Examples of Debenture Claim in a sentence
Upon compliance with this Section VI.J.2 by a holder of an Allowed Old Senior Subordinated Notes Claim, Allowed Old 6% Debenture Claim or Allowed Old 6% Debenture Promissory Note Claim, such holder will, for all purposes under the Plan, be deemed to have surrendered the Old Senior Subordinated Note, Old 6% Debenture and Old 6% Debenture Promissory Note.
Each holder of an Allowed 9.25% Debenture Claim shall have the option to opt out of participation in the 9.25% Settlement (those electing to opt out, the "Rejecting Bondholders").
In such case, any cash, New Common Stock and New Warrants held for distribution on account of the Old Senior Subordinated Notes Claim, Old 6% Debenture Claim or Old 6% Debenture Promissory Note Claim will be treated pursuant to the provisions set forth in Section VI.E.2.c.
Each Holder of an Old Subordinated Debenture Claim shall tender its Old Subordinated Debenture relating to such Claim to the Reorganized Debtor in accordance with written instructions to be provided to such Holders by the Reorganized Debtor as promptly as practicable following the Effective Date.
Each holder of a 9.25% Debenture Claim is provided with an opportunity to opt out of participation in the 9.25% Settlement.
Each holder of an Allowed Secured Note Claim or Allowed Cray Unsecured Debenture Claim, as of the applicable record dates, may exercise all or any portion of such holder’s Subscription Rights pursuant to the Subscription Form.
Simple interest without compounding payable to the Indenture Trustee for distribution for the benefit of the Class 4 Claimants in accord with Articles 4.2(d) and 5.2 of this Plan on the $64,750,168.95 Allowed Debenture Claim at the rate of 7.32% per annum from the Petition Date to the Distribution Date.
Each holder of an Allowed Cray Unsecured Debenture Claim that was a holder as of the Cray Unsecured Debenture Rights Offering Record Date, shall receive Subscription Rights entitling such holder to purchase its Ratable Proportion, as of the Cray Unsecured Debenture Rights Offering Record Date, of 700,000 shares of New Common Stock, which New Common Stock shall be issued on the Effective Date or as soon thereafter as is practicable.
Once the holder of an Allowed Secured Note Claim or Allowed Cray Unsecured Debenture Claim has properly exercised its Subscription Rights, such exercise will not be permitted to be revoked.
Each holder of a Cray Unsecured Debenture Claim is entitled to vote to accept or reject the Plan.