Legacy Noteholder definition

Legacy Noteholder means a Holder of a Legacy Note.
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Examples of Legacy Noteholder in a sentence

  • As further described in Article VI.D of this Disclosure Statement, the Legacy Noteholder Group contends that such condition has been met and the Legacy Notes are therefore entitled to liens on certain Springing Collateral (as defined below) that are equal and ratable with certain of the Debtors’ secured debt.

  • Over the course of the following weeks, the Company received a number of proposals from the Priority Noteholder Ad Hoc Group, the Legacy Noteholder Ad Hoc Group, and the Revolving Credit Facility Agent.

  • The Debtors’ are focused on engaging with the official committee of unsecured creditors (when appointed) as well as continuing to engage with the Legacy Noteholder Group and all of the Debtors’ other stakeholders (including those that did not sign the restructuring support agreement).

  • The Debtors expect that the Legacy Noteholder Group will take actions in the near-term to advance arguments that serve their interests with respect to the prepetition negotiations and certain disputed issues, including the alleged entitlement of the Legacy Notes to liens on certain of the Debtors’ assets (an issue that was the subject of substantial debate in the prepetition negotiations, including recent litigation in New York state court that was resolved in the Debtors’ favor).

  • The Debtors are therefore focused on continuing to engage with the Committee, the Legacy Noteholder Group, and all of the Debtors’ other stakeholders (including those that did not sign the Restructuring Support Agreement).

  • He does – perforce, because the observed facts of a general flight to money and excess supply of commodities in times of crisis cannot be denied - break with the received view, but (as we have seen) makes a point of emphasising that such a state of affairs as he admits is not - as argued by ‘Malthus, Chalmers and Sismondi’ - attributable to a deficiency of planned demand.

  • However, the value that the Legacy Noteholder Group was looking for in exchange for their support of the restructuring exceeded the value that other stakeholders were willing to offer.

  • While approximately $10 billion of the Debtors’ approximately $16 billion of funded debt support the contemplated restructuring transaction, there is a group of approximately$190 million of legacy noteholders (represented by White & Case LLP) that do not support the restructuring transaction (the “ Legacy Noteholder Group”).

  • Among other things, the Legacy Noteholder Group asserts that they should receive an increased recovery due to their assertion of rights under an “equal and ratable” provision in the Legacy Notes Indenture that they assert prohibited iHeart from granting a security interest to any party in certain specific collateral without also providing equal and ratable liens securing any outstanding Legacy Notes when the outstanding amount of Legacy Notes fell below $500 million.

  • While the Debtors understand that the Legacy Noteholder Group does not support the contemplated restructuring transaction, the Debtors will not stop their engagement with this group and the Debtors look forward to working with all creditor constituencies (including the official committee of unsecured creditors) with the hopes of adding consensus to the billions of dollars of claims that have reached an agreement in principle.

Related to Legacy Noteholder

  • Senior Noteholder means the Holder of any Senior Note.

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

  • Non-Lead Noteholder means any Noteholder other than the Lead Securitization Noteholder.

  • 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.

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

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

  • Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

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

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

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

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

  • Senior Noteholders means the holders of the Senior Notes.

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

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Class D Certificateholder means the Person in whose name a Class D Certificate is registered in the Certificate Register.

  • Non-Controlling Noteholder means each Noteholder other than the Controlling Noteholder; provided that, if at any time a Non-Controlling Note (or, at any time a Non-Lead Securitization Note is included in a Securitization, the Non-Lead Securitization Subordinate Class Representative) is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, no Person shall be entitled to exercise the rights of such Non-Controlling Noteholder with respect to such Non-Controlling Note.

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

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

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Class A-3 Noteholder means the Person in whose name a Class A-3 Note is registered on the Note Register.

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

  • Class A-4 Noteholder means the Person in whose name a Class A-4 Note is registered in the Note Register.

  • Initial Noteholder means (i) with respect to Note A-1, the Initial Note A-1 Holder and (ii) with respect to Note A-2, the Initial Note A-2 Holder.

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