New PIK Notes definition

New PIK Notes means the new PIK notes issued by Reorganized Comdisco and New Leasing Company on the Effective Date in an aggregate face amount of at least $500 million bearing interest at 11.0% and maturing three years from the date of issuance and governed by the terms of the New PIK Notes Indenture.
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New PIK Notes means, if any, the notes issued pursuant to the New PIK Notes Indenture.
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New PIK Notes means those certain unsecured notes issued pursuant to the New PIK Notes Indenture.
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Examples of New PIK Notes in a sentence

  • No appraisals of the fair market value of any collateral have been prepared in connection with the offering of the New PIK Notes or in connection with the previous issuance of the Existing PIK Notes.

  • If he doesn’t, he cannot decrypt the master key, because it requires the client’s ElGamal private key.An alternative attack is to substitute data after the negotiation is complete.

  • On the Effective Date, or as soon as reasonably practicable after, the Reorganized Debtors shall issue (i) for distribution in accordance with the terms of the Plan, the New Common Shares, the New Senior Notes, the New PIK Notes and the Contingent Equity Distribution to the Disbursing Agent, and (ii) the New Subsidiary Companies Common Shares to Reorganized Comdisco.

  • The issuance of the New Common Shares, the New Senior Notes and the New PIK Notes and, to the extent they are securities, the Contingent Equity Distribution, and the distribution thereof shall be exempt from registration under applicable securities laws pursuant to section 1145(a) of the Bankruptcy Code.

  • The New PIK Notes are issued as payment of interest on the Existing PIK Notes in accordance with their terms.

  • USE OF PROCEEDSThere have been no cash proceeds to the Issuer in connection with the issuance of the New PIK Notes.

  • The holders of Rights hereby acknowledge and agree that holders of New Senior Notes, New PIK Notes, and New Common Shares shall have and owe no duties whatsoever, whether under the Plan, in contract, by statute, by case law, in equity or otherwise, to the holders of Rights to cause any vote to be taken or to consent to the institution or making of any claim or lawsuit and may act solely in their own self-interest with respect to all such matters.

  • The consent of a majority in amount of each of the New Senior Notes and the New PIK Notes, and a majority of the issued and outstanding New Common Shares, as applicable, shall be required to conduct such a vote.

  • DESCRIPTION OF PIK NOTESUnless the context requires otherwise, all definitions contained in this section "Description of the PIK Notes" are for the purposes of this section only and all references in this section to the "PIK Notes" are to the PIK Notes, including the New PIK Notes and the Existing PIK Notes.

  • In reliance upon these exemptions, the distribution of the New Common Stock, New Preferred Stock, if applicable, New PIK Notes, if applicable, and New Second Lien Notes pursuant to the Plan will not be registered under the Securities Act or any state “blue sky” law requirements.


More Definitions of New PIK Notes

New PIK Notes means those certain unsecured notes issued pursuant to the New PIK NotesIndenture.
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New PIK Notes means the New PIK Notes issued pursuant to the Third Priority Note Purchase Agreement.
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New PIK Notes means $60 million in unsecured convertible notes to be issued by Reorganized Speedstar with the terms set forth in the Plan Supplement, and consistent with the terms set forth in the Restructuring Support Agreement.
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New PIK Notes means the 10.750% unsecured PIK notes issued by the Company pursuant to the Indenture.
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Related to New PIK Notes

  • PIK Notes means Additional Notes issued under this Indenture in connection with a PIK Payment, with the same terms as the Initial Notes, except that interest on any PIK Notes shall accrue from their date of issuance.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Initial Notes means the first $500,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Additional Notes means additional Notes (other than the Initial Notes) issued from time to time under this Indenture in accordance with Sections 2.01 and 4.09 hereof.

  • New Senior Notes has the meaning set forth in the recitals hereto.

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

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Series D Notes is defined in Section 1.

  • 2020 Notes means the 6.875% Senior Notes due 2020, issued by Pride International LLC, a Delaware limited liability company.

  • 2022 Notes means the 6.25% Senior Notes due 2022 issued by the MLP and Finance.

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • 2018 Notes means the Company’s 7.75% Senior Subordinated Notes due 2018 issued under the Indenture dated December 14, 2010 among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee.

  • 2029 Notes has the meaning specified in the recitals of this Supplemental Indenture.

  • B Notes means each of Note B-1 and Note B-2.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Additional Senior Notes shall have the meaning assigned to such term in Section 11.2(b).

  • Series B Equipment Notes means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.