Creditor Note definition

Creditor Note means that certain unsecured promissory note in the original principal amount of $6,350,000 to be executed and delivered by the Reorganized Debtor to the Creditor Trust, substantially in the form contained in the Plan Supplement Document; provided, however, that the payments owed to the Creditor Trust by the Reorganized Debtor under the Creditor Note will be subject to the GUC Payment Collar. The Creditor Note will be a Plan Supplement Document.
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Creditor Note has the meaning given to it in recital B of this Guarantee. Guaranteed Obligations shall have the meaning given to it in Section 2.1 of this Guarantee. Guaranteed Parties shall have the meaning given to it in Section 2.1 of this Guarantee. Notice shall have the meaning given to it in Section 5.1 of this Guarantee. Obligations shall mean the collective reference to the instalment of principal, interest and enforcement costs under the Convertible Note (including interest accruing at the then applicable rate under the Creditor Note after the date for payment of any instalment of the principal and interest accruing at the then applicable rate after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Purchaser, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), whether due or to become due. Purchase Agreement shall have the meaning given to it in recital A of this Guarantee. Purchaser shall have the meaning given to it in recital A of this Guarantee. Vendors shall have the meaning given to it in recital A of this Guarantee.
Sample 1
Creditor Note means the promissory note in the amount of $1,800,000, if the holders of Allowed Claims in Class 9 vote to accept the Plan, or $1,000,000, if the holders of Allowed Claims in Class 9 vote to reject the Plan, to be issued by the Reorganized Debtors as of the Effective Date which is made payable to the Med Creditors’ Trust for the benefit of Creditors in Class 9 holding Allowed Unsecured Claims against the Debtor, substantially in the form attached hereto as Exhibit “2.” The CCG Note, the CDSI Note, the CCS Note, and the Creditor Note, jointly, shall be secured by a second priority lien on all of the assets of the Reorganized Debtors, subordinate to any working capital line(s) obtained by the Reorganized Debtors in the ordinary course of business up to $15,000,000. The CCG Note shall be payable in equal quarterly payments with simple interest at a rate of 6% per annum, and payable pursuant to a two-year amortization. The CCG Note shall become due one year following the Effective Date.
Sample 1

Examples of Creditor Note in a sentence

  • The funds to be utilized to make Cash payments under this Plan have been and/or will be generated from, among other things, payments made, funds available, or obligations assumed under the Plan Sponsor Agreement, payments under the General Unsecured Creditor Note, the Cash of the Debtors as of the Effective Date, and Cash generated from operations of the Debtors or Reorganized Debtors.

  • If a payment default has occurred under Unsecured Creditor Note A and shall have continued without being cured within thirty (30) days, the ADM Creditor Trustee shall have the right, but not the obligation, to send a written default notice to the New Equity Holder, and shall copy Cardinal Health on any such notice.

  • The Creditor Note will mature on the eighth anniversary of the Closing and will be non-amortizing prior to maturity.

  • Post-Effective Date Plan payments to Holders of Allowed Claims and/or to the ADM Creditor Trust will be made by the Reorganized Debtor from Available Cash, Operating Revenues and/or Operating Profits.The Reorganized Debtor will make all of the payments required to be made under the Plan on account of Allowed Administrative Claims, Allowed Priority Tax Claims, and Allowed 14 Payments on the Cardinal Note ($3,000,000) and Unsecured Creditor Note A ($650,000) will be made on a monthly basis.

  • Pursuant to the terms and provisions of the Plan, the Disbursing Agent shall hold the Master Creditor Note, make Master Creditor Note Distributions, and undertake any other duties required by the Plan or any retention agreement with the Debtors.

  • The Creditor Note will be redeemable, in whole or in part, by Newco and will be structured and will contain such provisions as are necessary to ensure that upon transfer of the Creditor Note by Republic, Newco will not be required to be a reporting person under the Securities Exchange Act of 1934, as amended, (for example, through the creation of a liquidation trust) or to register the Creditor Note under the Securities Act of 1933, as amended.

  • On the Effective Date, the Creditor Trust shall have all rights to and shall have the sole authority on behalf of the Creditor Trust Beneficiaries to enforce or exercise (a) the Creditor Note, (b) the Litigation Recovery Share, (c) the Litigation Put, (d) the GUC Payment Collar, (e) the GUC Payment Collar reconciliation and (f) the Transferred Preference Claims and all rights and remedies related to any and all of the foregoing..

  • The Subordinated Creditor Note, and any renewals or replacements thereof, and all promissory notes or other securities for which it is exchanged or into which it is converted will, on the date hereof or prior to the issuance thereof, be inscribed with a legend conspicuously stating that payment thereof is subordinate and junior in right of payment to the Sanwa Debt pursuant to the terms of this Agreement.

  • On the Effective Date, the Reorganized Debtor shall execute and deliver to the Exit Lender, the Creditor Trust, the Holder of the Allowed Junior Secured Claim of Skokie, the Holder of the Allowed Unsecured Claim of FinPa, and Green Oak documents necessary to implement the Plan, including, without limitation, (i) the Exit Financing Documents, (ii) the Creditor Note, (iii) the Restated Skokie Note and Security Agreement, (iv) the FinPa Restated Note, and (v) Green Oak Secured Subordinated Note.

  • Notwithstanding any term herein to the contrary, it is hereby expressly agreed and acknowledged that the subordination and related agreements set forth herein by the Subordinated Creditor are made solely in its capacity as trustee and collateral agent under the Subordinated Creditor Indenture and with respect to the Subordinated Creditor Notes (and not in its individual commercial capacity, except to the extent that it is or becomes the holder of any such Subordinated Creditor Note).


More Definitions of Creditor Note

Creditor Note means the Note executed by the Buyer and delivered to the Liquidation Trust on the Confirmation Date per the Plan.
Sample 1

Related to Creditor Note

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Note A shall have the meaning assigned to such term in the recitals.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Revolver Note means any one of such Revolver Notes.

  • Swing Note is defined in Section 1.11 hereof.

  • Secured Promissory Note is defined in Section 2.4.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Note B shall have the meaning assigned to such term in the recitals.

  • Bridge Note means any promissory note issued by Borrower pursuant to the terms of the Bridge Note Agreement.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Subordinate Note means each B Note.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • RMB Note means a Note denominated in Renminbi.

  • 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;

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Principal Debt means the aggregate unpaid principal balance of this Note at the time in question.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Term A Note means a promissory note made by the Borrower in favor of a Term A Lender evidencing Term A Loans made by such Term A Lender, substantially in the form of Exhibit C-1.