New Convertible Notes definition

New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

New Convertible Notes means Emergent’s 5.0% Senior Unsecured Convertible Notes due 2023 issued pursuant to the New Convertible Note Indenture.

New Convertible Notes means the $237,500,000 (as adjusted pursuant to Section 3.3(2)(b)) aggregate principal amount of 4.75% Senior Secured Convertible Notes due 2016 of Reorganized Spansion Inc. having the terms and conditions summarized on Exhibit A. The New Convertible Notes will be guaranteed by certain Affiliates of Reorganized Spansion Inc. and secured by a Lien on substantially all of the Property and Assets of the Reorganized Debtors and their domestic subsidiaries, subject only to the senior Liens of the Exit Financing Facility (solely respecting accounts receivable, inventory and deposit accounts of Reorganized Spansion LLC), New Senior Notes, the Secured Credit Facility (solely respecting the Class 1 Collateral) and Permitted Liens as defined in the New Convertible Notes Documents. The New Convertible Notes also may be converted into shares of New Spansion Common Stock at a purchase price per share equal to: (i) the Adjusted Plan Equity Value for Conversion Price Calculation; (ii) plus $100 million; (iii) divided by 50 million; (iv) multiplied by 115% (the “Conversion Price”).

Examples of New Convertible Notes in a sentence

• As promptly as practicable after the Closing Date (and in any event within thirty (30) days after the Closing Date) Emergent shall file a registration statement providing for the registration for resale under the Securities Act of the Shares, the Warrant Shares, the New Convertible Notes and the shares of Common Stock into which the New Convertible Notes may be converted (such registration statement, the “Registration Statement”).

• Any Non-Complying Holder that fails to cure its non-compliance with the New Convertible Notes Offering Procedures within thirty (30) days after the Effective Date shall be deemed to have forfeited its Claim for distributions on account of its General Unsecured Claim against LATAM Parent and shall be forever barred and enjoined from asserting any such Claim for distributions against the Debtors or their Estates, the Reorganized Debtors or their property.

• In addition, New Convertible Notes Class C, to the extent not subscribed and purchased by Eligible Equity Holders during the New Convertible Notes Preemptive Rights Offering Period, shall be distributed to New Convertible Notes Class C Backstop Parties and the other Participating Holders of General Unsecured Claims as provided under Class 5 with respect to Class 5b Treatment.

• To the extent any Participating Holder of General Unsecured Claims that elected to receive Class 5b Treatment does not receive a full allocation on account of its Allowed Class 5 Claim, the remaining amount of such Allowed Class 5 Claim shall receive Class 5a Treatment and shall receive New Convertible Notes Class A and New Convertible Notes Class A Preemptive Rights Proceeds with respect to such amount (as an Unused Allowed Claim).

• All New Senior Secured Notes, New Convertible Notes, New Common Stock, and New LP Units to be distributed under the Plan shall be issued on the Effective Date regardless of when the distribution of such instrument actually occurs.

More Definitions of New Convertible Notes

New Convertible Notes means the 9%/13% second-lien convertible payment-in-kind toggle Notes issued pursuant to the New Convertible Notes Indenture, in the initial aggregate principal amount as of the Effective Date of $35,000,000.

New Convertible Notes means, collectively, the New 2019 Convertible Notes and the New 2020 Convertible Notes.

New Convertible Notes means, collectively, the New Convertible Notes Class A, New Convertible Notes Class B and New Convertible Notes Class C.

New Convertible Notes means the Company's 6% Convertible Subordinated Notes due 2010 in an aggregate principal amount not to exceed $862,500,000.

New Convertible Notes means the Company’s 6.50% Senior Secured Convertible Notes Due 2009.

New Convertible Notes has the meaning set forth in the Registration Statement.

New Convertible Notes means the 9%/13% second-lien convertible payment-in-kind notes issued pursuant to the New Convertible Notes Indenture, in an original aggregate principal amount, as of the Effective Date, of $35,000,000.