New First Lien Notes definition

New First Lien Notes means the 10.5% First Lien Senior Secured Notes due 2026.

New First Lien Notes means the new Canadian dollar 8.25% senior secured first lien notes due July 15, 2021, issued by the PNI (and guaranteed by PNCC and material restricted subsidiaries of PNCC and PNI) pursuant to the Plan and on terms and conditions acceptable to the Company and the Majority Second Lien Noteholder Supporting Parties. The New First Lien Notes shall be issued under the amended First Lien Notes Indenture with such modifications as set forth on Schedule “B” hereto, and such other modifications as may be agreed to by the Company and the Majority Second Lien Noteholder Supporting Parties.

New First Lien Notes means the 10.5% First Lien Senior Secured Notes due 2026 to be issued by the Issuer.

Examples of New First Lien Notes in a sentence

• Thresholds To be agreed by the Company and the Majority Second Lien Noteholder Supporting Parties acting reasonably for a transaction of this nature, but to be no more onerous than under the New First Lien Notes Indenture.

• On the Petition Date, or as soon as practicable thereafter, the Debtors will file a motion (the “Escrow Motion”) requesting an order from the Bankruptcy Court finding that New LLC and the Escrow Issuer are non-Debtor entities and that any proceeds of the New First Lien Notes Offering and the New Second Lien Notes Offering or other assets held by New LLC and Escrow Issuer will not be deemed property of the Debtors’ Estates and will not be consolidated with the Debtors’ assets or Estates.

• The New First Lien Notes will be fully redeemable at par on or after the Effective Date, on the terms and conditions set forth in, and subject to, the New First Lien Notes Documents, including, without limitation, any fees, make-whole payments, or premiums set forth therein.

• To the extent Holders of Allowed French RCF Claims elect to receive New First Lien Notes, such Holders will receive the New First Lien Notes and related guarantee and security packages under this Plan.

• The undersigned Participating Holder (the “Appointing Holder”) intends to subscribe for a portion of the New First Lien Notes to be issued by the Issuer upon the closing of the Exchange Offers and Consent Solicitations and wishes to fund a portion or all of the purchase price for its subscription of New First Lien Notes into the Escrow Account on the terms set forth in the Escrow Agreement, the Backstop Agreement and the Subscription Agreement, as applicable.

More Definitions of New First Lien Notes

New First Lien Notes means the new first lien notes, in an amount of the Allowed Secured Funded Debt Claims less the (i) principal amount of Allowed Termed Out French RCF Claims and (ii) Secured Funded Debt Claims Cash Payment, issued on the Effective Date by reorganized CGG Holding (U.S.) Inc. and guaranteed by the Guarantor Debtors and CGG pursuant to the New First Lien Notes Indenture. The New First Lien Notes will be subject to the New Intercreditor Agreements.

New First Lien Notes means any senior secured first lien notes issued by the Borrower for the purposes of refinancing its Indebtedness under the First Lien Bridge Credit Agreement (or, on or prior to the Closing Date, its undrawn commitments thereunder) or otherwise to fund a portion of the Acquisition in an aggregate principal amount not to exceed €1,500,000,000 and £300,000,000.

New First Lien Notes means those certain notes, in an aggregate principal amount of up to approximately $385 million, to be issued pursuant to the New First Lien Indenture.

New First Lien Notes means the senior secured first lien notes to be issued by the Reorganized Debtors pursuant to the terms and conditions set forth in the Debt Financing Commitment Letter.

New First Lien Notes means the $200,000,000 aggregate principal amount of 10.5% First Lien Secured Notes due 2026 issued by the Company on the Issue Date.

New First Lien Notes means those new first lien notes to be issued on the Effective Date pursuant to the New First Lien Note Indenture, the terms and conditions of which shall be materially consistent with the terms and conditions set forth in the Transaction Support Agreement and otherwise reasonably acceptable to the Required Consenting Parties and the Company.

New First Lien Notes means up to $105 million in aggregate principal amount of newly-issued senior secured notes issued in connection with the Exchange Offer on terms set forth in the Restructuring Term Sheet.