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 has the meaning set forth in the Preliminary Statement.

Examples of Existing Secured Parties in a sentence

• The Existing Secured Parties have agreed to permit the Debtors’ continued use of the Existing RBL Collateral and the Existing Second Lien Collateral, including the Cash Collateral, during the Interim Period, subject to the terms and conditions set forth herein, including the protections afforded a party acting in “good faith” under section 364(e) of the Bankruptcy Code.

• Based on the DIP Motion and on the record presented to this Court at the Interim Hearing, the terms of the proposed adequate protection arrangements, use of the Cash Collateral, and the DIP Facility contemplated hereby are fair and reasonable, reflect the Debtors’ prudent exercise of business judgment consistent with their fiduciary duties, and constitute reasonably equivalent value and fair consideration for the consent of the Existing Secured Parties.

• The Existing Secured Parties are entitled to the adequate protection as set forth herein, including pursuant to section 361, 362, 363, and 364 of the Bankruptcy Code.

• Upon the termination of the security interest in favor of the Existing Secured Parties, to the extent not previously delivered hereunder, each Debtor shall deliver or cause to be delivered to the Collateral Agent the items required by the preceding sentence.

• In light of the subordination of their Liens and superpriority administrative claims to (i) the Carve-Out, in the case of the DIP Secured Parties, and (ii) the Carve-Out and the DIP Liens, in the case of the Existing RBL Secured Parties, each of the DIP Secured Parties and the Existing Secured Parties is entitled to all of the rights and benefits of section 552(b) of the Bankruptcy Code, and, subject to the entry of the Final Order, the “equities of the case” exception shall not apply.

More Definitions of Existing Secured Parties

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

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

Existing Secured Parties means the “Notes Secured Parties” as defined in the Existing Indenture.

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

Existing Secured Parties shall have the meaning provided for the term “Secured Parties” in Appendix A to the Existing Participation Agreement.

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.