy Code.

Adequate Protection Obligations shall have the meaning assigned to such term in the DIP Order.

Adequate Protection Obligations means the Loan Parties’ obligations to provide adequate protection to the Prepetition Secured Parties.

Examples of Adequate Protection Obligations in a sentence

• The use of proceeds under the DIP Credit Agreement may be used for: (a) working capital; (b) other general corporate purposes of the Bowater Debtors; (c) payment of any related transaction costs, fees and expenses; (d) the payment of Adequate Protection Obligations; and (e) the costs of administration of these cases.

• The Prepetition Secured Parties are hereby granted in each of the Debtors’ Chapter 11 Cases an allowed, superpriority administrative expense claim (the “Superpriority Claim”) under section 507(b) of the Bankruptcy Code with respect to the Adequate Protection Obligations under subparagraphs (a) and (c) of this Paragraph 6.

• Any Order entered by this Court in relation to the establishment of a bar date for any claim (including without limitation, administrative claims) in any of these Chapter 11 Cases or successor cases shall not apply to the Prepetition Lenders with respect to the Indebtedness and Adequate Protection Obligations.

• Nothing in this Order shall impair, limit, or modify the application of Section 507(b) of the Bankruptcy Code in the event that the adequate protection provided hereunder to the Agent or any of the Lenders or other Prepetition Secured Parties is insufficient to compensate for any Adequate Protection Obligations arising during the Chapter 11 Cases or any Successor Cases.

• Notwithstanding any such stay, modification, reversal or vacation, all use of Cash Collateral and all obligations incurred by the Debtors pursuant hereto prior to the effective date of such stay, modification, reversal or vacation, shall be governed in all respects by the original provisions hereof and the Prepetition Lenders shall be entitled to all the rights, privileges and benefits, including without limitation, the Adequate Protection Obligations granted herein.

More Definitions of Adequate Protection Obligations

Adequate Protection Obligations means all present and future obligations of the Debtors under any order or orders of the Bankruptcy Court to pay interest, fees, costs, expenses and charges on or with respect to the Pre-Petition Obligations under Sections 361 and 506(b) of the Bankruptcy Code.

Adequate Protection Obligations means all present and future obligations of the Debtors under any order or orders of the Bankruptcy Court to pay interest, fees, costs, expenses and charges on or with respect to the Pre-Petition BMO Obligations and the Pre-Petition CoBank Obligations under Sections 361 and 506(b) of the Bankruptcy Code, to compensate the Pre-Petition BMO Lenders and the Pre-Petition BMO Agent for the post-petition use for and to the extent of the post-petition use of Pre-Petition BMO Collateral and proceeds thereof and for any post-petition diminution in value of Pre-Petition BMO Collateral, to compensate the Pre-Petition CoBank Lenders and the Pre-Petition CoBank Agent for the post-petition use for and to the extent of the post-petition use of Pre-Petition CoBank Collateral and proceeds thereof and for any post-petition diminution in value of Pre-Petition CoBank Collateral and to provide the Replacement Liens as contemplated by this Agreement and the Financing Orders.

Adequate Protection Obligations means the Claims and other payment obligations granted or incurred by the Debtors pursuant to the Final Cash Collateral Order, for the benefit of the RBL Lenders, as adequate protection of the RBL Lenders’ interests in the Prepetition Collateral, including the Cash Collateral (each as defined therein).

Adequate Protection Obligations means “Adequate Protection Liens” as defined in the Interim Order or the Final Order, as applicable, 507(b) Claims (as defined in the Interim Order or the Final Order, as applicable) and Adequate Protection Payments.

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

Adequate Protection Obligations 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 Obligations means each of the payments, claims or Liens, if any, granted to the Existing Lenders and described on Schedule 1.