Initial Note Holders shall have the meaning assigned to such term in the preamble to this Agreement.
Initial Note Holder means each of the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3-1 Holder, the Initial Note A-3-2 Holder, the Initial Note A-4 Holder, the Initial Note A-5-1 Holder, the Initial Note A-5-2 Holder, the Initial Note A-6 Holder and the Initial Note A-7 Holder.
Initial Note means each initial Governmental Lender Note registered by the Comptroller and subsequently canceled and replaced by a definitive Governmental Lender Note pursuant to this Funding Loan Agreement.
Initial Note A-8 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
Initial Notes means the first $500,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof.
Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.
Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
New Secured Notes means the $550 million of first lien secured notes to be issued by New Valaris Holdco comprising (i) the Rights Offering New Secured Notes to be issued in the Rights Offering on the terms set forth in the New Secured Notes Term Sheet attached as Exhibit 2 to the Restructuring Term Sheet and the Rights Offering Procedures, (ii) the Holdback Notes to be issued on the terms set forth in the Backstop Agreement,
Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;
Initial Note A-2-2 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
Revolving Notes means the promissory notes of the Borrower in favor of each of the Lenders evidencing the Revolving Loans provided pursuant to Section 2.1(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.
New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.
Initial Note B-1 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
Initial Note A-5 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.
Convertible Notes means the 2.75% Convertible Senior Notes of the Borrower due 2022 issued pursuant to the Convertible Notes Indenture.
Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.
Initial Note A-2-1 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
Initial Note A-3 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
Initial Note A Holder shall have the meaning assigned to such term in the preamble to this Agreement.
New Senior Notes has the meaning set forth in the recitals hereto.
Initial Dollar Principal Amount means $1,000,000,000, or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09 hereof.
Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.
Initial Note A-4 Holder shall have the meaning assigned to such term in the preamble to this Agreement.
2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.