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

• With respect to subsection (b)(ii) above, pursuant to, and in accordance with, the Backstop Agreement and the Rights Offerings Procedures, each Financing Party has agreed to, severally and not jointly, (i) fully exercise all Subscription Rights that are properly issued to it on the applicable Subscription Commencement Date on account of its Allowed Senior Notes Claims and (ii) duly purchase all Exit Notes on account of its Allowed Senior Notes Claims.

• 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.

• This is accomplished by taking several exponential moving averages (EMAs) of the traditional EMA and subtracting some from the log.TEMA which is like other Moving Averages helps to suggest potential short-term trend changes or pullbacks, to provide orientation and provide support or resistance.

• This was primarily due to a net repayment on the new ABL Facility of $24 million compared to a net draw on the former ABL Facility of $48.0 million in 2011, and an increase in financing costs paid of $10.7 million compared to the prior year, partially offset by the issuance of Exit Notes for net proceeds of $33.1 million, and the redemption of US$26.0 million 8.625% notes in the prior year.

• Our Exit Notes, 2024 Senior Secured Notes (before repayment in 2021), 2028 Senior Secured Notes and 2030 Senior Notes were issued by Weatherford Bermuda and guaranteed by Weatherford International plc and Weatherford Delaware and other subsidiary guarantors party thereto.

More Definitions of Exit Notes

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

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

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

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 means the promissory notes issuable pursuant to the Exit Note Purchase Agreement, to be purchased by the Exit Noteholders, including the Converted Exit Notes.