Examples of Credit Suisse Existing Secured Claims in a sentence
IT IS IMPORTANT THAT THE HOLDERS OF CLAIMS IN CLASS 3 (Credit Suisse Existing Secured Claims) AND CLASS 6 (Unsecured Financial Claims) TIMELY EXERCISE THEIR RIGHT TO VOTE TO ACCEPT OR REJECT THE PLAN.
An “established market” includes, among other things, that “price quotations are readily available from dealer, brokers or traders.” If the Credit Suisse Existing Secured Claims or Credit Suisse New Secured Debt were traded on an established market, the issue price of the Credit Suisse New Secured Debt would equal the fair market value of either the Credit Suisse Existing Secured Claims or Credit Suisse New Secured Debt, as applicable.
Because the Credit Suisse Existing Secured Claims have a weighted average maturity at issuance of five years or less, Credit Suisse Existing Secured Claims should not constitute “securities” for purposes of the Code, although the IRS could take a contrary position.
U.S. HoldersThe U.S. federal income tax consequences of the Plan to U.S. Holders of Credit Suisse Existing Secured Claims could depend, in part, on whether such Claims constitute “securities” of Tricom for U.S. federal income tax purposes.
There can be no assurance that the terms of any such alternative restructuring would be similar to or as favorable to holders of Credit Suisse Existing Secured Claims and Unsecured Financial Claims as those proposed in the Plan.
The Debtors believe the that the treatment afforded under the Plan to Dominican Holders of Unsecured Financial Claims, Banco del Progreso Existing Secured Claims, Credit Suisse Existing Secured Claims and the GE Existing Secured Claims will carry the following tax consequences:(58) Neither the Tax Code nor the regulations promulgated thereunder define the term “foreign financial institution as such term is used in the Tax Code.
As noted, the Debtors have entered into the Plan Support and Lock-Up Agreement with among others (i) certain members of the Ad Hoc Committee who collectively beneficially own approximately 72% of the principal amount of the Unsecured Financial Claims, including the Affiliated Creditors, and (ii) the holders of Credit Suisse Existing Secured Claims.
All known holders of Credit Suisse Existing Secured Claims and Unsecured Financial Claims entitled to vote on the Plan have been sent a Ballot together with this Disclosure Statement.
Class 3 and Class 6 (Credit Suisse Existing Secured Claims and Unsecured Financial Claims) are the only classes of Claims and Equity Interests under the Plan that are impaired and entitled to vote to accept or reject the Plan.
The discussion below assumes that the Credit Suisse Existing Secured Claims do not constitute “securities” for purposes of the Code.