Second Lien Deficiency Claims definition

Second Lien Deficiency Claims means any deficiency Claims held by the Second Lien Lenders or Second Lien Noteholders.

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Second Lien Deficiency Claims means the Second Lien Notes Deficiency Claims and the Second Lien PIK Notes Deficiency Claims.

Second Lien Deficiency Claims means the unsecured portion of any Second Lien Claim to the extent that the value of the Collateral securing such Second Lien Claim is less than the amount of the interest of such Second Lien Claim in such Collateral as determined in accordance with section 506 of the Bankruptcy Code. The Allowed amount of the Second Lien Deficiency Claims, in the aggregate, shall be calculated as the Allowed amount of the Second Lien Claims minus the Allowed amount of the Second Lien Secured Claims. Second Lien Deficiency Claims, if any, shall be General Unsecured Claims.

Examples of Second Lien Deficiency Claims in a sentence

The pro rata calculation of the portion of the General Equity Pool shall be calculated by grouping the Second Lien Deficiency Claims together with the Class 2A claims.
This Loan Agreement shall become effective when it shall have been executed and delivered by Obligor, Agent and Lenders.
Holders of the Second Lien Deficiency Claims, the Senior Notes Claims, and at the Plan Sponsor’s sole option, the Citrus Earn Out Claims, shall be entitled to share pro rata in 17.5 percent of the New Common Equity that shall be issued and outstanding on the Plan Effective Date (the “General Equity Pool”).
Holders of the Second Lien Deficiency Claims shall be entitled to share in the ▇▇▇▇▇▇ Road Supplemental Equity Distribution (as defined below).
Holders of the Second Lien Deficiency Claims, the Senior Notes Claims, and at the Plan Sponsor’s sole option, the Citrus Earn Out Claims, shall be entitled to share pro rata in 17.5 percent (17.5%) of the New Common Equity that shall be issued and outstanding on the Plan Effective Date (the “General Equity Pool”).

More Definitions of Second Lien Deficiency Claims

Second Lien Deficiency Claims means any deficiency Claims held by the Combined Prepetition Second Lien Noteholders.

Second Lien Deficiency Claims means the portion of the aggregate Second Lien Claims that are not Secured Claims.

Second Lien Deficiency Claims. The Second Lien Deficiency Claims shall be allowed in the amount of approximately $56.7 million. •

Second Lien Deficiency Claims means the Second Lien Claims, to the extent they are not Secured Claims, and in which case they shall be General Unsecured Claims.

Second Lien Deficiency Claims means any portion of the First Out Second Lien Claims and the Last Out Second Lien Claims that is not Secured.

Second Lien Deficiency Claims means any Second Lien Term Loan Claim that is not a

Second Lien Deficiency Claims means the unsecured portion of any Second Lien Claim to the