Prepetition Lender Secured Claims definition

Prepetition Lender Secured Claims means the secured portion of the Prepetition Loan Agreement Claims, which shall be Allowed in the amount of no less than $24,000,000.
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Prepetition Lender Secured Claims means the claims of the Prepetition Agent and the Prepetition Lenders based upon, evidenced by, arising under or related to the Prepetition Credit Agreement estimated to include, without limitation, (i) outstanding principal amount of term loans of US $76,659,696.92, (ii) outstanding principal amount of revolving loans of US $23,400,000, (iii) the outstanding letter of credit exposure of US $50,000 and CAD $1,000,000, (iv) the outstanding amount under hedge agreements of $1,605,478.79, plus (v) all interest, fees and costs thereunder, all as may be Allowed by the Bankruptcy Court.
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Prepetition Lender Secured Claims means the Secured Claim of OMTAMMOT, LLC, in the current estimated amount of not less than approximately $6.25 million, plus additional interest and fees.
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Examples of Prepetition Lender Secured Claims in a sentence

  • A portion of such recovery on account of the Prepetition Lender Secured Claims will be used by LCPI to fund the General Unsecured Claims Cash Reserve described above.

  • Claims in Class: Class 1 consists of Allowed Prepetition Lender Secured Claims.

  • Allowance: The Prepetition Lender Secured Claims shall be Allowed.

  • Notwithstanding the foregoing, Tenant shall have the right to contest any such lien in good faith, if, within sixty (60) days following the imposition of such lien, Tenant, at no cost to Landlord, posts a bond in the statutory amount sufficient to remove such lien from record, or posts other security reasonably acceptable to Landlord.

  • If the debt underlying the Prepetition Lender Secured Claims constitutes a security, ORX Resources New Equity Interest may qualify for tax treatment as a “recapitalization reorganization”.

  • The Allowed Prepetition Lender Secured Claims shallbe Allowed as Secured Claims in the amount no less than [$ ] against each of the Debtors.

  • If applicable, a U.S. holder’s tax basis in the Prepetition Lender Secured Claims also will be (i) increased by any market discount previously included in income by such U.S. holder pursuant to an election to include market discount in gross income currently as it accrues, and (ii) reduced by any cash payments received on the Prepetition Lender Secured Claims other than payments of qualified stated interest, and by any amortizable bond premium that the U.S. holder has previously deducted.

  • However, a holder of the Prepetition Lender Secured Claims generally would still have to recognize gain (computed as described in the following section), if any, to the extent of the amount of any cash received.

  • In a reorganization exchange, the U.S. holder’s aggregate tax basis in the New Equity Interest received will equal such U.S. holder’s aggregate adjusted tax basis in the Prepetition Lender Secured Claims exchanged therefor, increased by any gain or interest income recognized in the exchange, and decreased by any deductions claimed in respect of any previously accrued but unpaid interest and the amount of any cash received.

  • In the case of a taxable exchange, a U.S. holder’s tax basis in the New Equity Interest received in respect of its Prepetition Lender Secured Claims on the Effective Date should equal the issue price of the fair market value of the New Equity Interest on the Effective Date.


More Definitions of Prepetition Lender Secured Claims

Prepetition Lender Secured Claims means the secured portion of the Prepetition Loan Agreement Claims, which shall be Allowed in the amount of [ ] against the Debtors.
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Prepetition Lender Secured Claims means the portion of the Prepetition Lender Claims that are Secured Claims against Camelot pursuant to Section 506(a) of the Bankruptcy Code.
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Prepetition Lender Secured Claims means any Claims arising under the Prepetition Credit Facilities.
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Related to Prepetition Lender Secured Claims

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

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • 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 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.

  • Other Secured Claims means any Secured Claim against the Debtors that is not an Administrative

  • 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.

  • 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.

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

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

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

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

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

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

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

  • 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.

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

  • 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.

  • Other Secured Claim means any Secured Claim other than an Administrative Claim, Secured Tax Claim, DIP Facility Claim, or Prepetition Credit Agreement Claim.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • 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.

  • Other Priority Claims 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.

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

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

  • 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 Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Borrower”, “Unsecured Creditor”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;