Allowed Senior Notes Claim definition

Allowed Senior Notes Claim has the meaning ascribed to such term in the Plan.

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Allowed Senior Notes Claim has the meaning ascribed to such term in the Plan. “Alternate Transaction” means, except for those transactions contemplated by the VIHI Restructuring, any restructuring, reorganization, merger, consolidation, share exchange, business combination, recapitalization or similar transaction involving the Company or its Subsidiaries comprising at least twenty-five percent (25%) of the Company’s assets on a consolidated basis that is inconsistent with the transactions contemplated by this Agreement or the Rights Offering Sub-Plan; provided, that the Claims Conversion Sub-Plan shall not be an Alternate Transaction if implemented or consummated pursuant to and substantially in accordance with the Plan and not in violation of this Agreement.

Examples of Allowed Senior Notes Claim in a sentence

• The Company will be responsible for effecting the distribution of the Election Forms and any related materials to each holder of an Allowed Senior Notes Claim.

• Holders of Allowed Revolver Claims, Allowed Term Loan Claims, and Allowed Senior Notes Claim (collectively, the “Litigation Trust Beneficiaries”), as provided for in section 5.7 of the Plan, shall be the beneficiaries of the Litigation Trust.

• Mortgagor shall provide Mortgagee with a Certificate of Insurance containing a provision designating the Mortgagee as an additional insured party and providing for not less than thirty (30) days written notice (ten (10) days for cancellation due to failure to pay premiums) to the Mortgagee prior to any material change or cancellation of Liability Insurance.

• Each Holder of an Allowed Senior Notes Claim will be entitled to vote to accept or reject this Plan.

• Each Rights Offering Participant shall be offered the right (collectively, the “Rights”), attached to its respective Allowed Senior Notes Claim or Allowed General Unsecured Claim, to purchase its pro rata share (based on such Rights Offering Participant’s relative share of the total amount of all Allowed Senior Notes Claims and Allowed General Unsecured Claims) of the New Secured Convertible Notes (defined below) for an aggregate purchase price of $43.3 million (the “Rights Offering Amount”).

• On the Effective Date, each holder of an Allowed Senior Notes Claim shall receive, in full and final satisfaction of such Claim, such holder’s Pro Rata share of (i) 91% of the total New Common Shares issued pursuant to this Plan on the Effective Date, subject to dilution by the Rights Offering Equity, the Warrant Equity, the MIP Equity, and the New Common Shares issued pursuant to the Backstop Commitment Premium, and (ii) the Senior Noteholder Subscription Rights.

• Claims, Allowed Term Loan Claims, and Allowed Senior Notes Claim (collectively, the “Litigation Trust Beneficiaries”), as provided for in section 5.7 of the Plan, shall be the beneficiaries of the Litigation Trust.

• Pursuant to the Plan, each holder of an Allowed Senior Notes Claim as of the Record Date (as defined in the 1145 Beneficial Holder Subscription Form) (each such holder, an “1145 Eligible Holder”) has a right to participate in the 1145 Rights Offering, in accordance with the terms and conditions of these 1145 Rights Offering Procedures.

• The Rights shall be attached to each Allowed Senior Notes Claim and each Allowed General Unsecured Claim and shall be transferable with such Allowed claims as shall be set forth in the Rights Offering Procedures (as defined herein).

• Each holder of an Allowed Senior Notes Claim will be entitled to vote to accept or reject the Plan.