Secured Claim

Example Definitions of "Secured Claim"
Secured Claim. Means and refers to any Claim, to the extent reflected in the schedules or a proof of Claim as a Secured Claim, which is secured by a valid Lien on Collateral to the extent of the value of such Collateral, as determined in accordance with Bankruptcy Code ยง 506(a).
Found in GEM SOLUTIONS, INC. contract
Secured Claim. Shall mean a "secured claim" within the meaning of such term in Section 506(a) of the Bankruptcy Code (as presently in effect).
Found in Applied Natural Gas Fuels, Inc. contract
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