Examples of First Lien Notes Indentures in a sentence
As discussed above, the provisions in the First Lien Notes Indentures calling for the payment of interest and, in the event of a default and acceleration of the Notes, a make-whole are common in bond indentures for distressed issuers like the Debtors.
First Lien Notes Claims Any Claim arising under the First Lien Notes Indentures.
Here, at the time the parties entered into the First Lien Notes Indentures, the damages the Noteholders might experience if the Debtors redeemed the First Lien Notes or if the Notes were accelerated, whether by bankruptcy or otherwise, were uncertain, the precise circumstance in which courts routinely enforce liquidated damages provisions.
As of the Petition Date, CEOC owed approximately $6.35 billion in principal amount outstanding to Holders of First Lien Notes issued by CEOC pursuant to the First Lien Notes Indentures, including the 8.50 % First Lien Notes Indenture, the 9.00% First Lien Notes Indentures, and the 11.25% First Lien Notes Indenture.
First Lien Notes Indentures Collectively, the 8.00% First Lien Notes Indenture and the 9.50% First Lien Notes Indenture.