Term Loan Adequate Protection Liens definition

Term Loan Adequate Protection Liens means the Liens upon all of the DIP Collateral granted by the Debtors to the Prepetition Term Loan Agent for the benefit of all the Prepetition Term Loan Secured Parties to the extent there is a diminution in value of the interests of the Prepetition Term Loan Secured Parties in the Prepetition Term Loan Collateral.
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Term Loan Adequate Protection Liens as set forth in the Interim Order, and upon entry of the Final Order, in the Final Order.
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Term Loan Adequate Protection Liens has the meaning assigned to such term in the DIP Order.
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Examples of Term Loan Adequate Protection Liens in a sentence

  • If final judgment is entered, former customers who fail to submit a timely, valid claim form shall be forever barred from receiving any such benefit, but will in all other respects be subject to and bound by the provisions of the settlement agreement, including the release included in that agreement, and the final judgment.

  • The Term Loan Adequate Protection Liens on the Term Priority Collateral (including, for these purposes, any unencumbered assets constituting DIP Collateral that would otherwise constitute Term Priority Collateral) shall be junior and subordinate only to (in the following order): (i) any Permitted Prior Liens, and (ii) the Carve Out.

  • Let Jn be the set of indices i such that µˆn(X(i)) /= µˆ0 (X(i)).

  • For the avoidance of doubt, upon repayment in full in cash of the Prepetition Term Loan Obligations and the occurrence of the Prepetition Term Payoff Date, following the entry of this Interim Order, any and all Prepetition Term Loan Liens (but not the Prepetition Term Loan Adequate Protection Liens, until the Prepetition Term Loan Obligations are Paid in Full) will be irrevocably and automatically terminated, released, and discharged in full, subject to paragraph 47 hereof.

  • Except as provided herein, the Prepetition Term Loan Adequate Protection Liens shall not be made subject to or pari passu with any lien or security interest heretofore or hereinafter in the Cases or any Successor Cases, and shall be valid and enforceable against any trustee appointed in any of the Cases or any Successor Cases, or upon the dismissal of any of the Cases or Successor Cases.

  • Notwithstanding anything to the contrary in this Final Order or in the DIP Documents, the relative priority of each DIP Lien granted in this paragraph 11, the Prepetition Term Liens, the Contingent ABL/FILO Liens, the Prepetition ABL/FILO Adequate Protection Liens, and the Prepetition Term Loan Adequate Protection Liens shall be as set forth in Exhibit A attached hereto; provided that, for the avoidance ofdoubt, each such lien shall be subject and subordinate to the Carve-Out in all respects.

  • FIE asserts that the value of such Assets is fully encumbered by the Term Loan Adequate Protection Liens, which is subject to dispute.

  • The Prepetition Term Loan Adequate Protection Liens shall be senior to all other security interests in, liens on, or claims against any of the DIP Term Loan Parties’ assets.

  • The Term Loan Adequate Protection Liens shall be subject to the Carve-Out and shall otherwise be junior only to: (1) Pre-Petition Priority Liens; (2) the DIP Liens; (3) the Priority Pre-Petition Revolver Indemnity Lien; and (4) the Pre-Petition Revolver Adequate Protection Liens.

  • No lien or interest avoided and preserved for the benefit ofthe estate pursuant to section 551 of the Bankruptcy Code shall be pari passu with or senior to the Prepetition Term Loan Liens or the Prepetition Term Loan Adequate Protection Liens.


More Definitions of Term Loan Adequate Protection Liens

Term Loan Adequate Protection Liens and together with the RBL Adequate Protection Liens, the “Adequate Protection Liens”), which Term Loan Adequate Protection Liens shall be (A) with respect to the DIP Priority Collateral, subject and subordinate only to (1) the Carve Out, (2) the Senior DIP Liens, and (3) the Permitted Prior Senior Liens and (B) with respect to all Other DIP Collateral, shall be subject and subordinate only to (1) the Carve Out, (2) the Permitted Prior Senior Liens, (3) the Prepetition RBL Liens, (4) the RBL Adequate Protection Liens and (5) the Junior DIP Liens.
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Related to Term Loan Adequate Protection Liens

  • Term Loan Claims means the Claims arising in respect of the term facility under the Credit Agreement.

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

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • DIP means (1) the debtor in possession in a chapter 11 case in which no trustee has been appointed and is serving, and (2) the debtor in possession in a chapter 12 case in which the debtor has not been removed under §1204 without reinstatement.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Prepetition Collateral means the collateral securing the Prepetition BP Secured Claim, including, without limitation, the Posted Collateral.

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

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

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

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

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

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Credit Agreements means any promissory note, mortgage, loan agreement, indenture or similar instrument or agreement to which the Company or any of its Subsidiaries is or becomes a borrower, as such instruments or agreements may be amended, restated, supplemented or otherwise modified from time to time and including any one or more refinancing or replacements thereof, in whole or in part, with any other debt facility or debt obligation, for as long as the payee or creditor to whom the Company or any of its Subsidiaries owes such obligation is not an Affiliate of the Company.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time