Prepetition Lender Deficiency Claims definition

Prepetition Lender Deficiency Claims means, collectively, the Unsecured portion of the Prepetition Loan Facility Claims representing the difference between the total amount of the Prepetition Loan Facility Claims and the Prepetition Lender Secured Claims, which Deficiency Claims shall not be less than $5,000,000, for purposes of voting on this Plan and Plan Distributions upon Class 4 Claims.
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Prepetition Lender Deficiency Claims means, collectively, the unsecured portion of the Prepetition Loan Agreement Claims representing the difference between the total amount of the Prepetition Loan Agreement Claims and the Prepetition Lender Secured Claims.
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Prepetition Lender Deficiency Claims means the sum of (i) that portion of the Prepetition Lender Claim that exceeds the value of the collateral securing such Claims, and (ii) all Claims by the Prepetition Lender for advancements made by the Prepetition Lender to the Debtors to protect the collateral securing the Prepetition Facility.
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Examples of Prepetition Lender Deficiency Claims in a sentence

  • Each Prepetition Lender shall retain in full its Prepetition Lender Deficiency Claims for purposes of recovery and distributions provided for with respect to Class 4 Claims.

  • The Lenders have agreed to unconditionally, irrevocably, and forever waive all rights of distribution they would otherwise be entitled to on account of their Prepetition Lender Deficiency Claims, which are substantial.

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  • Claims in Class: Class 3 consists of all Allowed Unsecured Claims against each Debtor, including the Prepetition Lender Deficiency Claims, but excluding Allowed Trade Claims and the Angelo Gordon Claim.

  • The Holders of the Prepetition Lender Deficiency Claims shall, on the Effective Date, make the Prepetition Lender Trust Contribution to the Creditors Trust of the beneficial interests received by the Holders of the Prepetition Lender Deficiency Claims on account of the treatment of Class 4 Claims.

  • The Warrants received by the Holders of the Prepetition Lender Deficiency Claims on account of the treatment of Class 4 Claims shall be deemed contributed back to the Reorganized Debtors by the Holders of the Prepetition Lender Deficiency Claims on a date determined by the Prepetition Lenders in their sole discretion.

  • To determine (i) the amount of the Class 1 Prepetition Lender Claims (under Section 506(a)) and (ii) the amount of the aggregate Prepetition Lender Deficiency Claims, the Debtors have engaged Seaport to prepare a valuation analysis in Exhibit G to this Disclosure Statement (“Valuation Analysis”).

  • Each Holder of an Allowed Class 3 General Unsecured Claim shall receive its Pro Rata share of (determined exclusive of Prepetition Lender Deficiency Claims but inclusive of the Class 4 Claims and in each case without interest) of (i) the beneficial interests in the Falcon Creditors Trust and (ii) the Class 3 Warrant Share.

  • Confirmation shall, without any further action by the Bankruptcy Court or any Person or Entity, constitute (i) the subordination of the Allowed Class 4 Angelo Gordon Claims to the Class 3 Prepetition Lender Deficiency Claims and (ii) the transfer by the Holders of Allowed Class 4 Claims of the recovery/distribution under this Section to the Holders of the Prepetition Lender Deficiency Claims.

  • If this section 3.03(b)(iii) applies, the Prepetition Agent and the Prepetition Lenders shall waive any right to recovery on account of the Prepetition Lender Deficiency Claims and the Prepetition Lender Adequate Protection Claim.


More Definitions of Prepetition Lender Deficiency Claims

Prepetition Lender Deficiency Claims means the portion of the Prepetition Lender Claims that are General Unsecured Claims against Camelot pursuant to Section 506(a) of the Bankruptcy Code.
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Prepetition Lender Deficiency Claims means the sum of (i) the Claims of the Prepetition Lender arising under the Prepetition Facility, but excluding the Prepetition Lender Claims, and (ii) all Claims by the Prepetition Lender for unsecured advancements made by the Prepetition Lender to the Debtors prior to the Petition Date.
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Related to Prepetition Lender Deficiency Claims

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

  • 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 means arising or accruing prior to the Petition Date.

  • 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.

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

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

  • 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.

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

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

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

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

  • Administrative Claims means Claims that have been filed timely and properly before theAdministrative Claims Bar Date set forth in the Confirmation Order (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b), or 1114(e)(2) of the Bankruptcy Code, including, without limitation: the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (such as wages, salaries or commissions for services and payments for goods and other services and leased premises). Any fees or charges assessed against the Estates under section 1930 of chapter 123 of title 28 of the United States Code are excluded from the definition of Administrative Claims and shall be paid in accordance with Article V.N of the Plan. Notwithstanding anything to the contrary in this Plan, the filing of an Administrative Claim shall not be required in order to receive payment for any tax liability described in sections 503(b)(1)(B) and (C) in accordance with section 503(b)(1)(D) of the Bankruptcy Code.

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

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

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

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

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

  • DIP means debtor-in-possession.

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

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

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

  • 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 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.