First Lien Adequate Protection Claims definition

First Lien Adequate Protection Claims means the adequate protection Claims granted to the RBL Agent for the benefits of the RBL Lenders pursuant to the DIP Orders.
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First Lien Adequate Protection Claims means the First Lien Superpriority Claims as defined in the DIP Orders.
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First Lien Adequate Protection Claims means, collectively, a superpriority administrative expense claim as provided for in Section 507(b) of the Bankruptcy Code.
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Examples of First Lien Adequate Protection Claims in a sentence

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph 7(a) of this Interim Order (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfy unpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien Prepetition Indebtedness.

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph 7(a) of this Final Order (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfy unpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien Prepetition Indebtedness.

  • Notwithstanding anything to the contrary contained in this Final Order, the First Lien Adequate Protection Liens and First Lien Adequate Protection Claims shall not extend or have recourse to the proceeds of (x) Avoidance Actions against the First Lien Secured Parties or (y) claims and causes of action against the First Lien Secured Parties arising in connection with the Merger (as defined below) or any transaction related thereto.

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph6(a 7(a) of this InterimOrder (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfy unpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien PrepetitionIndebtedness.

  • This Court retains jurisdiction to resolve any dispute with respect to the amount of any Linn First Lien Adequate Protection Claims.

  • The Debtors shall use funds in the Pre-Carve Out Notice Reserve first to pay the obligations set forth in clauses (i) through (iii) of Paragraph6 7(a) of this InterimOrder (but not the Post-Carve Out Notice Cap) and then, to the extent the Pre-Carve Out Reserve has not been rendered zero, to pay any balance to the First Lien Agent to be applied to satisfyunpaid First Lien Adequate Protection Claims (if any) and then to reduce the First Lien Prepetition Indebtedness.

  • The Administrative Agent and the Lenders will receive the treatment provided for Allowed Lender Claims in Article III.B.4 in full and complete satisfaction of the First Lien Adequate Protection Claims held by the Lenders.


More Definitions of First Lien Adequate Protection Claims

First Lien Adequate Protection Claims which claims shall be subject to the priorities set forth on Annex II attached hereto, as applicable; (C) payment of accrued but unpaid pre- and post-petition interest in cash at the Post-Default Rate (as defined in the Prepetition First Lien Credit Agreement) as the same becomes due and payable under the Prepetition First Lien Credit Agreement; (D) the payment of the reasonable and documented out-of-pocket fees and expenses of the Prepetition First Lien Agent and the Consenting First Lien Lenders; provided, however, that the foregoing shall be limited to the pre-petition and post-petition fees and expenses of (i) Xxxx Xxxxxxxx, LLP, as counsel to the Ad Hoc Group of Lenders, (ii) Xxxxxxxx Xxxxx Capital, Inc. (“Xxxxxxxx Xxxxx”), as financial advisor to the Ad Hoc Group of Lenders, (iii) one local counsel to the Ad Hoc Group of Lenders in each required jurisdiction, and (iv) any other attorneys, financial advisors or professionals retained by the Ad Hoc Group of Lenders (including the retention of any such professional made by Xxxx Xxxxxxxx) with the consent of the Borrowers (not to be unreasonably withheld, conditioned or delayed) (collectively clauses (i) through (iv), the “Ad Hoc Group’s Advisors”); (E) the Borrowers shall
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First Lien Adequate Protection Claims has the meaning given to such term in Section 5.2(f) hereof.
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Related to First Lien Adequate Protection Claims

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Prepetition means arising or accruing prior to the Petition Date.

  • DIP means debtor-in-possession.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Postpetition means arising or accruing on or after the Petition Date and before the Effective Date.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • First Lien Security Documents means the Security Documents (as defined in the First Lien Credit Agreement) and any other agreement, document or instrument pursuant to which a Lien is granted or purported to be granted securing any First Lien Obligations or under which rights or remedies with respect to such Liens are governed.