First Lien Claims definition

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

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First Lien Claims means any Claim derived from, based upon, or arising under the First Lien Term Loan Facility.

First Lien Claims means the Claims, inclusive of principal, fees and interest accrued through the Effective Date, of the First Lien Lenders arising under the First Lien Facility.

Examples of First Lien Claims in a sentence

• In the event that this Agreement becomes null, void and of no force or effect pursuant to the foregoing sentence, the holders of TCEH First Lien Claims reserve all rights to seek Bankruptcy Court approval of a Taxable Separation or a Spin-Off that includes the Preferred Stock Sale, and EFH and EFIH reserve all rights to object to such transactions.

• Nothing herein shall be construed or interpreted as a stipulation as to the value of the Debtors’ assets, enterprise value, or the collateral securing the First Lien Claims or Second Lien Claims.

• The New Common Stock will be distributed to holders of Allowed First Lien Claims in accordance with this Plan Term Sheet and issued in connection with the Rights Offering and the Backstop Premium.

• First Lien Claims Collectively, the First Lien Notes Claims and the Term Loan Facility Claims.

• Therefore, Holders of Allowed First Lien Claims are not entitled to vote to accept or reject the Plan.

More Definitions of First Lien Claims

First Lien Claims means all Claims against the Debtors arising under the First Lien Loan Documents.

First Lien Claims means all First Lien Revolver Claims and First Lien Term Loan Claims.

First Lien Claims means all claims derived from or based upon the Credit Agreement and First Lien Notes Indenture, including, for the avoidance of doubt, any Prepetition Credit Facility Secured Party’s Prepetition

First Lien Claims means (1) Indebtedness under the Credit Agreement permitted pursuant to clause (1) of the definition of the term “Permitted Debt,” (2) First Lien Hedging Obligations, and (3) all other Obligations under the documents relating to Indebtedness described in clauses (1) and (2) above.

First Lien Claims means, collectively, the First Lien Term Loan Claims, 2023 Stub First Lien Term Loan Claims and the First Lien Notes Claims.

First Lien Claims means all Claims arising under the First Lien Term Loan Credit Agreement, the Claire’s 2019 1L Notes Indenture, the Claire’s 2020 1L Notes Indenture, and the term loans and notes issued pursuant to the foregoing instruments.

First Lien Claims means any Claim on behalf of First Lien Debt.