Debtor Assets definition

Debtor Assets means, collectively, all present and future assets, property and undertaking of any Debtor, real and personal, moveable and immoveable, of whatsoever nature and kind and wheresoever situate.
Sample 1Sample 2Sample 3
Debtor Assets means all assets of the Debtor and the Debtor’s Estate prior to the Effective Date, including those in the Litigation Trust.
Sample 1
Debtor Assets means all assets of the Debtor and the Debtor’s Estate prior to the Effective Date.
Sample 1

Examples of Debtor Assets in a sentence

  • To the maximum extent permitted by law, the Junior Creditor waives any claim it might have against the Senior Creditors with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or mistake or oversight whatsoever on the part of any Senior Creditor or their respective directors, officers, employees or agents with respect to any exercise of rights or remedies under the Senior Loan Documents or any transaction relating to the Debtor Assets.

  • For the avoidance of doubt but without limitation, the Senior Creditors shall have the right, in their sole discretion, to exercise or refrain from exercising any powers, remedies or rights which any Senior Creditor may have thereunder and to otherwise deal freely with the Debtors and the Debtor Assets, all without affecting the liabilities and obligations of the Debtors and the Affiliate hereunder.

  • For the avoidance of doubt but without limitation, the Senior Creditors shall have the right, in their sole discretion, to exercise or refrain from exercising any powers, remedies or rights which any Senior Creditor may have thereunder and to otherwise deal freely with the Debtors and the Debtor Assets, all without affecting the liabilities and obligations of the Debtors and the Junior Creditor hereunder.

  • The Senior Creditors shall be entitled to manage and supervise their financial accommodation to the Debtors in accordance with applicable law and as they deem appropriate under the circumstances, without regard to the existence of any rights that the Junior Creditor may now or in the future have in or to any of the Debtor Assets.

  • No Debtor shall grant, and the Affiliate shall not accept or assert, a Lien in favour of the Affiliate or any Person on its behalf over any of the Debtor Assets.

  • No Debtor shall grant, and the Junior Creditor shall not accept, a Lien in favour of the Junior Creditor or any Person on its behalf over any of its Debtor Assets.

  • The Senior Creditors shall be entitled to manage and supervise their financial accommodation to the Debtors in accordance with applicable law and as they deem appropriate under the circumstances, without regard to the existence of any rights that the Affiliate may now or in the future have in or to any of the Debtor Assets.

  • Upon the completion of the liquidation of the Debtor' Assets and distribution of the Available Cash in accordance with the Plan, the duties, powers, responsibilities and rights of Liquidating Agent shall terminate, ipso facto.

  • The Committee shall direct and control the liquidation of the Debtor' Assets and the prosecution of objections to Claims pursuant to the Plan and shall direct, oversee and control all activity of the Liquidating Agent.

  • No Debtor shall grant to or for the benefit of the Junior Creditor, and the Junior Creditor shall not accept, any Lien on any of the Debtor Assets as security for the whole or any part of the Junior Debt.

Related to Debtor Assets

  • Non-Debtor Subsidiaries means all direct and indirect subsidiaries of any Debtor that are not Debtors in the Chapter 11 Cases.

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Debtor Laws means all applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time to time in effect affecting the rights of creditors or debtors generally.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other Extensions of Credit that are receivable by Parent or any of its Subsidiaries (other than the Bank or its Subsidiaries) from the Bank or its Subsidiaries.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Debtors has the meaning set forth in the Recitals.

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Debtor means a person who is liable on a claim.

  • First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor or an Affiliate of a Debtor or any Claim held by an Affiliate of a Debtor against a Debtor.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Intercompany Note any promissory note evidencing loans made by any Grantor to Holdings or any of its Subsidiaries.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests.

  • Transaction Liens means the Liens on Collateral granted by the Credit Parties under the Security Documents.

  • New debtor means a person that becomes bound as debtor under section 9203(4) by a security agreement previously entered into by another person.

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • Non-Debtor Affiliate means any Affiliate of the Debtors that is not a Debtor in the Chapter 11 Cases.