Prepetition Second Lien Claim definition

Prepetition Second Lien Claim means any Claim of a Prepetition Second Lien Secured Party or its successors or assigns against any of the Debtors under or evidenced by the Prepetition Second Lien Documents.
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Prepetition Second Lien Claim means any Claim arising under or relating to Prepetition Second Lien Loan Agreement and the other Prepetition Second Lien Loan Documents, which Claims shall be Allowed Claims under the Plan in an aggregate principal amount of $85,000,000, plus accrued and unpaid interest, fees, expenses and other obligations arising under the Prepetition Second Lien Loan Agreement and the other Prepetition Second Lien Loan Documents.
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Examples of Prepetition Second Lien Claim in a sentence

  • The Prepetition Second Lien Claim has a stated maturity date of November 27, 2020 and the Debtors are in default of their debts and obligations to the Prepetition Second Lien Secured Parties under the terms and provisions of the Prepetition Second Lien Claim Documents.

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

  • As a condition precedent to receiving any distribution on account of its Allowed Claim, each record Holder of a Prepetition First Lien Claim or Prepetition Second Lien Claim shall be deemed to have surrendered the certificates or other documentation underlying each such Claim, and all such surrendered certificates and other documentations shall be deemed to be canceled pursuant to ARTICLE V.N and ARTICLE V.O of the Plan, except to the extent otherwise provided in the Plan.

  • The Prepetition Second Lien Secured Parties’ liens on and security interests in the Prepetition Second Lien Collateral were granted pursuant to, inter alia, the Prepetition Second Lien Claim Documents.

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

  • They should check all control area signage when traversing the route and ensure that it matches the supplied road book/route information.

  • The Prepetition Second Lien Claim is secured by perfected, second-priority liens on and security interests in (collectively, the “ Second Priority Prepetition Liens”) thePrepetition First Lien Collateral (collectively, and for the avoidance of doubt, including the Cash Collateral (as defined below), the “Prepetition Second Lien Collateral”), which Second PriorityPrepetition Liens are junior in priority and subordinate to the First Priority Prepetition Liens.

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

  • As a condition precedent to receiving any distribution on account of its Allowed Claim, each record Holder of a Prepetition First Lien Claim or Prepetition Second Lien Claim shall be deemed to have surrendered the certificates or other documentation underlying each such Claim, and all such surrendered certificates and other documentations shall be deemed to be canceled pursuant to ARTICLE V.N and ARTICLE V.O hereto, except to the extent otherwise provided herein.

Related to Prepetition Second Lien Claim

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

  • 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 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.

  • 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.

  • 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.

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

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

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

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

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

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

  • 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.

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

  • Second Lien Facility means the second lien term loan facility under the Second Lien Credit Agreement.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

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

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

  • 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.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

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

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

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

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

  • 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;