Examples of Adequate Protection Parties in a sentence
Under the circumstances and given that the above-described adequate protection is consistent with the Bankruptcy Code, including section 506(b) thereof, the Court finds that the adequate protection provided herein is reasonable and sufficient to protect the interests of the Adequate Protection Parties.
Such priming security interest and lien shall be senior in all respects to the interests in such property of the Adequate Protection Parties arising from current and future liens of the Adequate Protection Parties (including, without limitation, adequate protection liens granted hereunder).
Nothing in the Interim Order shall constitute an admission that the Adequate Protection Parties are not entitled to payment under section 506(b) of the Bankruptcy Code.
Nothing herein shall be deemed to waive, modify or otherwise impair the rights of the Adequate Protection Parties under the Existing Agreements, and the Adequate Protection Parties expressly reserve all rights and remedies that the Adequate Protection Parties now or may in the future have under the Existing Agreements and/or applicable law in connection with all defaults and events of default.
Pursuant to section 552 of the Bankruptcy Code, any proceeds of the Pre-Petition Collateral (as defined below) of the Adequate Protection Parties (including, without limitation, the Deposited Funds or any other funds on deposit at the Adequate Protection Parties or at any other institution as of the Petition Date) are cash collateral of the applicable Adequate Protection Parties within the meaning of section 363(a) of the Bankruptcy Code.
Further, the Adequate Protection Parties and the Creditors’ Committee shall receive copies of all reports provided to the lenders pursuant to the Barclays DIP Facility and the Barclays DIP order.
Notwithstanding any other provision hereof, the grant of adequate protection to the Adequate Protection Parties pursuant hereto is without prejudice to the right of the Adequate Protection Parties to seek modification of the grant of adequate protection provided hereby so as to provide different or additional Adequate Protection, and without prejudice to the right of the Debtors or any other party in interest to contest any such modification.
The Adequate Protection Parties are authorized, but not required, to file or record financing statements, intellectual property filings, mortgages, notices of lien or similar instruments in any jurisdiction, take possession of or control over or take any other action in order to validate and perfect the liens and security interests granted to it hereunder.
Notwithstanding anything contained in this Order, the relative lien priorities between the Agent (for the benefit of itself and the Lenders) and the Adequate Protection Parties (if any) pursuant to this Order shall be the same as the relative lien priorities between the Original DIP Agent and the Adequate Protection Parties pursuant to the Original DIP Order.
The applicable Debtors are authorized to execute and deliver promptly to the applicable Adequate Protection Parties or their Representative, as applicable, all such financing statements, mortgages, deeds of trust, notices, and other documents as the applicable Adequate Protection Party may reasonably request.