Loan Claim definition

Loan Claim means any Claim against a Debtor derived from, based upon, or secured by the Prepetition Credit Agreement (other than any such Claim that has been rolled up into the DIP Facility and other than in respect of the Existing Hedges).
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Loan Claim means any Claim on account of the Loans, including, without limitation, all interest, fees and expenses related thereto.
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Loan Claim means, in respect of each Obligor, all claims in excess of R50 000 000 (Fifty Million Rand) that such Obligor has against any Group Company (other than another Obligor) in respect of any shareholder or intercompany loan made by that Obligor to that Group Company and “Loan Claims” means, as the context requires, all of them;
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Examples of Loan Claim in a sentence

  • Second, any remaining balance shall be converted into New Common Stock at the Plan Value (the “Remainder Term Loan Claim Conversion”), subject to dilution by the MIP (as defined below) and the Rights Offering.

  • If a person sells their Shares (and as a result is no longer a Shareholder) then some of the clauses in this Shareholders' Agreement will continue to apply including clause 2 (key Founders and restraint of trade), clause 6 (Shareholders' loans) (to the extent that a former Shareholder retains a Loan Claim), clause 8 (intellectual property), clause 9 (confidentiality and publicity) and clause 12 (resolution of disputes and interpretation).

  • Pursuant to the Capital Access Agreement: The above Loan Claim is permitted in the amount of: .

  • Notwithstanding the above, each holder of an Allowed Prepetition Term Loan Claim that is to receive a distribution under the Plan shall have the sole and exclusive responsibility for the satisfaction and payment of any taxes imposed on such holder by any governmental authority, including income, withholding and other tax obligations, on account of such distribution.

  • Subject to the repayment of the Facilities Repayment Amount, the Seller may freely dispose of the Sold Shares and the Shareholder Loan Claim.

  • DIP Loan Claim Estimated Amount: [$ ] In full satisfaction of the DIP loan claim, the Senior Lenders shall receive a first-priority senior secured term loan against the Debtors in an amount equal to the allowed amount of the DIP loan claim as of the Plan Effective Date.

  • Other Secured Claim Any secured claim that is not an A/R Facility Claim, a First Lien Term Loan Claim, a Second Lien Revolving Loan Claim, a Second Lien Term Loan Claim, a Second Lien Notes Claim, a Third Lien Term Loan Claim, or a Third Lien Notes Claim.

  • Other Secured Claim Any secured claim that is not a First Lien Claim, a Second Lien Revolving Loan Claim, a Second Lien Term Loan Claim, a Second Lien Notes Claim, a Third Lien Term Loan Claim, or a Third Lien Notes Claim.

  • A3 Intercompany Claims On the Plan Effective Date, Claims between Debtors will be Reinstated or released at the election of the Debtors (other than NADL Revolving Loan Claim and the Sevan Second Lien Claim, which shall be treated as set forth in the applicable classes).

  • If the Holders of Allowed Term Loan Claim and the Intermediation Provider cannot agree on an amount of the Insurance Recovery Surcharge within thirty (30) days of receipt of the SOA Priority Business Interruption Insurance Proceeds, the Intermediation Provider may file a motion with the Bankruptcy Court seeking a determination as to the amount of the Insurance Recovery Surcharge.


More Definitions of Loan Claim

Loan Claim has the meaning given to such term in clause 6.2;
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Loan Claim means a claim for the Loan (in full or part) under the terms of this Agreement; "Local Growth Fund" has the meaning given to it in recital B of this Agreement; “Losses” means all damages, losses, liabilities, costs, expenses (including legal and other professional charges and expenses which have been incurred) and charges whether arising under statute, contract or at common law, or in connection with judgments, proceedings , internal costs or demands; “Match Funding” means the private and/or public sector contribution to the Project to meet the balance of Eligible Expenditure not supported by the Loan and as set out in the Project Specific Conditions; “Material Breach” means a breach of this Agreement (including an anticipatory breach) which is not minimal or trivial in its consequences including but not limited to the occurrence of any of the following: (a) any information given or representation made by the Borrower in the Application or in any correspondence, report or other document submitted to the Council and/or the LEP relating to the Project or under this Agreement is found to be incorrect or incomplete to an extent which the Council considers to be material; (b) any fraud has been committed by the Borrower and/or its employees in connection with the Project; (c) a breach of the warranties by the Borrower contained in and given pursuant to this Agreement; (d) the Borrower fails to materially comply with the terms and conditions of this Agreement; or (e) the activities carried out by the Borrower are distinct or different from the description set out in the Application having regard also to the intended function of the Project Activities and the end beneficiaries of the Project; “Outputs” means the outputs and results for the Project identified and detailed in Schedule 3 (Project Outputs) to this Agreement; “Not Eligible” means expenditure on the Project that is not Eligible Expenditure; “Ownership, Control Nature of Business” and shall be construed in accordance with section 840 of the Income and Corporation Taxes Act 1988 and section 1162 of the Companies Act 2006 and for the avoidance of doubt shall include an evaluation of dominant influence and shadow directorships in the Borrower from time to time; “Parties” means the Council and the Borrower and "Party" shall be construed accordingly; “Plan” means the plan of Schedule 5 (The Plan); the Site attached at “Project” means the project at [INSERT OVERVIEW OF PROJECT] as fully described in the Appli...
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Loan Claim means any Claim against a Debtor derived from, based upon, or secured by the Prepetition Credit Agreement (other than any such Claim that has been rolled up into the DIP Facility).
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Loan Claim means a claim for the Loan (in full or part) under the terms of this Agreement; "Local Growth Fund" has the meaning given to it in recital B of this Agreement;
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Loan Claim means any Claim on account of the Loans plus accrued interest through the Effective Date at the default rate, as well as any other fees, expenses, or other obligations owed to the Senior Secured Parties under the Loan Agreement, the Hedging Agreements, and any related documents.
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Loan Claim means a claim of a Shareholder against Katla on loan account;
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Related to Loan Claim

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • 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.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

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

  • DIP Claim means any Claim arising under, derived from or based upon the DIP Facility or DIP Orders, including the DIP Exit Backstop Premium and the guarantees in respect thereof under the DIP Facility Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under or related to the DIP Facility.

  • Clean Claim means a claim that:

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Unsecured Claim means any Claim that is not a Secured Claim.

  • First Lien Last Out Loan means a loan that, prior to an event of default under the applicable Related Contract, is entitled to receive payments pari passu with other senior secured loans of the same Obligor, but following an event of default under the applicable Related Contract, such Collateral Loan becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • Allowed Secured Claim means an Allowed Claim secured by a lien, security interest or other charge against property in which the Estate has an interest, or which is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value, determined in accordance with Section 506(a) of the Bankruptcy Code, of the interest of the holder of such Allowed Secured Claim in the Estate's interest in such property, or to the extent of the amount subject to any setoff, as the case may be.

  • Fee Claim means a Claim for Accrued Professional Compensation.

  • Parity Obligation means any instrument or other obligation issued or entered into by the Issuer that constitutes or qualifies as Additional Tier 1 Capital (or its equivalent) under applicable Capital Regulations or any instrument or other obligation issued, entered into, or guaranteed by the Issuer that ranks or is expressed to rank pari passu with the Capital Securities by operation of law or contract, which for the avoidance of doubt, excludes any Junior Obligations of the Issuer.

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • Tax Claim has the meaning set forth in Section 6.05.

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Term Loan Collateral means all assets, whether now owned or hereafter acquired by any Loan Party, in which a Lien is granted or purported to be granted to any Term Loan Secured Party as security for any Term Loan Obligation.

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