Second Lien Secured Claims definition

Second Lien Secured Claims means any portion of the Second Lien Obligations not constituting a Second Lien Deficiency.

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Second Lien Secured Claims means the Secured Claims, inclusive of principal, fees, and interest, if applicable, accrued through the Effective Date, held by (i) the Second Lien Lenders, and (ii) the holders of Second Lien Notes.

Second Lien Secured Claims means any Claim against any Debtor derived from, based upon, or arising under the Second Lien Credit Agreement and any fees, costs, and expenses that are reimbursable by any Debtor pursuant to the Second Lien Credit Agreement.

Examples of Second Lien Secured Claims in a sentence

• Each Second Lien Creditor acknowledges and agrees that (a) the grants of Liens pursuant to the First Lien Documents and the Second Lien Documents constitute two separate and distinct grants of Liens and (b) because of their differing rights in the Collateral, the Second Lien Secured Claims are fundamentally different from the First Lien Secured Claims and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding.

• The Second Lien Creditors shall not seek in any Insolvency Proceeding to have the Second Lien Secured Claims to be treated as part of the same class of claims as the First Lien Secured Claims and shall not oppose any pleading or motion by the First Lien Creditors for the First Lien Secured Claims and the Second Lien Secured Claims to be treated as separate classes of claims.

• To the extent that the confirmed plan of reorganization does not specify whether the Second Lien Claimholders are receiving any particular distribution, in whole or in part, on account of their Second Lien Deficiency Claims, such distribution shall be conclusively presumed to be on account of their Second Lien Secured Claims.

More Definitions of Second Lien Secured Claims

Second Lien Secured Claims means the Claims held by the Second Lien Lenders, which Claims are secured by second priority liens on and security interests in all of the Debtor’s assets.

Second Lien Secured Claims means any portion of the Second Lien Obligations (other than any portion of the Second Lien Obligation consisting of an allowed unsecured claim under Section 506(a) of the Bankruptcy Code (or any similar provision under any other law governing a Bankruptcy/Liquidation Proceeding)).

Second Lien Secured Claims means any Second Lien Loan Claim against any Debtor that is a Secured Claim which shall be Allowed in amounts equal to the Allowed Second Lien Loan Claims less the Second Lien Deficiency Claims.

Second Lien Secured Claims means the Second Lien Claims to the extent they are Secured Claims.