Examples of New Senior Secured Notes Indenture Trustee in a sentence
New Senior Secured Notes Indenture Trustee shall be as designated at the Confirmation Hearing and have the meaning set forth in the Confirmation Order.
New Senior Secured Notes Indenture means the Indenture between Reorganized TransTexas, as issuer, and the New Senior Secured Notes Indenture Trustee, as indenture trustee, which indenture relates to the New Senior Secured Notes, substantially in the form as Filed on or prior to the Confirmation Date.
There can be no assurance that the New Senior Secured Notes Indenture Trustee will be able to foreclose on or dispose of any of the Collateral without substantial delays and other risks or that the proceeds obtained therefrom will be sufficient to pay all amounts owing to holders of the New Senior Secured Notes.
The New Senior Secured Notes Indenture and the New Secured Notes Security Documents will provide that the security interest of the New Senior Secured Notes Indenture Trustee in the Collateral securing the New Senior Secured Notes will be subordinated to the security interests securing the Extended Bondholder DIP Facility and the Post Confirmation Credit Facility.
The foregoing injunction shall not apply to Firstar as the New Senior Secured Notes Indenture Trustee.
In addition, if Reorganized TransTexas becomes a debtor in a new case under the Bankruptcy Code, the automatic stay imposed by the Bankruptcy Code would prevent the New Senior Secured Notes Indenture Trustee from selling or otherwise disposing of the Collateral without the Bankruptcy Code authorization.
The foregoing shall not apply to Firstar as the New Senior Secured Notes Indenture Trustee.
Firstar is hereby authorized to serve as the New Senior Secured Notes Indenture Trustee, and if Firstar is unable or unwilling to serve, the Debtor is hereby authorized and directed, with the consent of the Bondholder Committee, to select an alternative to serve as the New Senior Secured Notes Indenture Trustee.
Company’s board of directors has directed that this Agreement be submitted to Company’s shareholders for approval and, except for the receipt of the Requisite Company Shareholder Approval in accordance with the MBCA, Company’s Articles of Organization and Bylaws, no other vote of the shareholders of Company is required by Law, Company’s Articles of Organization or Bylaws to approve this Agreement and the transactions contemplated by this Agreement.