Exit Notes definition

Exit Notes means the unsecured notes which may be issued by the Reorganized OpCo in a private placement and, to the extent issued, will reduce the aggregate principal amount of commitments under the Exit Bridge in accordance with the Exit Facility Documents.

Exit Notes means each of the Borrower’s (i) 10.000% Senior Secured Exit Notes due 2024, issued and outstanding under the Existing Exit Notes Indenture (the “Existing Exit Notes”) and (ii) New Notes, issued and outstanding under the New Notes Indenture.

Exit Notes means up to $124,995,750 aggregate principal amount of 9.00%/11.00%/13.00% senior secured first lien, last out payment-in-kind toggle notes due 2027, issued pursuant to the Exit Notes Indenture (which is comprised of the Funded Notes, the Delayed Draw Notes, and the Commitment Premium Exit Notes), which will be pari passu with the Exit Term Loan Facility, and last out with respect to the first out Exit Revolving Credit Facility, issued in connection with the Rights Offerings and the Private Placements, on substantially the terms set forth in this Plan.

Examples of Exit Notes in a sentence

• The Convertible A Exit Notes, the Exit Term Loans, the Convertible B Exit Notes, and the Take Back Term Loans will be subject to an intercreditor agreement with respect to their common collateral.

• In addition, any Commitment Premium Exit Notes issued as payment of the Commitment Premium are issuable under section 1145 of the Bankruptcy Code.

• The Administrative Agent shall have received true and correct copies of all Exit Notes Documents (together with any supplementary indenture thereto).

• Indebtedness under the Exit Notes Indenture shall be deemed to be incurred under the exception provided by clause (i)(B) of the definition of Permitted Debt and may not be reclassified.

• Pursuant to the indenture governing the Exit Notes (the “Indenture”), the Company may not incur, with some exceptions, any additional indebtedness prior to November 2, 2018.

More Definitions of Exit Notes

Exit Notes means up to $110 million aggregate principal amount of 9.00%/11.00%/13.00% senior secured first lien, last out payment-in-kind toggle notes due 2027, which will be secured and rank pari passu in payment with the Exit Term Loan Facility, issued in connection with the Rights Offerings and the Private Placements, on substantially the terms set forth in the Plan.

Exit Notes means up to $119,900,000 aggregate principal amount of 9.00%/11.00%/13.00% payment-in-kind toggle notes due 2027, issued pursuant to the Exit Notes Indenture in connection with the Rights Offerings, the Private Placements and the Delayed Draw Subscription Agreements, and including any Exit Notes issued as the Commitment Premium.

Exit Notes means the Borrower Agent’s 10.000% Senior Secured Exit Notes due 2024 issued and outstanding under the Exit Notes Indenture.

Exit Notes means the notes issued by the Company pursuant to the Exit Facility, bearing interest at a rate per annum equal to LIBOR (as defined in the New Credit Agreement) plus 2.5% and maturing on May 31, 2002.

Exit Notes means the notes issued by the Company pursuant to the Exit Facility.

Exit Notes. The Exit Revolving Credit Notes and the Exit Term Loan Note.

Exit Notes means the Company’s floating rate senior notes due 2016, issued pursuant to the Exit Note Supplemental Indenture.