Existing Secured Parties definition

Existing Secured Parties means the “Secured Parties” as defined in the Security Agreement.

Existing Secured Parties means the holders of the Existing 10% Notes, the Revolving Credit Facility Secured Parties and any other Person identified as a secured party under the Existing Collateral Documents other than any Additional Creditors (as defined in the Existing Intercreditor Agreements) that were not parties thereto immediately prior to the date hereof.

Existing Secured Parties means, collectively, the Trustee and the Existing Holders.

Examples of Existing Secured Parties in a sentence

• Nothing in this Final Order, any of the DIP Credit Documents, or any other documents related thereto shall in any way be construed or interpreted to impose or allow the imposition upon the DIP Secured Parties or the Existing Secured Parties of any liability for any claims arising from any activities by the Debtors in the operation of their businesses or in connection with the administration of these Chapter 11 Cases.

• The Existing Secured Parties have consented, or are deemed to have consented, pursuant to the Intercreditor Agreements, as applicable, to (i) the financing arrangements contemplated by this Final Order and the DIP Credit Documents and (ii) Debtors’ proposed use of Cash Collateral, on the terms and conditions set forth in this Final Order, and such consent is binding on all Existing Secured Parties.

• The Intercreditor Agreement shall have been terminated by a writing signed by all of the parties thereto, and all liens on assets of the Borrowers securing indebtedness of the Borrowers to the Existing Secured Parties shall have been released.

• For the avoidance of doubt, the rights of the Existing Secured Parties, Debtors, the Creditors’ Committee and all other parties in interest in respect of whether any Diminution in Existing FLLO Collateral Value has occurred and the extent of any such diminution in value are reserved.

• Nothing herein shall prevent the Existing Secured Parties from seeking additional adequate protection to the extent permitted by law or to the extent permitted in the Intercreditor Agreements, as applicable.

More Definitions of Existing Secured Parties

Existing Secured Parties has the meaning set forth in the Preliminary Statement.

Existing Secured Parties means Persons defined as “Secured Parties” under the Existing Credit Documents in effect immediately prior to the Closing Date.

Existing Secured Parties means, from and after the date hereof, the Secured Parties other than Sumitomo.

Existing Secured Parties means, collectively, the following (and their respective predecessors, successors and assigns): (a) Blue Ridge Asset Funding Corporation, a Delaware corporation; (b) Wachovia Bank, National Association in its capacity as Administrator under the Existing Securitization Facility; and (c) North American Capacity Insurance Company, as Insurer under the Existing Securitization Facility.

Existing Secured Parties means the Secured Parties, as such term is defined in the Existing Credit Agreement.

Existing Secured Parties means, collectively, the Senior Creditors and the Subordinated Lenders;

Existing Secured Parties means, collectively, and without duplication, (a) the holders of the Existing 10% Notes, (b) the Tranche A Secured Parties, (c) the Tranche B Secured Parties and (d) the Tranche C Secured Parties.