Convertible 2L Debt definition

Convertible 2L Debt means the new indebtedness issued by Reorganized Holdings, the terms of which are set forth in Article III.C.4.
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Convertible 2L Debt means the new indebtedness issued by ReorganizedHoldings, the terms of which are set forth in Article III.C.4. 3 7. “Convertible 2L Debt Documents”means, collectively, such documents as may b e required to document the Convertible 2L Debt. 3 8. 3 7. “Creditors’ Committee” means the statutory committee of unsecured creditorsin the Chapter 11 Cases appointed pursuant to section 1102 of the Bankruptcy Code [Docket No. 108]. 3 9. 38. “Debtor(s)”means, individually, True Religion Apparel, Inc., TRLGIntermediate Holdings, LLC, Guru Denim LLC, True Religion Sales, LLC, and TRLGGC Services, LLC, in each case, in their capacities as debtors in the Chapter 11 Cases. 4 0. 39. “DIP ABL Agent”means Crystal Financial LLC and any successor agentunder the DIP ABL Credit Agreement. 4 1. 40. “DIP ABL Credit Agreement”means the Senior Secured, Super-PriorityDebtor-in-Possession ABL Loan and Security Agreement dated as of May 8, 2020 (as amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof), by and among the Borrower, the guarantors party thereto, the DIP ABL Agent and the DIP ABL Lenders. 4 2. 41. “DIP ABL Facility”means that certain senior secured super prioritydebtor-in-possession asset-based revolving credit facility made available to the Debtors pursuant to the DIP ABL Facility Loan Documents and the DIP Orders. 4 3. 42. “DIP ABL Facility Claims” mean any Claim against any Debtor on accountof, arising under or relating to the DIP ABL Loans, the other DIP ABL Facility Loan Documents,or the DIP Orders, which includes, without limitation, all DIP ABL Obligations and all Claims for all principal amounts outstanding, interest, fees, expenses, costs and other charges of the DIP ABL Agent and the DIP ABL Lenders that have arisen or may arise at any time prior to the occurrence of the Effective Date. 4 4. 43. “DIP ABL Lenders” means the “Lenders” under and as defined in the DIPABL Credit Agreement. 4 5. 44. “DIP ABL Facility Loan Documents” means the “Loan Documents” asdefined in the DIP ABL Credit Agreement. 46.Agreement. 4 7. 45. “DIP ABL Loans”means the “Loans” as defined in the DIP ABL Credit 4 6. “DIP ABL Obligations”means the “Obligations” as such term is defined inthe DIP ABL Credit Agreement.
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Examples of Convertible 2L Debt in a sentence

  • The person who obtains the controlled drug to administer it to someone else must sign the entry if the person is reasonably satisfied the entry is correct.Maximum penalty—40 penalty units.

  • The Reorganized Debtors shall be authorized to issue the Convertible 2L Debt on the Effective Date.

  • The Convertible 2L Debt shall be governed by the Convertible 2L Debt Documents.

  • By contrast, the provisions in force when the Contested Decision was issued continue to apply to the situation brought before the Board of Appeal.II.

  • The Convertible 2L Debt shall be secured by a second lien on and security interest in all property currently securing the DIP Term Loan Obligations and a third priority lien on and security interest in all property currently securing the DIP ABL Obligations; provided, however, at the sole option and discretion of the Holders of the Convertible 2L Debt, upon the occurrence of one or more enumerated events, the Convertible 2L Debt may be converted into a percent of the equity of Reorganized True Religion.

  • In establishing the register of lenders, commitments, and loans/holders and notes under the Convertible 2L Debt Documents, the administrative agent and collateral agent/trustee under the Convertible 2L Debt Documents shall be entitled to conclusively rely upon (without further inquiry) any certificate, schedule, register, list, or other document provided by the Debtors, the Reorganized Debtors and/or the Distribution Agent.

  • The Prepetition Term Loan Agent and the DIP Administrative Agent shall not be required to act as Distribution Agent with respect to any distributions of the Exit Term Facility, Convertible 2L Debt, New Common Shares of Reorganized Holdings or any other distributions under the Plan and shall have no responsibility or liability for such distributions.

  • The Plan and Disclosure Statement indicated that the Convertible 2L Debt would be convertible “upon the occurrence of one or more enumerated events,” but failed to disclose what such events would be or the actual percentage of equity into which the Convertible 2L Debt could convert.

  • The Convertible 2L Debt shall be governed by the Convertible 2L Debt D ocuments.

  • Any conversion right is inappropriate given that the Convertible 2L Debt is secured, but if a convertible feature is to remain, it cannot provide the Rolled-Up Lenders with an entitlement worth more than the value of their claims.

Related to Convertible 2L Debt

  • Convertible Debt means Indebtedness of the Borrowers (which may be guaranteed by the Guarantors) permitted to be incurred under the terms of this Agreement that is (i) either (a) convertible into common stock of the Company (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common stock) or (b) sold as units with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are exercisable for common stock of the Company and/or cash (in an amount determined by reference to the price of such common stock) and (ii) subordinated to the Obligations on terms customary at the time for convertible subordinated debt securities.

  • Convertible Senior Notes means those certain convertible senior notes issued by Borrower with a final maturity date of not less than ten (10) years from the date of issuance, in an amount not to exceed $150,000,000 with an interest rate up to 5.5% and subject to the terms set forth in the Convertible Senior Notes Offering Memorandum.

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • Permitted Convertible Debt means Indebtedness of the Borrower that is convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of Common Stock (or other securities or property following a merger event or other change of the Common Stock), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such Common Stock or such other securities); provided that such Indebtedness shall (a) not require any scheduled amortization or otherwise require payment of principal prior to, or have a scheduled maturity date, earlier than, one hundred eighty (180) days after the Term Loan Maturity Date, (b) be unsecured, (c) not be guaranteed by any Subsidiary of Borrower, (d) contain usual and customary subordination terms for underwritten offerings of senior subordinated convertible notes as determined in good faith by the board of directors of the Borrower or a committee thereof, (e) shall specifically designate this Agreement and all Secured Obligations as “designated senior indebtedness” or similar term so that the subordination terms referred to in clause (d) of this definition specifically refer to such notes as being subordinated to the Secured Obligations pursuant to such subordination terms and (f) be on terms and conditions customary for Indebtedness of such type, as determined in good faith by the board of directors of the Borrower or a committee thereof; provided further, that any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of Borrower (or any of its Subsidiaries) (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision.

  • Mandatorily Convertible Securities means any mandatorily convertible equity-linked securities issued by the Borrower or its Subsidiary, so long as the terms of such securities require no repayments or prepayments and no mandatory redemptions or repurchases, in each case prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the Revolving Credit Advances and all other amounts due under this Agreement.

  • Permitted Convertible Indebtedness Call Transaction means any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction.

  • convertible means, if used to describe securities, that the rights and attributes attached to the securities include the right or option to purchase, convert into or exchange for or otherwise acquire equity securities of an issuer, or any other security that itself includes the right or option to purchase, convert into or exchange for or otherwise acquire equity securities of an issuer;

  • Convertible Security means one of the Convertible Securities.

  • Convertible Securities means any stock or securities (other than Options) directly or indirectly convertible into or exercisable or exchangeable for shares of Common Stock.

  • Permitted Convertible Indebtedness means unsecured Indebtedness in the form of notes issued by the Borrower that (i) as of the date of issuance thereof contains terms, conditions, covenants, conversion or exchange rights, redemption rights and offer to repurchase rights, in each case, as are typical and customary for notes of such type, (ii) is convertible or exchangeable into a fixed number of shares of common stock of the Borrower (or Qualified Equity Interests following a merger event or other change of common stock of the Borrower), cash or a combination thereof (such amount of cash determined by reference to the price of the Borrower’s common stock or such Qualified Equity Interests), and cash in lieu of fractional shares of common stock of the Borrower, (iii) has a stated final maturity date that is no earlier than the date that is one hundred eighty (180) days after the Maturity Date (the “Earliest Date”), (iv) shall not be required to be repaid, prepaid, redeemed, repurchased or defeased (whether through scheduled amortization, principal payments, mandatory redemptions or payments of principal or otherwise), whether on one or more fixed dates, prior to the Earliest Date, except (x) upon the occurrence of an event of default, “fundamental change” or equivalent or (y) following the Borrower’s election to redeem such notes to the extent expressly permitted pursuant to Section 9.07(d) or as otherwise consented to by the Majority Lenders; provided that the right to convert such Indebtedness into Qualified Equity Interests, cash or any combination thereof shall not be deemed to violate this clause (iv), (v) is not supported by a Guaranty made or issued by any Subsidiary of the Borrower that is not an Obligor and (vi) does not provide for or require the payment of cash interest in excess of five and a half (5.5%) per annum2.

  • Convertible Security Acquisition means an acquisition by a Person of Voting Shares upon the exercise, conversion or exchange of a Convertible Security received by a Person pursuant to a Permitted Bid Acquisition, an Exempt Acquisition or a Pro Rata Acquisition;

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Convertible Notes has the meaning set forth in the Recitals.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • Mandatorily Convertible Preferred Stock means cumulative preferred stock with (a) no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise, and (b) a requirement that the preferred stock convert into Common Stock of the Corporation within three years from the date of its issuance at a conversion ratio within a range established at the time of issuance of the preferred stock.

  • Convertible land means a building site which is a portion of the common areas

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • Convertible Preferred Stock has the meaning set forth in the recitals.

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.

  • Excluded Capital Stock means:

  • Company Convertible Securities means, collectively, any other options, warrants or rights to subscribe for or purchase any capital shares of the Company or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any capital shares of the Company.

  • Current Debt of any Person shall mean as of the date of any determination thereof (i) all indebtedness of such Person for borrowed money other than Funded Debt of such Person, including, without limitation, debt owed to banks, and (ii) Guaranties by such Person of Current Debt of others.

  • Series B Convertible Preferred Stock means the Series B Convertible Preferred Stock, $0.01 par value per share, of the Corporation.

  • Convertible Bonds means the $450,000,000 1.875 per cent senior unsecured guaranteed convertible bonds due 2025 and issued by NMC Health (Jersey) Limited, including the transactions contemplated under the Transaction Documents (as defined in the Convertible Bond Trust Deed);

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;