Second Lien Deficiency Claims definition

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

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.

• Anything herein to the contrary notwithstanding, all distributions on account of Existing Second Lien Secured Claims in Class 5 and Existing Second Lien Deficiency Claims in Class 6, shall, unless the Indenture Trustee agrees otherwise, be made to the Indenture Trustee and shall be subject to the right of the Indenture Trustee to assert its Charging Lien.

• On or before the Effective Date, the Debtors or the Reorganized Debtors, as the case may be, shall execute the Creditor Trust Agreement and take all other necessary steps to establish the Creditor Trust and issue the applicable Series of Class A Units to holders of Allowed General Unsecured Claims against the applicable Debtor, and Class B Units to holders of Allowed Second Lien Deficiency Claims.

• For the avoidance of doubt, General Unsecured Claims include Existing Second Lien Deficiency Claims.

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

More Definitions of Second Lien Deficiency Claims

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

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

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 any Second Lien Term Loan Claim that is not aSecured Claim.

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 the unsecured portion of any Second Lien Claim to the

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.