Examples of New Subordinated Note Indenture in a sentence
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Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement (other than the New Subordinated Note Indenture) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.
Subject to the Restructuring Transactions, as set forth in Section VI.G, for the deemed benefit of the holders of the New Securities, General Chemical Corporation (as reorganized) will retain its equity interests in Noma Company, subject to any applicable restrictions arising under the Exit Facility, the New Senior Note Indenture, and the New Subordinated Note Indenture.
After giving effect to the transactions contemplated hereby, no default or event of default has occurred and is continuing under the Senior Loan Agreement or the New Subordinated Note Indenture.
In order to preserve GenTek's corporate structure subject to the Restructuring Transactions, and for the deemed benefit of the holders of the New Securities, subject to any applicable restrictions arising under the Exit Facility, the New Senior Note Indenture, and the New Subordinated Note Indenture, each such Subsidiary Debtor (other than Noma Company) will issue new common stock which will, be held by its former majority stockholder or any successor thereto under the Restructuring Transactions.