Examples of Creditor Notes in a sentence
Anticipating the Trustee’s argument that their Motion to Convert was properly denied because they had filed it in "bad faith," Debtors submit that the Trustee failed to make a "prima facie showing of bad faith." "The Court did not deny [their Motion to Convert] because they committed fraud, or waste, or concealed anything.
Once the Unsecured Creditor Notes have been fully and finally paid off, the New Equity Holder’s pledge of the New Equity to the ADM Creditor Trust will be of no further force and effect.
Further, instead of using OLS we estimate coefficients using the Poisson-Pseudo- Maximum-Likelihood (PPML) estimator.
Various states also enacted policies/guidelines to promote electricity generation through solar power.
The ADM Creditor Trust will receive payments on the Unsecured Creditor Notes also has the right to, among other things, pursue Avoidance Actions4 and, if applicable, Insider Causes of Action.
In the calculation of ratio of investment under paragraph one, the deposits in deposit accounts for the operations of funds and promissory notes of Krung Thai Bank Public Company Limited which have arisen from the exchange of debentures which were assets of funds under the Krung Thai’s Project to Accept Exchange of Creditor Notes of 42 Finance Companies Whose Rehabilitation Plans were Not Approved (Kor Por Tor.
It should be noted that all of these amounts exclude the Cardinal Health Deficiency Claim (since it is being waived under the Plan) and the estimated amount of the Contingent PNC Rejection Claims (since these are separately classified).13 This percentage recovery assumes that General Unsecured Creditors receive the two Unsecured Creditor Notes (a total of $1.9 million).
The New Equity Holder cannot exercise voting rights associated with the New Equity, but subject to the terms of the Plan, generally receives the right to manage the Reorganized Debtor, receive certain payments for doing so, and to own the New Equity free of the pledge once the Unsecured Creditor Notes are paid in full.
In either scenario, the person or entity who ends up becoming the Holder of the New Equity (defined in the Plan as the “New Equity Holder”) is required to pledge the New Equity to the ADM Creditor Trust as additional security for the Reorganized Debtors’ obligations under the Unsecured Creditor Notes (discussed below).
Since both relative and absolute effect measures carry important complementary information, recent approaches such as the GRADE profiler {www.gradeworkinggroup.org} encourage a presentation of both measures.