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 has the meaning assigned to such term in the DIP Order.
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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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Examples of Term Loan Adequate Protection Liens in a sentence

  • Let p be a prime such that τp(A) > 0.∩If p is non critical (i.e. τp(A) = 1), then either τp(S) = τp(S') = 1 and hence Div(S) Div(S') contains the divisible part Div(Ap) of the p-component Ap of A or τp(S) = τp(S') = 0 and neither Div(S) nor Div(S') contains this part.If p is critical, then there are two cases (recall that S is not strongly p-criticalfor any critical prime p):Case 1: τp(S) = 0.

  • 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 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.

  • Notwithstanding anything herein to the contrary, none of the Prepetition Term Loan Adequate Protection Liens or DIP Term Loan Liens shall exist with respect to any ABL Canadian Collateral (as defined by the DIP Intercreditor Agreement).

  • The Adequate Protection package proposed for, and agreed to by, the Prepetition Term Loan Secured Parties includes: (a) Prepetition Term Loan Adequate Protection Liens; (b) Prepetition Term Loan Superpriority Claim; (c) Prepetition Term Loan Adequate Protection Payments; and(d) continued periodic reporting under the Prepetition Term Loan Credit Agreement and other enhanced reporting obligations and access to management of the Debtors no less than once every week.

  • 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.

  • 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 Collateral.

  • Except as provided herein, the Term Loan Adequate Protection Liens shall not be made subject to or pari passu with any lien or security interest heretofore or hereinafter granted 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.

  • 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.

  • No lien or interest avoided and preserved for the benefit of theestate pursuant to section 551 of the Bankruptcy Code shall be pari passu with or senior to the Pre-Petition Liens or the 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 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.

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

  • Term Loan Collateral means all assets, whether now owned or hereafter acquired by any Loan Party, in which a Lien is granted or purported to be granted to any Term Loan Secured Party as security for any Term Loan Obligation.

  • DIP means debtor-in-possession.

  • 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 shall have the meaning provided in Section 3.1(b).

  • Borrower Loan Agreement means this Borrower Loan Agreement.

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

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

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

  • Term Credit Agreement means the Term Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • 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 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.

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;