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 $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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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.

  • 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.

  • 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.

  • The New PIK Notes are issued as payment of interest on the Existing PIK Notes in accordance with their terms.Guarantors GUARANTORSCEVA and certain of CEVA's operating subsidiaries located in Australia, Belgium, Brazil, Canada, the Cayman Islands, Germany, Hong Kong, Luxembourg, The Netherlands, the United Kingdom and California, Delaware, Florida and Texas in the U.S., guarantee the 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.

  • If adopted, these potential changes in IFRS regarding how we and our customers are required to account for leases could have a material adverse effect on our business, results of operations and financial condition.Business USE OF PROCEEDSThere have been no cash proceeds to the Issuer in connection with the issuance of the New PIK Notes.

  • DESCRIPTION OF PIK NOTES Unless 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.

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

  • If adopted, these potential changes in IFRS regarding how we and our customers are required to account for leases could have a material adverse effect on our business, results of operations and financial condition.Business USE OF PROCEEDS There have been no cash proceeds to the Issuer in connection with the issuance of the New PIK Notes.


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 10.750% unsecured PIK notes issued by the Company pursuant to the 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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New PIK Notes means the New PIK Notes issued pursuant to the Third Priority Note Purchase Agreement.
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Related to New PIK Notes

  • PIK Notes means additional Notes issued under this Indenture on the same terms and conditions as the Notes issued on the Closing Date in connection with the payment of PIK Interest.

  • 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 has the meaning set forth in the recitals hereto.

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

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • 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 under this Indenture in accordance with Sections 2.02 and 4.09 hereof, as part of the same series as the Initial Notes.

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

  • 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 (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 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 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • 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.

  • 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.

  • 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.

  • Series A Debentures means the Series A 9-7/8% Junior Subordinated Deferrable Interest Debentures due February 15, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.

  • Holdco Notes means the $1,000,000,000 aggregate principal amount of 11 1/2% Senior PIK Notes due 2016 issued by Holdings.