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

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

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

  • Priority Debt means, at any time, without duplication, the sum of (i) Indebtedness or other liabilities or obligations of the Company or any Subsidiaries secured by Liens (other than Liens permitted under clauses (a) through (h) of Section 10.2 and any Equal and Ratable Liens), plus (ii) Indebtedness of Subsidiaries of the Company other than Indebtedness permitted under clauses (a) through (h) of Section 10.1.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

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

  • DIP means debtor-in-possession.

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