Term Loan Deficiency Claims definition

Term Loan Deficiency Claims means the First Lien Term Loan Deficiency Claims and the Second Lien Term Loan Deficiency Claims.
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Term Loan Deficiency Claims means any Claim arising under or related to the Term Loan Documents that is not a secured Claim as determined pursuant to section 506(a) of the Bankruptcy Code.
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Term Loan Deficiency Claims means claims arising from or related to the Term Loan Agreement and the Term Loans as of the Petition Date that are not secured claims pursuant to section 506(a) of the Bankruptcy Code.
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Examples of Term Loan Deficiency Claims in a sentence

  • Other General Unsecured Claims that are not Term Loan Deficiency Claims shall be Allowed or disallowed in accordance with the Claims resolution procedures set forth in this Plan.

  • The Term Loan Deficiency Claims shall be Allowed in the aggregate amount of $318,787,686.

  • Allowance: Term Loan Deficiency Claims shall be Allowed in an amount equal to approximately $38.4 million.

  • The Term Loan Deficiency Claims shall be Allowed in an amount equal to approximately $38.4 million.


More Definitions of Term Loan Deficiency Claims

Term Loan Deficiency Claims means claims arising from or related to the Term Loan Agreement and the Term Loans as of the Petition Date that are not secured claims pursuant to section 506(a) of the Bankruptcy Code. Backstop Commitment Pursuant to the Backstop Commitment Letter, the Initial Consenting Support Parties (in such capacities, the “Backstop Parties”) will, in the allocations set forth on Schedule I to the Backstop Commitment Letter, (a) provide 50% of the DIP Loans and Additional New Term Loans (the amount provided in this (a) being the “Backstop Minimum Allocation”) and (b) provide any DIP Loans and Additional New Term Loans not provided by Eligible Holders. The Backstop Parties will receive, in the allocations set forth in Schedule I to the Backstop Commitment Letter, a backstop premium (the “Backstop Premium”) earned upon execution of the Backstop Commitment Letter in an amount equal to 10% of the aggregate $400 million commitment amount, which Backstop Premium will be paid in New Common Shares issued to the Backstop Parties at the transaction enterprise value of $1,750,000,000 on the Effective Date and which will be subject to dilution by New Common Shares (a) issuable upon exercise of the New Warrants, (b) issued pursuant to the MIP, and (c) otherwise issued by the Reorganized Debtors after the Effective Date, including the Incremental Debt Equity; provided in the event of an Alternative Transaction (as defined in the TSA), the Backstop Premium will be payable as provided in the Backstop Commitment Letter. For the avoidance of doubt, the Backstop Parties shall be entitled to receive New Securities on account of the New Term Loans made pursuant to the conversion of DIP Loans acquired pursuant to the Backstop Minimum Allocation and also for any other New Term Loans made consistent with this Term Sheet.
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Related to Term Loan Deficiency Claims

  • 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.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • First Lien Last Out Loan Any Collateral Obligation that would be a Senior Secured Loan except that, following a default, such Collateral Obligation becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • 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.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • 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.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.