New Series B Notes definition

New Series B Notes means the Series B Notes that will be issued by Lamington and distributed by the Debtor to the Holders of the Convertible Unsecured Notes Claims upon the Effective Date, subject to the right of the Convertible Unsecured Notes Trustee to exercise its Convertible Unsecured Notes Charging Lien against such distribution for any unpaid Convertible Unsecured Notes Trustee Fees. The form of the New Series B Notes will be included in the Plan Supplement and will be consistent in all material respects with the Restructuring Support Agreements and/or otherwise in form and substance acceptable to the Debtor and the Requisite Parties.
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New Series B Notes means the Series B Notes that will be issued by
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New Series B Notes means the new secured notes in the principal amount of $20 million to be issued by Reorganized WPSC pursuant to the New Series B Note Indenture to the holders of Class 5 Claims and having substantially the terms set forth in Exhibit A2 hereto.
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Examples of New Series B Notes in a sentence

  • Gambling creates a great economic imbalance; the fortunate becomes richer, whilst the less fortunate becomes poorer and his loss is complete.

  • The New PPN SARs will be issued in order to allow new PPNs to be issued to correspond to new Grantor Trust Certificates to be issued upon the exercise of the New SARs. The New Series A Notes, the New Series B Notes, the New PPNs, the Grantor Trust Certificates, the New Unvested Warrants, the New PPN Warrants, the New SARs, and the New PPN SARs are collectively referred to as the “Restructuring Securities”.

  • Tendering holders should indicate, in the applicable box or boxes, the name and address (or account at DTC) to which New Series B Notes or substitute Old Series B Notes for principal amounts not tendered or not accepted for exchange are to be issued or sent, if different from the name and address of the person signing this Letter of Transmittal.

  • The following will constitute events of default under the New Series B Notes: (a) the Issuer shall fail to pay any interest, in cash or in kind, on the New Series A or New Series B Notes after the same shall become due and payable, (b) the Issuer shall fail to redeem the Restructuring Securities in accordance with the Payment Priority Waterfall, or (c) any proceeding shall be instituted by or against the Issuer under any law relating to bankruptcy, insolvency, or reorganization.

  • U.S. Holders are urged to consult their own tax advisors regarding the application of the “previously taxed income” rules to their New Series A Notes, New Series B Notes and/or New PPNs held indirectly through Grantor Trust Certificates, including, among others, their qualification as a “successor in interest” for purposes of such rule and information reporting obligations prescribed by Treasury Regulations Section 1.959-1(d).

  • Lamington shall redeem the outstanding New Series B Notes for cash at a price equal to the unpaid principal balance thereof plus all accrued and unpaid interest, upon the earlier of (i) the Maturity Date; (ii) the acceleration of all obligations under the New Series B Notes following the occurrence of a New Series B Event of Default (as defined below); and (iii) a Deemed Liquidation.

  • Distributions received by such U.S. Holder with respect to such New Series A Notes, New Series B Notes and/or New PPNs held indirectly through Grantor Trust Certificates should be excluded from such U.S. Holder’s gross income to the extent of such U.S. Holder’s PTI account with respect to such New Series A Notes, New Series B Notes and/or New PPNs held indirectly through Grantor Trust Certificates.

  • With respect to payments of interest and rights upon liquidation, winding up or dissolution (whether voluntary or involuntary) or sale of the Issuer of all or substantially all of its assets, the New Series B Notes will rank senior to the New PPNs, but junior to the New Series A Notes.

  • The New Series B Notes will initially carry a cash interest rate of 5.0% per annum, compounded semi-annually, subject to increase as described below.

  • For the avoidance of doubt, except with the written consent of the Investor to a different application of Netting against any Unpaid Amounts, in the event of Optional Netting pursuant to paragraph (a) above, if Unpaid Amounts exist with respect to both the New Series B Notes and other Underlying Agreements, the Netting shall be applied first to obligations under such other Underlying Agreements (until such obligations are satisfied in full) and thereafter to obligations under the New Series B Notes.


More Definitions of New Series B Notes

New Series B Notes shall have the meaning provided in Section 1(b).
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Related to New Series B Notes

  • Series B Notes is defined in Section 1.

  • Series C Notes is defined in Section 1.

  • Tranche B Notes is defined in Section 1.1.

  • Series A Notes is defined in Section 1.

  • Class B Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-2.

  • Series D Notes is defined in Section 1.

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

  • Additional Series Equipment Notes means Equipment Notes issued under the Indenture and designated as a Series (other than “Series AA” or “Series A”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Class C Notes has the meaning assigned to such term in the Indenture.

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

  • Additional Series or “Additional Series Equipment Notes” means Equipment Notes issued under the Indenture and designated as a Series (other than “Series AA” or “Series A”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

  • 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.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Series B or “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.

  • Tranche A Notes is defined in Section 1.1.

  • Series C or "Series C Equipment Notes" means Equipment Notes issued and designated as "Series C" hereunder, in the Principal Amount and maturities and bearing interest as specified in Section 2.02 and Schedule I hereto under the heading "Series C."

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

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • Series A Issue Price means $39.2253 per Series A Preferred Unit.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

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

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

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