Credit Facility Claims definition

Credit Facility Claims means any Claim against any Debtor with respect to: (a) the Credit Facility and (b) the Credit Agreement entered into pursuant to or in connection with the Credit Facility.

Credit Facility Claims means any Claim against any Company Party with respect to: (a) the Credit Facility and (b) each Finance Document entered into pursuant to or in connection with the Credit Facility.

Credit Facility Claims means any Claim arising under, derived from, based upon, or related to the Credit Documents.

Examples of Credit Facility Claims in a sentence

• Holders of Allowed Credit Facility Claims are entitled to vote to accept or reject the Plan.

• Except as to the Existing First Lien Credit Facility Claims, distributions in respect of Allowed Claims shall be allocated first to the principal amount of such Claims (as determined for federal income tax purposes) and then, to the extent the consideration exceeds the principal amount of the Claims, to any portion of such Claims for accrued but unpaid interest.

• Except as to the Existing First Lien Credit Facility Claims and as otherwise provided in the Plan, holders of Claims or Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date.

• All liens and security interests granted to secure such Allowed Existing First Lien Credit Facility Claims shall be retained until such payments shall have been made.

• On the Effective Date, the New Valaris Holdco Board shall consist of seven members, comprised of (i) the Chief Executive Officer of New Valaris Holdco; (ii) four members nominated by the Ad Hoc Group; and(iii) two members nominated by a majority of Holders by principal amount of Credit Facility Claims.

More Definitions of Credit Facility Claims

Credit Facility Claims means any Claim against any Company Party with respect to:

Credit Facility Claims shall have the meaning set forth in the Plan with respect to each RCF Lender Backstop Party.

Credit Facility Claims means any Claim arising under, derived from, based upon, or related to the Credit Documents, including, for the avoidance of doubt, the DIP Facility Claims.

Credit Facility Claims means any Claim on account of the Credit Facility.

Credit Facility Claims means (a) Permitted Credit Facility Debt; (b) the Credit Facility Cash Management Obligations and the Credit Facility Hedging Obligations, and (c) all other Obligations of the Company and the Guarantors under the documents relating to Indebtedness described in clauses (a) and (b) above.

Credit Facility Claims means (a) Obligations under the Credit Facility (including, for the avoidance of doubt, Obligations in respect of Specified Letters of Credit); (b) the Credit Facility Cash Management Obligations and the Credit Facility Hedging Obligations, and (c) all other Obligations of the Issuer and the Guarantors under the documents relating to Indebtedness described in clauses (a) and (b) above; provided that, notwithstanding the foregoing, if the aggregate principal amount of the Indebtedness (excluding Specified Letters of Credit, Credit Facility Hedging Obligations, Credit Facility Cash Management Obligations and any capitalization of interest and fees on such principal amount that did not initially exceed the Maximum Credit Facility Principal Amount) under the Credit Facility exceeds the Maximum Credit Facility Principal Amount, then all such principal amounts in excess thereof (and any interest on such excess principal amounts) shall not constitute Credit Facility Claims but shall instead constitute Excess Credit Facility Claims.

Credit Facility Claims means the Allowed Claims arising under the Credit Facility, in an aggregate principal amount of $50,000,000.(2)