First Lien Loan Claims definition

First Lien Loan Claims means any Claim against a Debtor arising under, derived from, secured by, based on, or related to the First Lien Credit Agreement or any other agreement, instrument or document executed at any time in connection therewith.

First Lien Loan Claims means any and all claims arising under the First Lien Credit Agreement or First Lien Loans.

First Lien Loan Claims means, collectively, the Term Loan Claims and the Revolver Claims.

Examples of First Lien Loan Claims in a sentence

• Except to the extent that a Holder of an Allowed First Lien Loan Claim agrees to less favorable treatment, on the Effective Date, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each Allowed First Lien Loan Claim, each Holder of an Allowed First Lien Loan Claim shall receive such holder’s pro rata share of (i) the First Lien Loan Claims Paydown Amount; and (ii) the Exit Facility.

• Class 4 consists of any First Lien Loan Claims against any Debtor.

• Holders of Allowed First Lien Loan Claims are entitled to vote to accept or reject the Plan.

• Class 3 consists of all First Lien Loan Claims against the Debtors.

• On the Effective Date, in exchange for the treatment described herein and as set forth in Article III.C, the First Lien Loan Claims shall be discharged, the Liens on the Collateral (as defined in the First Lien Credit Agreement) shall be released and the First Lien Credit Agreement shall be cancelled and be of no further force or effect.

• For the avoidance of doubt, on the Effective Date, all applicable Holders of First Lien Loan Claims shall be deemed party to the Exit Take Back Term Loan Credit Agreement and the applicable other Exit Take Back Term Loan Documents, in each case, without the need for execution by any party thereto other than Reorganized TNT.

• The First Lien Loan Claims will be deemed Allowed Claims under the Plan in the aggregate amount of accrued and unpaid principal, interest, fees, expenses, and other obligations under the First Lien Loan up to the Effective Date (subject to Bankruptcy Code § 506(b)).

• All licensed staff shall advance one (1) step on the salary schedule each year.

• The First Lien Loan Claims, including both the First Lien Secured Claims and the First Lien Deficiency Claims, shall be Allowed in the aggregate principal amount of $173,395,995, plus any accrued but unpaid interest payable thereon, as calculated in accordance with the First Lien Credit Agreement.

• On the Effective Date (or as soon thereafter as is practicable), Reorganized Aurora will issue, in accordance with the terms of the Plan (including Sections 5.2 and 6.6 thereof), [32] million shares (in the aggregate) of the New Aurora Preferred Stock to the First Lien Loan Administrative Agent for subsequent distribution on a Pro Rata basis to the Holders of Allowed First Lien Loan Claims (or such Holder’s affiliate, as provided for in Plan Section 5.2(b)).

More Definitions of First Lien Loan Claims

First Lien Loan Claims means any and all Claims arising under, derived from, or based upon the First Lien Credit Agreement or any other First Lien Loan Documents, including, without limitation, Claims for any and all Obligations (as defined in the First Lien Credit Agreement), including the Revolving Loan Claims and the Term Loan Claims and excluding, for the avoidance of doubt, any claims or other obligations of the Reorganized Debtors under the Exit Facilities or Exit Facility Loan Documents.

First Lien Loan Claims means any Claim arising under, derived from, or based on the First Lien Loans, other than the DIP Revolving Roll Up Claims.​