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

  • The Creditor Distribution Trust shall be solely responsible for the administration and distribution process on account of U.S. General Unsecured Claims and Second Lien Lender Claims (which are not entitled to receive any distribution under the Plan), including the establishment of any deadline for the assertion of such claims, the noticing of any such deadline, the review, analysis and reconciliation of any such claims that may be asserted, and distributions on account of such claims.

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

  • The applications of persons who failed to appear for the entrance examination shall be voided and shall be disposed of by the Director of Civil Service.

  • All First Lien Lender Deficiency Claims and Second Lien Lender Claims shall constitute Allowed General Unsecured Claims for all purposes in these Chapter 11 Cases, not subject to defense, offset, counterclaim, recoupment, reduction, subordination or recharacterization by the Debtors or any party in interest.

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

  • 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.

  • 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.

  • 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.

  • Notwithstanding the foregoing, the New Common Stock distributions on account of the First Lien Lender Deficiency Claims and the Second Lien Lender Claims shall be made on the Effective Date.


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

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

  • 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 Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

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

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • 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.

  • Second Lien Debt means the Indebtedness and guarantees thereof now or hereafter incurred pursuant to the Second Lien Loan Documents.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

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

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

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

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

  • First Lien Indebtedness means the Indebtedness under the First Lien Indebtedness Documents.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • First Lien Obligations means, collectively, (i) the Credit Agreement Obligations and (ii) each Series of Other First Lien Obligations.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Second Lien Facility means the second lien term loan facility under 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 Credit Agreement has the meaning set forth in the recitals hereto.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

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