Conversion Notes definition

Conversion Notes means Senior Notes held by Conversion Lenders immediately prior to the Closing Date.

Conversion Notes means the Senior Secured Convertible Notes issued to the Lenders evidencing the Initial Loans in the form attached hereto as Exhibit A-1.

Conversion Notes means the senior subordinated unsecured notes, if any, issued by Company on the Conversion Date (as described in Exhibit A to the Bridge Note Agreement having and, to the extent not expressly set forth in such Exhibit A, having such other terms and conditions as may be acceptable to Administrative Agent and Requisite Lenders), evidencing term notes, the aggregate principal amount of which shall not exceed the sum of the then outstanding principal amount of the Bridge Notes plus the senior subordinated unsecured notes issued by Company subsequent to the Conversion Date in the aggregate principal amount equal to the PIK Interest Amounts under the Conversion Notes, in each case no principal amount of which shall mature or be payable prior to the tenth anniversary of the Closing Date and no interest on which shall accrue at a rate greater than 17% per annum (of which no greater than 15% per annum may be payable in cash), in each case as such notes may be amended from time to time to the extent permitted under subsection 7.9.

Examples of Conversion Notes in a sentence

• Each Holder of New Tranche B Senior Unsecured Notes shall be entitled to exchange its pro rata share of the Tranche B Conversion Notes, in accordance with its percentage ownership of the Prepetition Notes (the “Conversion Pro Rata Share”).

• The number of shares of New Common Stock available to be received in lieu of New Tranche B Senior Unsecured Notes shall be determined by dividing such Holder’s Conversion Pro Rata share of the Tranche B Conversion Notes by the value of a share of New Common Stock as provided in the Disclosure Statement.

• The remaining terms of the Maturity Conversion Notes (other than as expressly modified hereby) shall remain in full force and effect and are incorporated herein by this reference.

• The Company agrees that so long as an Investor holds at least $5,000,000 of Maturity Conversion Notes, the Company shall not incur any material Debt (as defined in the Tranche Notes), prepay any existing material Debt or materially amend the terms of its existing Debt, in each case without such Investor’s prior written consent.

• Deductions of stated interest and OID with respect to the Trade Conversion Notes by the Reorganized Debtors may be subject to limitations under Section 163(l) of the Tax Code.

More Definitions of Conversion Notes

Conversion Notes means the promissory notes to be issued pursuant to the Conversion Note Indenture pursuant to Section 2.20.

Conversion Notes has the meaning specified in the Recitals.

Conversion Notes means an aggregate of Six Hundred Thousand ($600,000) Dollars in principal of two year six (6%) percent promissory notes issued by UOL in connection with the Merger, less an amount equal to the aggregate Conversion Cash Amount payable to certain Exchanging Stockholders under the provisions of Section 2.4(b) and the amounts reserved for payment in connection with the issuance of certain warrants described on Section 2.4(b) of the Schedule of Exceptions.

Conversion Notes means any Notes of any subclass (including additional subclasses) of the Class A Notes and Class E Notes issued pursuant to this Indenture, the proceeds of which are used, in substantial part, to make any Conversion Payments.

Conversion Notes means senior notes issued or to be issued by the Parent pursuant to the Conversion Indenture upon the conversion of any Lucent Loans in accordance with Section 2.19 and the Conversion Indenture.

Conversion Notes has the meaning specified in Section 2.1(b).

Conversion Notes means any Notes of any subclass (including additional subclasses) of the Class G Notes and Class E Notes issued pursuant to this Indenture, the proceeds of which are used, in substantial part, to make any Conversion Payments.