Replacement Lien definition

Replacement Lien means, with respect to any Lien, any modifications, replacements, refinancings, renewals or extensions of such Lien, provided that (A) the property covered thereby is not increased other than the addition of proceeds, products, accessions and improvements to such property on customary terms, (B) the amount of Indebtedness, if any, secured thereby is not increased unless permitted under Section 4.09 and (C) any modification, replacement, refinancing, renewal or extension of the Indebtedness, if any, secured or benefited thereby is permitted by Section 4.09(b)(4).

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Replacement Lien means the lien granted by the Debtor to the Agent on the stock of FMARC and FMARC II to secure the Debtor's non-recourse guaranty of the Secured Claim Recovery Amount.

Replacement Lien has the meaning specified in Section 7.01(b).

Examples of Replacement Lien in a sentence

In all other circumstances, including whether no plan is confirmed or a competing plan not involving UDC is confirmed, the Agent will retain the Replacement Lien.
Notwithstanding anything to the contrary in the Final DIP Order or in the DIP Facility Documents (as defined in the Final DIP Order), no DIP Facility Lien, Prepetition Lien, Replacement Lien, Permitted Senior Lien, DIP Facility Superpriority Claim, First Lien Administrative Claim or Adequate Protection Payment (each as defined in the Final DIP Order) shall attach to or have any right to payment from the Wind Down Amount.
In consideration of the credit bid equal to the Purchase Price and the Debtor's retention of the Retained Property, the Agent will be granted the Replacement Lien (defined below) to secure the Secured Claim Recovery Amount (defined below).
UDC, the Debtor and the Committee further acknowledge and agree, if, and as long as, UDC services the Owned Loans, that the Owned Loan Servicing Fee will be payable to UDC rather than the Bank Group and will be payable solely from the proceeds of the Owned Loans and the Replacement Lien.
Replacement Lien shall have the meaning ascribed to such term in the Interim Order or the Final Order, as applicable.

More Definitions of Replacement Lien

Replacement Lien means, with respect to any Lien, any modifications, replacements, refinancings, renewals or extensions of such Lien, provided that

Replacement Lien means, with respect to any Lien, any modifications, replacements, refinancings, renewals or extensions of such Lien, provided that (A) the property covered thereby is not changed other than the addition of proceeds, products, accessions and improvements to such property on customary terms, (B) the amount of Indebtedness, if any, secured thereby is not increased unless permitted under Section 4.09 and (C) any modification, replacement, refinancing, renewal or extension of the Indebtedness, if any, secured or benefited thereby is permitted by Section 4.09(b)(4).

Replacement Lien means any lien sold to the Buyer in compensation for a Removed Lien, removed from the list of Sold Liens after the Closing Date, or a Lien sold to the Buyer in compensation for a unenforceable Tax Lien previously sold to the Buyer or in compensation for a lien that the County does not wish the Buyer to foreclose. Replacement lien must be of equal value Buyer paid for Removed Lien, including all accrued interest to date of sale.

Replacement Lien means, with respect to any Lien, any modifications, replacements, refinancings, renewals or extensions of such Lien, provided that (A) the property covered thereby is not increased other than the addition of proceeds, products, accessions and improvements to such property on customary terms, (B) the amount of Indebtedness, if any, secured thereby is not increased unless permitted under the caption “—Limitation on Indebtedness” and (C) any modification, replacement, refinancing, renewal or extension of the Indebtedness, if any, secured or benefited thereby is permitted by clause (b)(4) under the caption “—Limitation on Indebtedness.”

Replacement Lien shall have the meaning set forth in Section 6.1(a)(vii).

Replacement Lien means a post-petition lien provided to a lender covering property acquired by the debtor after the bankruptcy filing. Lenders are often entitled to adequate protection of their interests in collateral, when a debtor proposes to use or sell the collateral. Mayrich has made a secured loan to RM Bakery in the amount of $1,300,000. As part of the financing package, the Debtors are giving Mayrich a replacement lien in the accounts receivable, inventory and accounts in the same priority as Mayrich had prepetition.