Prepetition Lender Deficiency Claim definition

Prepetition Lender Deficiency Claim means the Stipulated Deficiency Claim, as such term is defined in the Prepetition Lender Settlement.
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Prepetition Lender Deficiency Claim means an amount equal to (X) the Allowed amount of the claims of the Prepetition Lenders, currently estimated at $434 million including accrued but unpaid fees and interest minus (Y) as of the Effective Date, the Estimated Recovery Value of the Subclass 3A Recovery, such amount to be determined by agreement of the Prepetition Lenders, the Reorganizing Debtors and the Committee, or by order of the Court.
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Prepetition Lender Deficiency Claim means any Unsecured deficiency Claim arising under the Prepetition Credit Agreement.
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Examples of Prepetition Lender Deficiency Claim in a sentence

  • As explained in greater detail below, the Prepetition Lenders would accept a Distribution under the Reorganization Plan in connection with their Allowed Secured Claim while waiving any Distribution with respect the Prepetition Lender Deficiency Claim and also waiving any Distribution under the Liquidation Plan.

  • In the event that the parties to the 9.25% Adversary Proceeding reach a settlement to their dispute, the Distributions made to each holder of an Allowed Class 6 Claim (other than a Class 6 Claim consisting of a 9.25% Deficiency Claim or a Prepetition Lender Deficiency Claim) shall be subject to adjustment and modification in accordance with the provisions of that settlement.

  • Each Holder of an Allowed Prepetition Lender Deficiency Claim shall receive, on account of such Claim, its Ratable Share of shares of New Common Stock in an amount equal to the product of the Unsecured Claim Common Stock Distribution Ratio and the sum of the Allowed Prepetition Lender Deficiency Claims and the Allowed Subordinated Debenture Claims.

  • As explained in greater detail below, the Prepetition Lenders would accept a Distribution under the Second Reorganization Plan in connection with their Allowed Secured Claim while waiving any Distribution with respect the Prepetition Lender Deficiency Claim and also waiving any Distribution under the Second Liquidation Plan.


More Definitions of Prepetition Lender Deficiency Claim

Prepetition Lender Deficiency Claim means the balance of the Prepetition Lender Claim that is not treated under this Plan as a Prepetition Lender Secured Claim, and which shall be an Allowed Claim under this Plan in Class U1.
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Prepetition Lender Deficiency Claim means any portion of the Prepetition Lender Claim constituting a general unsecured claim under section 506(a) of the Bankruptcy Code.
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Prepetition Lender Deficiency Claim means any Unsecured deficiency Claim arising under the Prepetition Credit Documents, which is hereby deemed an Allowed Class 4 General Unsecured Claim against each Debtor and which the Prepetition Lenders, with the consent of the Debtors, have agreed to limit to $[ ], solely for purposes of voting and distributions with respect to Class 4.
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Prepetition Lender Deficiency Claim means any Unsecured deficiency Claim arising under the Prepetition Credit Documents, which is hereby deemed an Allowed Class 4 General Unsecured Claim against each Debtor.
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Prepetition Lender Deficiency Claim means any portion of the obligations of the Debtors under the Prepetition Credit Agreement that is undersecured pursuant to the provisions of section 506 of the Bankruptcy Code.
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Related to Prepetition Lender Deficiency Claim

  • 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.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

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

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

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

  • 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.

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

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

  • 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.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • 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.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

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

  • 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.

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

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

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

  • 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.

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

  • DIP means debtor-in-possession.

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

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.