Allowed Secured Claim definition

Allowed Secured Claim means an Allowed Claim secured by a Lien, security interest, or other charge against or interest in property in which the Debtor has an interest or that is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value (as specified in the Plan, or if no value is specified, as determined in accordance with Section 506(a) of the Bankruptcy Code) of the interest of a holder of such Allowed Claim in the Debtor's interest in such property or to the extent of the amount subject to such setoff, as the case may be.
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Allowed Secured Claim means all or that portion of a Secured Claim which is an Allowed Claim.
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Allowed Secured Claim means a Secured Claim which is or has become an Allowed Claim.
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Examples of Allowed Secured Claim in a sentence

  • The $8.5 million principal amount of the Allowed Secured Claim is an agreed compromise of the $15 million secured claim arising in favor of the Guarantors under the "Reimbursement and Security Agreement No. 2", dated April 6, 2001.

  • Class C-1.7 consists of all Secured Claims against CCS other than Claims in Classes C-1.1 through C-1.6. Each holder of an Allowed Secured Claim against CCS shall be deemed to be a separate sub-class of Class C-1.7.

  • Class B-1.5 consists of all Secured Claims against CCG other than Claims in Classes B-1.1 through B-1.4. Each holder of an Allowed Secured Claim against CCG shall be deemed to be a separate sub-class of Class B-1.5.

  • Each holder of an Allowed Secured Claim is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan.

  • Class 3(a) consists of the Allowed Secured Claim of The Huntington National Bank.


More Definitions of Allowed Secured Claim

Allowed Secured Claim means an Allowed Claim secured by a lien, security
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Allowed Secured Claim means an Allowed Claim, or that portion thereof, of any creditor of the Debtors who holds a lien or security interest, as those terms are defined in Section 101 of the Code, which Claim has been properly perfected as required by law and determined in accordance with Section 506 of the Code with respect to properties owned by the Debtors. Such Allowed Secured Claim is secured only to the extent of the value of the Debtors' property which the Court finds is subject to a valid security interest of the creditor enforceable against property of the Estate.
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Allowed Secured Claim means that portion of an Allowed Claim which is secured by a valid perfected lien on property of the Debtors, to the extent of the value of the interest of the holder of such Allowed Secured Claim in the property of the Debtors as determined by the Bankruptcy Court pursuant to Bankruptcy Code §506(a), together with interest, fees, costs and charges to the extent allowed by the Bankruptcy Court under Bankruptcy Code §506(b).
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Allowed Secured Claim means a Claim in Class [1A, 1B, or 1C], as
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Allowed Secured Claim means a Secured Claim to the extent it is an Allowed Claim.
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Allowed Secured Claim means an Allowed Claim that is secured by a
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Allowed Secured Claim means all or that portion of any Secured Claim that is or has become an Allowed Claim.
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