Examples of New Senior Unsecured Notes in a sentence
None of the Company, nor its directors or officers, shall have any liability or obligation in respect of any deliveries, directly or indirectly, from, as applicable, (i) the Proposal Trustee, (ii) the New Senior Unsecured Notes Trustee, (iii) CDS, or (iv) the Intermediaries, in each case to the ultimate beneficial recipients of any consideration payable or deliverable by the Company pursuant to this Proposal.
In connection with the Company’s Proposal, this contingency was settled effective January 26, 2021 for consideration in the form of New Senior Unsecured Notes in the amount of $145,245 and the issuance of 23,429 new common shares.
The New Senior Unsecured Notes issued pursuant to this Proposal shall each be issued in minimum increments of $1.00, and the amount of New Senior Unsecured Notes that each Affected Creditor shall be entitled to under this Proposal shall in each case be rounded down to the nearest multiple of $1.00 without compensation therefor.
As reflected in the table above, Affected Creditors with Proven Claims will receive a pro-rata distribution based on the value of their claims with New Senior Unsecured Notes totaling $23 million and 3,700,000 New Common Shares.
All New Senior Unsecured Notes and New Common Shares to be distributed under this Proposal shall be delivered by the Company to the Proposal Trustee for distribution by the Proposal Trustee in accordance with this Proposal and, notwithstanding any other provisions hereunder, any distributions made pursuant to the terms hereof shall be made net of the Superintendent's Levy required to be made pursuant to the BIA, such Superintendent's Levy to be paid in New Senior Unsecured Notes and New Common Shares.