New Secured Note definition

New Secured Note means the note or other loan document or documents issued on account of the Prepetition Lender Secured Claims, which shall be secured by all assets of the Reorganized Debtors.
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New Secured Note means the note to be issued on the Effective Date jointly and severally by the Reorganized Debtors to the Creditor Trust in the principal amount of the New Secured Note Distribution. The New Secured Note shall be secured by a junior lien on Reorganized KCI's equity interests in Engineered Wire Products, Inc. and the proceeds thereof and shall be issued on terms and conditions generally consistent with those set forth in the Lock-Up Agreement.
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New Secured Note means the secured note to be issued by NNOC under the Plan and filed with the Bankruptcy Court as a Plan Document which (A) shall be in the aggregate principal amount equal to any deficiency under the DIP Facility as of the Effective Date, (B) shall bear interest at the rate provided in the DIP Credit Agreement, (C) shall be secured by a first priority security interest in, and lien on, the Trust Assets, and (D) shall be repaid first in full in Cash from the Net Consideration received from the post-Effective Date liquidation of the Trust Assets.
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Examples of New Secured Note in a sentence

  • As soon as reasonably practicable after the Effective Date, the Reorganized Debtor shall issue the New Class 5 Secured Note to the New Secured Note Indenture Trustee for the benefit of all holders of Allowed Secured Note Claims.

  • The registered holder of a New Secured Note (each, a “Holder” and, collectively, the “Holders”) will be treated as the owner of it for all purposes.

  • A holder of a New Secured Note or Working Capital Loan shall not be permitted to assign all or any portion of its New Secured Notes or Working Capital Loans, as applicable, to any Person or entity that is acting in the capacity of a “vulture fund.” The Exit Credit Facility Administrative Agent shall make the determination whether or not a Person is acting in the capacity of a “vulture fund” for this purpose.

  • It acknowledges that the Company, the New Secured Note Trustee and others will rely upon the truth and accuracy of the foregoing acknowledgments, representations and agreements and agrees that if any of the acknowledgments, representations or agreements deemed to have been made by its exchange of Existing Notes are no longer accurate, it shall promptly notify the Company and the New Secured Note Trustee.

  • Any gain or loss generally will be capital gain or loss (subject to the market discount rules discussed below), unless the New Secured Note is subject to the Contingent Payment Regulations and is sold or otherwise disposed of when there are remaining contingent payments due on the note under the projected payment schedule.

  • The interest rate of such New Secured Notes shall be retroactively increased by an additional 1.50% per annum during the period in which an Asset Coverage Noncompliance Period exists if a Default or Event of Default in relation a financial covenant under the New Secured Note Indenture has occurred with respect to the Fiscal Quarter immediately following the commencement of the applicable Asset Coverage Noncompliance Period.

  • In the event that a change in tax law or regulation or the interpretation thereof results in the Issuer being required to pay a tax gross up in respect of an affected New Secured Note and the Issuer cannot avoid any such payment obligation by taking reasonable measures available to it, the affected New Secured Notes will be redeemable by the Issuer at an amount equal to par plus accrued and unpaid interest to (but excluding) the redemption date.

  • The balance of the accrued interest owed on the Wohl Secured Claims will be treated as a general unsecured Claim in Class 3.1 under the New Secured Note option.

  • A New Secured Note in principal amount equal to the unredeemed portion of the original New Secured Note will be issued in the name of the Holder thereof upon cancellation of the original New Secured Note.

  • None of the Existing Public Note Indenture Trustee, New Secured Note Trustee or their respective professionals shall be required to file any application or request for payment with the Court, and no approval by the Court of the payment of such fees and expenses shall be required.


More Definitions of New Secured Note

New Secured Note means that secured promissory note to be issued by Insightra Medical, Inc. to GPB Life Science in the amount of up to $2,850,000 representing $2,100,000 in exchange for a portion of the GPB Secured Claim and up to$750,000 for the repayment of the DIP Facility Claims. The New Secured Note will be guaranteed by all of Insightra Medical’s Inc.’s assets and subsidiaries. The New Secured Note will toggle between cash pay and payment in kind for interest repayments depending on the Reorganized Debtors’ cash flows. The amount of the New Secured Note may be increased on or after the Effective Date for new money loaned to the Company by GPB based upon the Company’s cash needs.
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Related to New Secured Note

  • New Secured Notes means the $550 million of first lien secured notes to be issued by New Valaris Holdco comprising (i) the Rights Offering New Secured Notes to be issued in the Rights Offering on the terms set forth in the New Secured Notes Term Sheet attached as Exhibit 2 to the Restructuring Term Sheet and the Rights Offering Procedures, (ii) the Holdback Notes to be issued on the terms set forth in the Backstop Agreement,

  • New Security means the establishment of a position which is not currently held by a client portfolio on the day the position is established.

  • Secured Note means each promissory note with a related security interest evidenced by written agreement, pursuant to which the purchase of specified assets by an Obligor or End-User is financed for specified monthly, quarterly, semiannual or annual payments.

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

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • New Securities Indenture means an indenture between the Company and the New Securities Trustee, identical in all material respects to the Indenture (except that the interest rate step-up provisions will be modified or eliminated, as appropriate).

  • New Note shall have the meaning assigned to such term in Section 38.

  • Initial Note means each initial Governmental Lender Note registered by the Comptroller and subsequently canceled and replaced by a definitive Governmental Lender Note pursuant to this Funding Loan Agreement.

  • New Securities means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities.

  • Bridge Note means a promissory note made by the Borrower in favor of a Bridge Lender, evidencing Bridge Loans made by such Bridge Lender, substantially in the form of Exhibit C-2.

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Retained Note means any Notes held by the Issuer (or any other person treated as the same person as the Issuer for U.S. federal income tax purposes), but only so long as such Notes are held by such entity, until such time as such Notes are transferred in accordance with the terms and conditions of Section 2.04 of the Indenture.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Initial Note A-3 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Junior Notes means Note B-1, Note B-2, Note B-3 and Note B-4.

  • Owned Note shall have the meaning assigned to such term in Section 32.

  • Initial Note A-5 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.