Prepetition First Lien Claim definition

Prepetition First Lien Claim means any Claim of a Prepetition First Lien Lender or its successors or assigns against any of the Debtors under or evidenced by the Prepetition First Lien Loan Documents.
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Prepetition First Lien Claim means any Claim arising under the Prepetition First Lien Loan Agreement and the other Prepetition First Lien Loan Documents, which Claims shall be Allowed Claims under the Plan in the aggregate principal amount of$386,000,000, plus accrued and unpaid interest, fees, expenses and other obligations arising under the Prepetition First Lien Loan Agreement and the other Prepetition First Lien Loan Documents.
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Prepetition First Lien Claim means a claim on account of the Prepetition Credit Agreement or Prepetition First Lien Notes.
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Examples of Prepetition First Lien Claim in a sentence

  • The Prepetition First Lien Claim Documents are genuine, valid, existing, legally enforceable, unavoidable, and admissible in the Cases for all purposes.

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  • If Class 5 votes to accept the Plan, each Holder of an Allowed Class 5 Claim (other than a Holder of an Allowed Prepetition Second Lien Claim who also holds an Allowed Prepetition First Lien Claim and is party to the Restructuring Support Agreement) (such holder, an “Eligible Allowed Class 5 Claim Holder”) shall have the right to elect to receive its Pro Rata share of a $2,102,991 cash pool in lieu of the Class 5 Plan Consideration such holder would otherwise receive under the Plan.

  • The Prepetition First Lien Secured Parties properly perfected their first- priority liens and security interests and other liens in the Prepetition First Lien Collateral as evidenced by, among other things, the Prepetition First Lien Claim Documents, documents held in possession of the Prepetition First Lien Secured Parties, and documents filed and/or recorded with the appropriate state, county, and other offices.

  • Each of the Debtors is indebted and liable under the terms and provisions of the Prepetition First Lien Claim Documents without defense, counterclaim, or offset of any kind, and the Prepetition First Lien Claim remains fully due and owing.

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  • The Prepetition First Lien Claim has matured and the Debtors are in default of their debts and obligations to the Prepetition First Lien Secured Parties under the terms and provisions of the Prepetition First Lien Claim Documents.

  • To the extent not previously accelerated or matured, the filing of these Cases has accelerated the maturity of the Prepetition First Lien Claim for all purposes in these Cases and in connection with the Prepetition First Lien Secured Parties’ enforcement of theirrespective rights and remedies under the Prepetition First Lien Claim Documents and applicable law.

  • Notwithstanding the foregoing, if, after notice and a hearing, the Court later determines that the Prepetition First Lien Claim is undersecured under section 506 of the Bankruptcy Code, all parties reserve the right to seek to recharacterize payments made pursuant to this Final Order upon a motion and after notice and hearing to the Prepetition First Lien Agent and the Prepetition First Lien Secured Parties reserve all rights, defenses, and remedies related thereto.

  • Prior to the exercise of any or all of their other rights and remedies set forth in the Interim Order, Final Order, Prepetition First Lien Claim Documents, and/or DIP Documents, the Agents and/or Lenders must also file a motion for relief from the automatic stay (which motion may be, but is not required to be, filed simultaneously with the Default Notice) and any hearing on such motion for relief from stay shall be heard on no less than five (5) business days’ notice.

Related to Prepetition First Lien Claim

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

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

  • 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.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

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

  • Other First Lien Obligations means (a) the due and punctual payment by any Pledgor of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding) on Indebtedness under any Other First Lien Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations of such Pledgor to any Secured Party under any Other First Lien Agreement, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding), (b) the due and punctual performance of all other obligations of such Pledgor under or pursuant to any Other First Lien Agreement and (c) the due and punctual payment and performance of all the obligations of each other Pledgor under or pursuant to any Other First Lien Agreement.

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

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • DIP means debtor-in-possession.

  • 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.

  • First Lien With respect to any second lien Mortgage Loan, the mortgage loan relating to the corresponding Mortgaged Property having a first priority lien.

  • 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.

  • Priority Lien Cap means, as of any date, the maximum aggregate principal amount of Indebtedness permitted to be incurred by clause (1) of the definition of Permitted Debt. For purposes of this definition, all letters of credit will be valued at the face amount thereof, whether or not drawn.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

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

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

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

  • Priority Lien Obligations means Priority Lien Debt and all other Obligations in respect thereof.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;