Combined Prepetition Second Lien Noteholders definition

Combined Prepetition Second Lien Noteholders means the Prepetition Second Lien Noteholders and the Prepetition Second Lien PIK Noteholders.
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Combined Prepetition Second Lien Noteholders and the undersigned Prepetition Second Lien PIK Noteholders, together with their respective successors and permitted assigns and any subsequent Prepetition Second Lien PIK Noteholder that becomes party hereto in accordance with the terms hereof, the “Consenting Second Lien PIK Noteholders”, and combined with the Consenting Second Lien Noteholders, the “Combined Consenting Second Lien Noteholders”, and together with the Consenting Term Loan Lenders, the “Consenting Creditors”) under that certain Indenture for the 10% Second Lien Senior Secured PIK Notes due 2021 dated as of September 27, 2016 (as amended or
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Combined Prepetition Second Lien Noteholders means the Prepetition Second
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Examples of Combined Prepetition Second Lien Noteholders in a sentence

  • The Debtors are commencing this solicitation after extensive discussions over the past several months among the Debtors and certain of their key creditor constituencies, including the holders of the fulcrum security, the Combined Prepetition Second Lien Noteholders.

  • On the Effective Date, the Combined Prepetition Second Lien Noteholders will receive New Second Lien PIK Notes, which are structurally subordinated and rank junior in right of payment to the Exit Facility.

  • At this time, the Debtors and their advisors (including ▇▇▇▇▇▇ ▇▇▇▇▇▇ LLP) also began discussions with certain Combined Prepetition Second Lien Noteholders.

  • As set forth above, after the Effective Date, the Combined Prepetition Second Lien Noteholders will receive 100% of the New Equity (subject to dilution as set forth herein).

  • Reasonable fees and expenses incurred by the Indenture Trustee after the Effective Date in its capacity as Disbursing Agent and for matters related to distributions to the Combined Prepetition Second Lien Noteholders shall be paid by the Reorganized Debtors and any dispute between the Reorganized Debtors and the Indenture Trustee regarding the reasonableness of such fees and expenses may be submitted to the Court for resolution.

  • Under the terms of the Restructuring Support Agreement, the Prepetition Term Loan Lenders and the Combined Prepetition Second Lien Noteholders who are, or later become, signatories to the Restructuring Support Agreement have agreed to a deleveraging transaction that would restructure the existing debt obligations of the Debtors in chapter 11 through the Plan (the “Restructuring”).

  • The Combined Prepetition Second Lien Noteholders will receive 100% of the New Equity, subject to (i) dilution by the awards related to New Equity issued under the Management Incentive Plan and (ii) the Put Option Premium, and $80 million of New Second Lien PIK Notes.