New Third Lien Notes definition

New Third Lien Notes means the senior secured notes authorized and issued pursuant to the Plan by Lyondell Chemical on the Effective Date, the terms of which are governed by the New Third Lien Notes Indenture. The New Third Lien Notes shall include the principal terms set forth in Exhibit A-4 hereto.
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New Third Lien Notes means the New Third Lien Notes due 2024 issued under that certain indenture, dated as of June 7, 2019, by and among the Issuers, Neiman Marcus Group, LLC, the Subsidiary Co-Issuer and Wilmington Trust, National Association, as trustee.
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New Third Lien Notes has the meaning set forth in the Recitals.
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Examples of New Third Lien Notes in a sentence

  • For purposes of distribution, fractions of New Third Lien Notes, Cram Down Notes and New Common Stock shall be rounded down to the nearest whole number.

  • On the Effective Date, Lyondell Chemical will authorize and issue the New Third Lien Notes.

  • No New Third Lien Notes or Cram Down Notes shall be distributed under the Plan in increments of less than $1,000.

  • To the extent that the requisite majority of holders (in both number and amount of claims) of Allowed DIP Roll Up Claims cause Class 3 to accept the Plan, all holders of Allowed DIP Roll-Up Claims shall receive New Third Lien Notes in the same principal amount as such Allowed Claims, no holder of an Allowed DIP Roll Up Claim shall receive any Cram Down Notes, and the Debtors shall not issue the Cram Down Notes.

  • The issuance of the New Common Stock and New Third Lien Notes pursuant to the Plan shall be exempt from any securities laws registration requirements to the fullest extent permitted by section 1145 of the Bankruptcy Code, Section 4(2) of the Securities Act and any other applicable exemptions.


More Definitions of New Third Lien Notes

New Third Lien Notes issued by the Borrower and (ii) New Warrants (as defined below) issued by the Parent, the proceeds of such New Third Lien Notes and New Warrants to be used by the Borrower for general working capital purposes;
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New Third Lien Notes has the meaning specified in the recitals hereto.
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New Third Lien Notes has the meaning set forth in the Access Agreement.
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New Third Lien Notes means new U.S. Dollar third lien notes due 2023 in the aggregate principal amount of US$50 million to be issued on the Effective Date by Bellatrix with (i) a maturity of December 15, 2023, (ii) an option for Bellatrix to pay interest at a rate of (A) (1) 12.5% (of which 9.5% shall be deferred and added to principal and 3.0% shall be paid in cash) until December 31, 2021, and (2) 9.5% paid in cash after December 31, 2021, or (B) 9.5% paid in cash, (iii) security on collateral on a third priority basis to the liens securing the obligations under the Existing Second Lien Note Purchase Agreement, (iv) an option for Bellatrix to repay the New Third Lien Notes in full or in part, at any time, and from time to time, without any penalty or premium, and (v) such other terms and conditions as agreed by Bellatrix and the Initial Consenting Noteholders, each acting reasonably;
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New Third Lien Notes has the meaning ascribed to such term in the Recapitalization Term Sheet.
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New Third Lien Notes means the 11.000% notes due on May 1, 2018, issued by the Issuer as amended, supplemented, modified, extended, restructured, renewed, restated, refinanced, defeased or replaced in whole or in part from time to time.
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New Third Lien Notes means collectively the newly issued 8.000% Third Lien Senior Secured Notes due 2024 (the “New 8.000% Third Lien Notes”) and the newly issued 8.750% Third Lien Senior Secured Notes due 2024 of the Issuers.
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