Prepetition Credit Agreement Deficiency Claims definition

Prepetition Credit Agreement Deficiency Claims means the unsecured Claims arising out of the Prepetition Credit Agreement in an aggregate Allowed amount equal to $737 million.

Prepetition Credit Agreement Deficiency Claims means the Claims of the Prepetition Lenders arising under the Prepetition Credit Agreement that are not Secured Claims.

Examples of Prepetition Credit Agreement Deficiency Claims in a sentence

• For the avoidance of doubt, the Prepetition Credit Agreement Secured Claims and the Prepetition Credit Agreement Deficiency Claims shall be deemed Allowed in the amounts of the Prepetition Credit Agreement Secured Claims and the Prepetition Credit Agreement Deficiency Claims, respectively.

• Class 4 consists of all Prepetition Credit Agreement Deficiency Claims and Hedging Agreement Deficiency Claims.

• The Agents shall have no obligation to recognize any transfer of any Prepetition Credit Agreement Secured Claims, Hedging Agreement Secured Claims, Prepetition Credit Agreement Deficiency Claims, Hedging Agreement Deficiency Claims, or DIP Facility Claims occurring after the close of business on the Distribution Record Date and shall instead be entitled to recognize and deal for all purposes under the Plan with only those Holders of record as of the close of business on the Distribution Record Date.

• A portion of the proceeds from the sale of the Unencumbered Assets that is received by U.S. Holders of Class 4 Prepetition Credit Agreement Deficiency Claims in taxable years following the year of the sale of the assets may be recharacterized as deemed interest payments.