Examples of Convertible Notes Claim in a sentence
The Allowed General Unsecured Claim for the Old Convertible Notes Claim shall be $100,649,000 (i.e., principal and interest on the Old Convertible Notes as of the Petition Date).
GENERAL UNSECURED CLAIM means an Unsecured Claim other than a Loan Restructure Agreement Claim, a Western Digital Claim, a Convertible Notes Claim, a Subordinated Notes Claim, a Convenience Claim, or an MMD Claim.
Each Holder of a Convertible Notes Claim will be conclusively deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code.
Treatment: On the Effective Date, in accordance with the terms of the Plan, the Convertible Notes shall be cancelled and each holder of an Allowed Class 6 Convertible Notes Claim shall receive, in full and final satisfaction of its Convertible Notes Claim, its pro rata share of 8.24% of the New Common Stock on a fully-diluted basis (assuming full conversion of the New Preferred Stock).
The EXXI 3.0% Senior Convertible Notes Trustee shall have no duties or responsibility relating to any form of distribution that is not DTC eligible and the Debtors or the Reorganized Debtors, as applicable, shall seek the cooperation of DTC so that any distribution on account of an Allowed EXXI 3.0% Senior Convertible Notes Claim that is held in the name of, or by a nominee of, DTC, shall be made through the facilities of DTC on the Effective Date or as soon as practicable thereafter.
Accordingly, the New Convertible Notes and the Convertible Notes may each constitute a “security.” In the event that the New Convertible Notes and a U.S. Holder’s Convertible Notes Claim each constitute a “security” for U.S. federal income tax purposes, the U.S. Holder’s receipt of the New Convertible Notes should be treated as a “recapitalization” for U.S. federal income tax purposes.
Pro Rata Total Convertible Notes Share” means the proportion that a Holder of an Allowed Convertible Notes Claim bears to the aggregate amount of Allowed Claims in Class 1 and Class 2.
The U.S. federal income tax consequences of the Plan may, to the extent certain Convertible Notes Claims are exchanged for New Convertible Notes depend in part upon: (i) whether such Convertible Notes Claim is based on an obligation that constitutes a “security” for U.S. federal income tax purposes, and (ii) whether all or a portion of the consideration received for such Convertible Notes Claim is an obligation that constitutes a “security” U.S. for federal income tax purposes.
Except to the extent that a Holder of an Allowed Convertible Notes Claim agrees to a less favorable treatment, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Allowed Convertible Notes Claim each Holder thereof shall receive such Holder’s Pro Rata share of the Warrants without reduction on account of Convertible Notes Indenture Trustee Fees so long as such Convertible Notes Indenture Trustee Fees are paid in accordance with Article XII.D hereof.
Treatment: On or as soon as reasonably practicable after the Effective Date, each Holder of an Allowed Convertible Note Claim will receive, for each(euro)1,000 in initial principal amount of Convertible Notes Claim held by such Holder of an Allowed Convertible Note Claim,(euro)183.90 in cash and 234.37 shares of New Common Stock, representing in the aggregate 15.4% of the equity in the Reorganized Debtor, in full satisfaction of such Allowed Convertible Note Claim.