IPCo Noteholders definition

IPCo Noteholders means the holders of IPCo Notes, each in their capacity as such.
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IPCo Noteholders means, collectively, the holders of the IPCo Notes.
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Examples of IPCo Noteholders in a sentence

  • Only Term Lenders and IPCo Noteholders that are “accredited investors” (as defined in Rule 501(a) of Regulation D under the Securities Act) will be eligible to participate in the New Term Loans and thus receive the 4(a)(2) Securities.

  • The Term Lenders and IPCo Noteholders, including in their capacities as Consenting Support Parties under the TSA, agreed to forgo any adequate protection payments and have agreed to equitize their claims at a value less than the allowed amount thereof, which has enabled a distribution to unsecured creditors where such circumstances otherwise likely would not exist.

  • In particular, the Term Lenders and IPCo Noteholders have validly perfected liens and security interests, as described herein, on substantially all of the Debtors’ assets that requires that their claims be repaid in full before general unsecured creditors of the Loan Debtors and IPCo Debtors would be entitled to a distribution.

  • Thus, by theIPCo Collateral Valuation Motion, the Committee is seeking an order finding that (i) the secured portion of the IPCo Notes Claims does not exceed the IPCo Collateral Value Amount pursuant to section 506(a)(1) of the Bankruptcy Code and Bankruptcy Rule 3012 and (ii) any claimsasserted by the IPCo Noteholders in excess of the IPCo Collateral Value Amount are general unsecured claims against the IPCo Debtors.

  • Crew brand intellectual property, which serves as the primary collateral for the IPCo Noteholders.

  • The proposed $400 million DIP Facility is part of an overall scheme outlined in the TSA to shift value from unsecured creditors to both the substantially out-of-the- money Term Loan Lenders and the IPCo Noteholders facing litigation risk as to avoidance of their security interests.

  • In light of the record of these chapter 11 cases, the and the IPCo Noteholders, (vii) the Backstop Parties, (viii) the DIP Lenders, (ix) the DIP Agent, (x) the New Term Lenders, (xi) the New Term Agent, (xii) the Sponsors, and (xiii) the Related Parties for each of the foregoing.

  • Any distribution of DIP Lender Securities to the DIP Lenders should be viewed by the Court for what it is in practical effect -- as payment on account of the prepetition debts of the Term Lenders and the IPCo Noteholders, made to obtain their consent to the TSA, which should decrease the new equity allocations of the Term Lenders and the IPCo Noteholders as members of Class 4 and Class 5, respectively.

  • Under a cramdown, as demonstrated by the Committee’s evidence, the Plan distributions to the Term Lenders in Class 4 and the IPCo Noteholders in Class 5 would violate the “fair and equitable” requirement by overpaying claims in Classes 4 and 5 with value that should be distributed to general unsecured creditors.

  • The Plan, as amended on August 10, 2020, deviates from the prior Plan in that now the Debtors propose to take numerous Restructuring Transaction Steps including the creation of a NewCo Holdings, a limited liability company that will issue the New Common Equity to be distributed to the Term Lenders and the IPCo Noteholders, and a NewCo Entity Group, entities to be newly formed to implement the Restructuring Transaction Steps.

Related to IPCo Noteholders

  • Senior Noteholders means the holders of the Senior Notes.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Requisite Noteholders Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

  • Required Noteholders has, with respect to any Series of Notes, the meaning stated in the related Series Supplement.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Noteholders means the holders of the Notes.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • Instituting Noteholders has the meaning set forth in Section 7.6(a) of the Indenture.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Senior Noteholder means the Holder of any Senior Note.

  • Class A-2 Noteholders means the Class A-2a Noteholders and the Class A-2b Noteholders.

  • Class C Noteholders means the holders of any Class C Notes from time to time.

  • Class E Noteholder means the Person in whose name a Class E Note is registered on the Note Register.

  • Class A-1 Noteholder means the Person in whose name a Class A-1 Note is registered on the Note Register.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Class A Noteholder means the Person in whose name a Class A Note is registered in the Note Register.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Class A-2 Noteholder means the Person in whose name a Class A-2 Note is registered on the Note Register.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Borrower”, “Unsecured Creditor”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

  • Controlling Noteholder means as of any date of determination the holder or holders of a majority of the Lead Securitization Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.