Examples of First Lien Notes Claim in a sentence
The First Lien Indenture Trustee shall have no duties or responsibility relating to any form of distribution that is not DTC eligible and the Debtors or the Plan Administrator, as applicable, shall seek the cooperation of DTC so that any distribution on account of a First Lien Notes Claim that is held in the name of, or by a nominee of, DTC, shall be made through the facilities of DTC on the Effective Date or as soon as practicable thereafter.
Therefore, each holder of an Allowed First Lien Notes Claim will not be entitled to vote to accept or reject the Plan.
The process of violent dissolution of Yugoslavia had also a negative impact on Bulgaria in several dimensions.
Under Article III.B of the Plan, each Holder of an Allowed Prepetition Credit Agreement Claim, Allowed Secured First Lien Notes Claim, Allowed Second Lien Notes Claim, Allowed Subsidiary Guaranteed Notes Claim, Allowed Senior Unsecured Notes Claim, Allowed Disputed Unsecured Claim, Allowed Undisputed Unsecured Claim, or Allowed Insurance Covered Unsecured Claim will receive at least a portion of its recovery in the form of New CEC Common Equity.
Each Holder of a First Lien Notes Claim is entitled to vote to accept or reject the Plan.
Under Article III.B.5 of the Plan, each Holder of an Allowed Secured First Lien Notes Claim will receive its Pro Rata share of the PropCo Preferred Equity Distribution.
The Debtors or the Reorganized Debtors, as applicable, shall seek the cooperation of DTC in an attempt to ensure that any distribution on account of an Allowed First Lien Notes Claim that is held in the name of, or by a nominee of, DTC, shall be made through the facilities of DTC on the Effective Date or as soon as practicable thereafter.
On the Effective Date, or as soon thereafter as reasonably practicable, except to the extent that a holder of an Allowed First Lien Notes Claim agrees to less favorable treatment, in full and final satisfaction, compromise, settlement, and release of and in exchange for each Allowed First Lien Notes Claim, each holder of an Allowed First Lien Notes Claim shall receive payment in full in Cash.
If you are a Holder of an Allowed Secured First Lien Notes Claim and intend to exercise your Election Rights, be sure to allow sufficient time for your First Lien Notes to be tendered by your Nominee through ATOP prior to the Election Expiration Date.
ExampleFor example, a Holder of an Allowed Secured First Lien Notes Claim may elect to receive PropCo Common Equity in lieu of 20% of the CPLV Mezzanine Debt, 30% of the PropCo Second Lien Notes, and 40% of the PropCo First Lien Notes that such Holder would receive under its Default Debt Distribution.