Examples of Term Loan Deficiency Claim in a sentence
Based on applicable law and the nature of the claims, the Debtors dispute that assertion and believe that the Term Loan Deficiency Claim can be classified with Other General Unsecured Claims and will be prepared to demonstrate the same at the confirmation hearing.
The Creditors’ Committee and certain other creditors assert that the Plan improperly classifies the Term Loan Deficiency Claim with Other General Unsecured Claims.
General Unsecured Claim included any Claim, including the Term Loan Deficiency Claim and the Unsecured Note Claim, other than (a) an Administrative Claim, (b) a Secured Tax Claim, (c) an Other Secured Claim, (d) a Priority Tax Claim, (e) an Other Priority Claim, (f) a Term Loan Secured Claim, (g) a Critical Trade Claim, (h) an Intercompany Claim, or (i) a DIP 303 Id. at 21.
The remaining Claims of the Term Loan Lenders, if any, shall constitute the Term Loan Deficiency Claim and shall be classified in Class 6 but shall not be entitled to receive any distributions on account of such Claims.
To the extent that such distribution is not sufficient to pay the Term Loans Claims in full, any unsatisfied amount shall constitute a Term Loan Deficiency Claim.