Examples of Avoidance Action Proceeds in a sentence
Notwithstanding anything to the contrary contained herein, the Wells Fargo Replacement Liens shall not attach to the Specified Vessel Collateral or the Avoidance Action Proceeds.
Notwithstanding anything to the contrary contained herein, the Fortress Replacement Liens shall not attach to the Specified Vessel Collateral or the Avoidance Action Proceeds.
The DIP Superpriority Claims shall for purposes of section 1129(a)(9)(A) of the Bankruptcy Code be considered administrative expenses allowed under section 503(b) of the Bankruptcy Code, shall be against each DIP Obligor on a joint and several basis, and shall be payable from and have recourse to all DIP Collateral and all other prepetition and postpetition assets and property of the DIP Obligors and all proceeds thereof, including Avoidance Action Proceeds (as defined herein).
The DIP Superpriority Claims shall be payable from and have recourse to all prepetition and postpetition property of the Debtors, other than the Avoidance Action Proceeds.
Except as provided in this paragraph 12, the Trust may not incur additional indebtedness, whether unsecured or secured by any interest (including a security interest) in the Term Loan Avoidance Action or Avoidance Action Proceeds without the prior written consent of the DIP Lenders, except that the Trust may incur expenses in the ordinary course of the Trust’s business provided no lien or right of setoff is attached thereto.