ALPA Notes definition

ALPA Notes means the senior unsecured notes in an aggregate principal amount not to exceed $650,000,000 to be issued by the Borrower for the benefit of the Air Line Pilots Association in accordance with the Plan of Reorganization and the Bankruptcy Restructuring Agreement referred to therein.
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ALPA Notes means the senior unsecured notes in an aggregate principal amount not to exceed $650,000,000 to be issued by the Borrower for the benefit of the Air Line Pilots Association in accordance with the Plan of Reorganization and the Bankruptcy Restructuring Agreement referred to therein. “Amex” shall mean American Express Travel Related Services Company, Inc. “Applicable Margin” shall mean a rate per annum equal to (i) 2.25% in the case of ABR Loans and (ii) 3.25% in the case of Eurodollar Loans. “Appraisal Report” shall mean an appraisal in form and substance reasonably satisfactory to the Administrative Agent and prepared by the Appraisers or the Real Estate Appraiser, as applicable, which certifies, at the time of determination, the Appraised Value of the applicable Appraised Collateral. “Appraised Collateral” shall mean Collateral that is Mortgaged Collateral, Primary Routes, Appraised FAA Slots, Flight Simulators, Tooling, Ground Support Equipment, Real Property Assets or any other individual asset that, in each case is included in an Appraisal Report. “Appraised FAA Slots” shall mean FAA Slots that are included in an Appraisal Report. “Appraised Value” shall mean (a) in the case of Appraised Collateral, the fair market value thereof as reflected in the most recent Appraisal Report obtained in respect of such Collateral or assets in accordance with this Agreement; provided that, with respect to Mortgaged Collateral, “Appraised Value” shall mean the average of the Appraised Value (as otherwise calculated pursuant to this definition) reflected in the Appraisal Reports obtained from three separate Appraisers with respect to such Collateral and (b) in the case of Eligible Accounts Receivable, Eligible Accounts Receivable, as reflected in the most recent Officer’s Certificate delivered pursuant to Section 5.01(n), each such value referred to in this definition to be (A) determined in a manner reasonably satisfactory to the Administrative Agent and (B) subject to
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Examples of ALPA Notes in a sentence

  • The net Cash proceeds from the New Equity Investment Rights Offering may be used by Reorganized Delta for any purpose, including, to pay Cash to the Initial Holder (as defined in the Bankruptcy Restructuring Agreement) and PBGC in lieu of the New Delta ALPA Notes and the New Delta PBGC Notes, respectively.

  • No later than 120 calendar days after the Effective Date, Reorganized Delta shall issue the New Delta ALPA Notes, as and to the extent set forth in the Bankruptcy RestructuringAgreement; provided, however, that pursuant to the Bankruptcy Restructuring Agreement and Section 11.14 of this Plan, Reorganized Delta may distribute to the Initial Holder (as defined in the Bankruptcy Restructuring Agreement) Cash in lieu of all or any portion of the New Delta ALPA Notes.

  • The PBGC Notes are prepayable without penalty at any time with cash prior to their issuance and the Reorganized Debtor is required to do so on a pro rata basis to the extent that cash replaces all or a portion of the ALPA Notes.

  • The ALPA Notes are prepayable without penalty at any time with cash prior to their issuance.

  • No later than 120 calendar days after the Effective Date, Reorganized Delta shall issue the New Delta ALPA Notes, as and to the extent set forth in the Bankruptcy Restructuring Agreement; provided, however, that pursuant to the Bankruptcy Restructuring Agreement and Section 11.14 of the Plan, Reorganized Delta may distribute to the Initial Holder (as defined in the Bankruptcy Restructuring Agreement) Cash in lieu of all or any portion of the New Delta ALPA Notes.

  • Upon issuance, an interest rate shall be determined to ensure that the ALPA Notes trade at par.

  • The New Delta ALPA Notes will be senior unsecured notes with an aggregate principal amount of up to $650 million that will be issued as set forth in and pursuant to the terms of the Bankruptcy Restructuring Agreement Delta entered into with ALPA.

  • No later than 120 calendar days after the Effective Date, Reorganized Delta shall issue the New Delta ALPA Notes, as and to the extent set forth in the Bankruptcy Restructuring Agreement; provided, however, that pursuant to the Bankruptcy Restructuring Agreement and Section 11.14 of this Plan, Reorganized Delta may distribute to the Initial Holder (as defined in the Bankruptcy Restructuring Agreement) Cash in lieu of all or any portion of the New Delta ALPA Notes.

  • Debt securities to be issued to ALPA are $650 million Senior Unsecured Notes ( ALPA Notes ), which will be issued no later than 120 days following the Effective Date.

  • See Section 4.3(g)(2) for more information regarding the New Delta ALPA Notes and Section 4.3(i) for more information regarding the New Delta PBGC Notes.

Related to ALPA Notes

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • B Notes means each of Note B-1 and Note B-2.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Series D Notes is defined in Section 1.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Series C Notes is defined in Section 1.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Series B Notes is defined in Section 1.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • Series A Notes is defined in Section 1.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Class B Notes has the meaning assigned to such term in the Indenture.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Seller Notes means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred or contingent obligation.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Notes shall have the meaning assigned to such term in the recitals.