First Lien Revolver Claims definition

First Lien Revolver Claims means the Claims against the Plan Debtors derived from or based upon the First Lien Revolving Credit Agreement.
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First Lien Revolver Claims means all Claims against any MACH Gen Entity arising on account of the revolving credit facility made available to MACH Gen pursuant to the First Lien Credit Agreement, and which constitute “First Lien Obligations,” as such term is defined in the Intercreditor Agreement.
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First Lien Revolver Claims means all Claims derived from or based upon the First Lien Revolving Credit Agreement, including default interest, the reasonable and documented out-of-pocket fees and expenses of the First Lien Revolver Agent and its advisors and contingent and unliquidated Claims arising under the First Lien Revolving Credit Facility, all to the extent not previously paid by the Debtors.
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Examples of First Lien Revolver Claims in a sentence

  • All other amounts with respect to the First Lien Revolver Claims have been repaid in full, in Cash, during the Chapter 11 Cases.

  • Class 1A for TOUSA shall consist of the First Lien Revolver Claims against TOUSA.

  • The First Lien Revolver Claims against TOUSA shall be Allowed in the amount of $16,643,322, representing unpaid postpetition interest that accrued on the amounts outstanding under the First Lien Revolving Credit Agreement, including non-default interest and default interest at the full contract rate from the Petition Date through November 21, 2011.

  • For the avoidance of doubt, the Allowed First Lien Revolver Claims against TOUSA shall not be subject to any avoidance, reductions, setoff, offset, recharacterization, subordination (equitable or contractual or otherwise), counter-claim, defense, disallowance, impairment, objection or any challenges under applicable law or regulation.

  • In the event that a Holder of a First Lien Revolver Claim declines to receive its pro rata share of the First Lien Revolver Claims Paydown Amount, such Holder’s portion will be re-allocated pro rata among accepting holders of First Lien Revolver Claims.

  • Accordingly, holders of First Lien Revolver Claims are being provisionally solicited in connection with the Plan.

  • First Lien Revolver Claims are nonetheless classified for purposes of, and will receive the treatment specified in, the Plan, to the extent such Claims remain outstanding as of the Effective Date.

  • For further information on valuation, please refer to Section VII herein entitled, “Projected Financial Information and Valuation Analysis.”Holders of Claims or Interests in Class 3A (First Lien Revolver Claims), Class 3B (First Lien Term Loan Claims), Class 4 (Second Lien Claims), and Class 7(a) (Interests in MACH Gen, LLC) are Impaired under the Plan and therefore entitled to vote to accept or reject the Plan.

  • As discussed below, the First Lien Lenders have agreed to continue providing MACH Gen with access to revolving credit during the Chapter 11 Cases in the form of a debtor-in- possession revolving credit facility of up to $200 million, which MACH Gen intends to use to fund its costs during the Chapter 11 Cases and, subject to Bankruptcy Court approval, repay and permanently reduce the balance of the First Lien Revolver Claims.

  • The Board may review the policy from time to time based on changing needs and aspirations of the target beneficiaries and make suitable modifications, as may be necessary.


More Definitions of First Lien Revolver Claims

First Lien Revolver Claims means Claims against any Debtor arising on account of or based upon the revolving credit facility made available under the First Lien Credit Agreement, including all accrued but unpaid interest, costs, fees, and indemnities, of which there was no amount outstanding as of the Petition Date (excluding the First Lien L/C Claims).
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First Lien Revolver Claims means all Claims against any MACH Gen Entity
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Related to First Lien Revolver Claims

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

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

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

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

  • 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.

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

  • Priority Debt means, as of any date, the sum (without duplication) of (i) Indebtedness of the Company and its Subsidiaries secured by Liens not otherwise permitted by Sections 10.4(a) through (h), and (ii) outstanding unsecured Indebtedness of Subsidiaries not otherwise permitted by Sections 10.3(a) through (d).

  • Term Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Term Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

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

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

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

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