Second Lien Lender Claims definition

Second Lien Lender Claims means the Second Lien Credit Agreement Claims and the Adequate Protection Claims.
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Second Lien Lender Claims means the Secured Claims arising under the Second Lien Credit Agreement. ”Secured Claim” shall mean a Claim that is secured by a Lien on any Asset of the Debtor, or right of setoff, which Lien or right of setoff, as the case may be, is valid, perfected, and enforceable under applicable law and is not subject to avoidance under the Bankruptcy Code or applicable nonbankruptcy law, but only to the extent of the value, pursuant to Section 506(a) of the Bankruptcy Code, of any interest of the holder of the Claim in property of the Estate securing such Claim.
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Second Lien Lender Claims means any and all Claims, including the Second Lien Guaranty Claims, against any of the Debtors arising from or in connection with the Second Lien Loan Documents.
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Examples of Second Lien Lender Claims in a sentence

  • Nothing in the Plan or the Confirmation Order shall release, discharge, or modify the Second Lien Lender Claims.

  • The Second Lien Lender Claims shall be Allowed in the aggregate amount of $101,155,243, plus accrued and unpaid interest as of the Petition Date.

  • Each holder of an Allowed Second Lien Lender Claim shall, on the Distribution Date in full satisfaction of such holders’ Allowed Second Lien Lender Claims against any of the Debtors, receive its Pro Rata Share of 91.75% of the New Common Stock, excluding, for this purpose, shares issuable upon conversion of the New Preferred Stock and shares issuable under the Management Incentive Plan.

  • Class 3 – First Lien Lender Claims, Class 4 – Second Lien Lender Claims, Class 5 – Unsecured Claims and Class 6 – Revel Equity Interests are impaired under the Plan.4.3. Impairment Controversies.

  • Because the Estate lacks sufficient funds to pay the First Lien Lender Claims in full, no Distribution shall be made to the holders of the Second Lien Lender Claims.

  • The Debtors shall consummate the Plan in part by making distributions to holders of (x) First Lien Lender Claims on account of their secured claim as set forth in Section 5.3(a); and (y) Second Lien Lender Claims on account their secured claim against Debtor EPE Holding Corporation as set forth in Section 5.4(a).

  • The Second Lien Lender Claims are secured by a second lien on substantially all of the Debtor’s assets.

  • The Creditor Trustee shall not be responsible for making distributions to holders of Second Lien Lender Claims [Class 6 under the Plan] and U.S. General Unsecured Claims [Class 7A under the Plan] that are not Beneficiaries of the Creditor Trust.

  • Class 4 shall consist of all Second Lien Lender Claims against the Debtors.

  • Class 3 – First Lien Lender Claims, Class 4 – Second Lien Lender Claims and Class 5 – Unsecured Claims are each entitled to vote on the Plan.


More Definitions of Second Lien Lender Claims

Second Lien Lender Claims means any and all claims arising under the Second Lien Credit Agreement or the Second Lien Loans.
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Related to Second Lien Lender Claims

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

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

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Original Closing Date, among Holdings, the Borrower, as borrower, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent, as such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • First Lien Obligations means the Obligations and the Permitted Other Indebtedness Obligations that are secured by Liens on the Collateral that rank on an equal priority basis (but without regard to the control of remedies) with Liens on the Collateral securing the Obligations.

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.