Secured Notes Deficiency Claim definition

Secured Notes Deficiency Claim means any Secured Notes Claim, or portion thereof, that is not Secured.
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Secured Notes Deficiency Claim means any unsecured Claim of a Secured Noteholder arising under the Secured Notes Documents.
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Examples of Secured Notes Deficiency Claim in a sentence

  • In the event of the subsequent disallowance of any Disputed General Unsecured Claims, a holder of a previously Allowed Senior Secured Notes Claim (by reason of the related Senior Secured Notes Deficiency Claim) may have additional gain (if any) and/or imputed interest income in respect of its increased interest in the GUC Litigation Trust.

  • Each holder of an Allowed Senior Secured Notes Deficiency Claim shall receive its Pro Rata share of the Class 8 Distribution.

  • This Stipulation and Order, including the deemed withdrawal of the Ankura Claims pursuant hereto, shall not and is not intended to affect (i) the rights of the Senior Secured Notes Trustee or the holders of Senior Secured Notes Claims or the Senior Secured Notes Deficiency Claim pursuant to the Plan; or (ii) the recoveries on account of the Senior Secured Notes Claims or the Senior Secured Notes Deficiency Claim pursuant to the Plan.

  • Pursuant to Section 4.4 of the Plan, the Senior Secured Notes Deficiency Claim was allowed as a Class 4 Claim in the aggregate principal amount of $250,000,000.

  • Accordingly, for purposes of the tax discussion herein, all references to Allowed Senior Secured Notes Claims is intended to be a collective reference to a holder’s Allowed Senior Secured Notes Claim and related Senior Secured Notes Deficiency Claim.

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  • Upon acceptance of the Plan by Class 5, all holders of Senior Secured Notes Claim shall be deemed to have agreed to forgo any distribution in respect of their Senior Secured Notes Deficiency Claim.

  • Upon acceptance of the Plan by Class 5, all holders of Senior Secured Notes Claim will be deemed to have agreed to forgo any distribution in respect of their Senior Secured Notes Deficiency Claim.

  • The Ankura Claims were superseded by the Plan and the Confirmation Order, which provide that the Senior Secured Notes Claims and the Senior Secured Notes Deficiency Claim are Allowed in the amounts and treated in accordance with the terms set forth therein.

  • Pursuant to the Plan, and in complete and final satisfaction of their Claims, holders of Allowed Senior Secured Notes Claims will receive New Equity Interests and New Second Lien Notes, and in respect of any Senior Secured Notes Deficiency Claim that is an Allowed General Unsecured Claim, a beneficial interest in the GUC Litigation Trust.

Related to Secured Notes Deficiency Claim

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Borrower”, “Unsecured Creditor”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • Second Lien Notes Documents means the Second Lien Notes Indenture, the Second Lien Notes and all other agreements, instruments and other documents pursuant to which the Second Lien Notes have been or will be issued or otherwise setting forth the terms of the Second Lien Notes.

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture, the Senior Secured Notes Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any supplemental indenture, any security document relating to the Senior Secured Notes and/or the Senior Secured Notes Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Senior Secured Notes Trustee means U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee under the Senior Secured Notes Indenture.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Senior Notes Claim means a Claim arising under or as a result of the Senior Notes.

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

  • Senior Notes Trustee means Xxxxx Fargo Bank, National Association, together with its permitted successors and assigns.

  • Senior Unsecured Notes means $2,000,000,000 in aggregate principal amount of the Borrower’s 9.000% senior notes due 2025 issued pursuant to the Senior Unsecured Notes Indenture on the Closing Date.

  • First Lien Notes Indenture means that certain Indenture, dated as of March 15, 2019, by and among Frontier, as issuer, the subsidiary guarantors party thereto, JPMorgan Chase Bank, N.A., as collateral agent, and The Bank of New York Mellon, as trustee, as amended, supplemented, or modified from time to time.

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • Unsecured Notes means the Borrower’s $700,000,000 10.75% Senior Notes due 2023 issued pursuant to the Unsecured Notes Indenture dated as of July 31, 2015.

  • Secured Notes The Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • Senior Unsecured Notes Indenture means the Indenture dated as of July 20, 2011 among Xxxxx Fargo Bank, National Association, as trustee, the Borrower, as issuer, and the guarantors party thereto, as the same may be amended or supplemented from time to time.

  • Senior Secured Note Indenture means the Indenture dated as of November 5, 2009, among the Issuers, the Note Guarantors (as defined therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time;

  • Notes Trustee has the meaning assigned to such term in the Recitals to this Agreement.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Unsecured Notes Indenture means the indenture, dated as of July 31, 2015, by and among the Borrower and Wilmington Trust, National Association, as trustee.

  • Senior Notes Documents means the Senior Notes, the Senior Notes Indenture, the Senior Notes Guarantees and all other documents executed and delivered with respect to the Senior Notes or the Senior Notes Indenture.

  • Second Lien Notes Indenture has the meaning set forth in the recitals hereto.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.

  • Second Lien Noteholders means the holders of Second Lien Notes.