Examples of Midwest Notes in a sentence
Each holder of an Allowed Class 4 Midwest Notes Claim is entitled to vote to accept or reject the Plan.
The Midwest Notes Exit Facility Term Loans will rank pari passu with, and be secured on the same terms as, the other Required Exit Facility Term Loans, and have the same terms as, and be fungible in all respects with, the other Required Exit Facility Term Loans.
The Required Exit Facility Term Loans (other than the Midwest Notes Exit Facility Term Loans) may be reduced to an amount less than $2,050 million at the election of Requisite Backstop Parties.
Each holder of an Allowed Midwest Notes Claim shall receive its Pro Rata share of the Midwest Notes New Exit Term Facility, the principal amount of which shall be $100 million, plus any interest and fees due and owing under the Midwest Notes Indenture and/or the Final DIP Order to the extent unpaid as of the Effective Date, and any additional Midwest Notes OID Consideration.
The Midwest Notes New Exit Term Facility will rank pari passu with, and be secured on the same terms as, the other Required Exit Term Facility, and have the same terms as, and be fungible in all respects with, the other Required Exit Term Facility.
Pursuant to the Prepetition Midwest Notes Indenture, the Prepetition Midwest Notes were originally issued with a face value of $100 million.
To the extent that the Required Exit Term Facility is issued with an original issue discount, then holders of Midwest Notes Claims will receive Midwest Notes OID Consideration, either in the form of cash or additional Midwest Notes New Exit Term Facility corresponding to such original issue discount.
Such security interests and Liens shall be senior in all respects to the security interests and Liens of the secured parties under the Prepetition Credit Agreement, the Prepetition First Lien Notes, the Prepetition Midwest Notes and the Prepetition Second Lien Notes, in each case arising from their respective current and future Liens.
To the extent that the Required Exit Facility Term Loans are issued with an original issue discount, then holders of Midwest Notes Claims will receive Midwest Notes OID Consideration, either in the form of cash or additional Midwest Notes Exit Facility Term Loans corresponding to such original issue discount.
The parties to the Plan Support Agreement include holders of more than 94% of the First Lien Claims, approximately 54% of the Second Lien Claims, more than 39% of the Unsecured Notes Claims, and approximately 72% of the Midwest Notes Claims and have agreed to support confirmation of the Plan, including voting their respective Claims to accept the Plan.