First Lien Lender Claims definition

First Lien Lender Claims means the First Lien Credit Agreement Claims and the Adequate Protection Claims.
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First Lien Lender Claims means the Secured Claims arising under the Loan Documents as defined in the First Lien Credit Agreement.
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First Lien Lender Claims means, collectively, any Claims evidenced by, arising under or in connection with the First Lien Credit Agreement Documents or other agreements related thereto which shall be Allowed in an amount as agreed between the Debtors and the Requisite First Lien Lender Co-Proponents or as determined by the Bankruptcy Court at the Confirmation Hearing.
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Examples of First Lien Lender Claims in a sentence

  • Accordingly, the Debtors and the Ad Hoc Committee believe that pursuant to section 1129(b)(2)(A) of the Bankruptcy Code, the First Lien Lender Claims will be paid in full under the Plan.

  • Notwithstanding anything to the contrary in the Plan, the Distribution Record Date shall mean 5:00 p.m., Central Time, on the Confirmation Date; provided, however, that Citibank and the Indenture Trustees, in their capacity as Third Party Disbursing Agents, may set alternative Distribution Record Dates on or after the Confirmation Date for Distributions to holders of the First Lien Lender Claims and Noteholder Claims.

  • No party to this Plan of Reorganization (including holders of Claims) shall for tax purposes take any position, including in filing any tax return, that the distributions made pursuant to this Plan of Reorganization to the holders of First Lien Lender Claims (other than AG) and to the holders of Second Lien Lender Claims and the issuance of the New RPG Holdings Capital Stock to AG may be treated other than as the Debt Purchase, unless otherwise required by law.

  • Classes 1A, 1B, 1C and 1D consist of all First Lien Lender Claims.

  • On December 10, 2009, Icahn and Beal Bank entered into certain purchase agreements pursuant to which Icahn purchased 51% of the First Lien Lender Claims from Beal Bank for 92.5% of par.

  • In addition, Beal Bank and Icahn entered into an agreement pursuant to which the promissory notes evidencing the remainder of the First Lien Lender Claims, together with cash, equal to the purchase price for the remaining First Lien Lender Claims, were placed in escrow, pending activation of a put/call right negotiated among Beal Bank and Icahn.

  • The Second Lien Agent, on behalf of itself and each applicable Second Priority Secured Party, hereby agrees that it shall not assert or enforce any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of First Lien Lender Claims has occurred.

  • On March 14, 2017, the Bankruptcy Court entered the Stipulation and Agreed Order Regarding Allowed Amount of First Lien Lender Claims in Connection with the Plan (Docket No. 2695) (the “First Lien Claim Stipulation”).

  • Except with respect to the First Lien Lender Claims, to the extent that any Allowed Claim entitled to a distribution under the Plan is comprised of indebtedness and accrued but unpaid interest thereon, such distribution shall be allocated to the principal amount (as determined for federal income tax purposes) of the Claim first, and then to accrued but unpaid interest.

  • Contributed First-Lien Debt means $67,100,000 aggregate principal amount of First Lien Lender Claims held by AG.


More Definitions of First Lien Lender Claims

First Lien Lender Claims means any and all Claims, including the First Lien Guaranty Claims, against any of the Debtors arising from or in connection with the First Lien Loan Documents.
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First Lien Lender Claims means a Claim arising under the Senior Credit Facility and owed to a First Lien Lender, including, without limitation, all accrued andunpaid interest, fees, and expenses, and other obligations owed to a First Lien Lender under the Senior Credit Facility, and any unsecured deficiency portion of such Claim, provided, however, that First Lien Lender Claims do not include any Ancillary Facility Claims, provided further, however, that First Lien Lender Claims do not include any L/C and Guarantee Claims. The First Lien Lender Claim of a First Lien Lender that owns non-US dollar denominated loans and Claims shall be Allowed in US dollars using the exchange rate in effect on the Petition Date.
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First Lien Lender Claims means any and all claims arising under the First Lien Credit Agreement or the First Lien Loans.
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First Lien Lender Claims means all Claims against the Debtors under the First Lien Loan Documents, including the First Lien Lender Secured Claim, the First Lien Lender Adequate Protection Claim, and the First Lien Lender Deficiency Claim.
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First Lien Lender Claims means any and all Claims arising under or in connection with the First Lien Credit Agreement and all documents relating thereto less the amount of any successful credit bid made by the First Lien Lenders pursuant to 11 U.S.C. § 363(k) in connection with a Marina Sale.
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First Lien Lender Claims means all Obligations arising under the First Lien Credit Agreement (including, for the avoidance of doubt, any make-whole amounts and repayment premiums), the Other First Priority Lien Obligations Credit Documents and any other First Lien Lender Documents, whether or not such Obligations constitute Indebtedness, in each case secured by a first-priority Lien on the Common Collateral, including, without limitation, (a) Obligations arising under Secured Hedge Agreements, (b) First Lien Lender Cash Management Obligations and (c) Obligations under any agreement that is an exchange or replacement for or an extension, increase or Refinancing of any First Lien Lender Claims. First Lien Lender Claims shall include (i) all “Obligations”, as defined in the First Lien Collateral Agreement and (ii) all interest, expenses, fees and other amounts accrued or accruing (or that would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant First Lien Lender Documents whether or not the claim for such interest, expenses, fees and other amounts is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding; provided, that any Obligations under the First Lien Credit Agreement in excess of the First Lien Debt Cap (or not permitted to being incurred under the First Lien Debt Cap) shall not be deemed to be First Lien Lender Claims (and shall be deemed to be third priority lien debt of the Company, junior in priority to the Second Priority Claims to the same extent as the Second Priority Claims are to the First Lien Lender Claims).
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Related to First Lien Lender Claims

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

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

  • First Lien Obligations means, collectively, (i) the Credit Agreement Obligations and (ii) each Series of Other First Lien Obligations.

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

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • First Lien Indebtedness means the Indebtedness under the First Lien Indebtedness Documents.

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

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

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • First Lien Debt means the Initial First Lien Debt and any Additional First Lien Debt.

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

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

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

  • Other First Lien Obligations means (a) the due and punctual payment by any Pledgor of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding) on Indebtedness under any Other First Lien Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations of such Pledgor to any Secured Party under any Other First Lien Agreement, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding), (b) the due and punctual performance of all other obligations of such Pledgor under or pursuant to any Other First Lien Agreement and (c) the due and punctual payment and performance of all the obligations of each other Pledgor under or pursuant to any Other First Lien Agreement.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • Priority Lien Obligations means Priority Lien Debt and all other Obligations in respect thereof.

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

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan 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.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Priority Lien Debt has the meaning assigned to such term in the Intercreditor Agreement.