Examples of New Tranche A Term Notes in a sentence
The New Tranche A Term Notes shall be issued by PCA or its successor in interest to such persons as are entitled thereto pursuant to Section 7.1 of the Plan in the form of a New Tranche A Indenture Note issued pursuant to the New Tranche A Indenture or a New Tranche A Loan Note issued pursuant to the New Tranche A Credit Facility (but not a combination thereof) in accordance with the following provisions of this Section 9.1(j).
Treatment: The Holders of the Allowed Class 2 Claims will receive in the aggregate (by and through the Administrative Agent) (A) the New Tranche A Term Notes; (B) the New Tranche C PIK Notes; (C) 2,168,536 shares of Issued New Common Stock; and (D) 90.2% of any Excess Cash.
The total amount of New Tranche A Term Notes and New Tranche C PIK Notes to be distributed to Holders of Class 2 Claims, the total amount of New Tranche B Term Notes and New Tranche D PIK Notes to be distributed to Holders of Class 3 Claims and the total amount of New Tranche E PIK Notes to be distributed for the benefit of Holders of Class 4, 5 and 6 Claims shall be adjusted as necessary to account for the rounding provided in this Section 3.04(a).
Holders of Allowed PCA U.S. Secured Term and Note Claims and Allowed PCA Canadian Secured Term and Note Claims that do not return the Election Form or that do not return a properly completed Election Form within the time and in the manner specified in such Election Form will be deemed to have irrevocably elected to receive their respective Pro Rata Shares of the New Tranche A Term Notes in the form of a New Tranche A Indenture Note issued pursuant to the New Tranche A Indenture.
Section 9.1(j) of the Plan is hereby deleted in its entirety and replaced by the following: (j) New Tranche A Term Notes Election.
The distribution of New Tranche A Term Notes, New Tranche C PIK Notes, Excess Cash and New Common Stock to be made on account of the Allowed Secured Credit Facility Claims shall be made by Reorganized WebLink to the Administrative Agent for delivery by the Administrative Agent to individual Holders of such Claims in accordance with the provisions of the Prepetition Bank Credit Facility, or as otherwise agreed between the Administrative Agent and any Holder of an Allowed Secured Credit Facility Claim.
New Tranche A Term Notes...................................................................
The New Tranche B Notes, the New Tranche A Term Notes and the New Other Secured Notes have been issued in accordance with and in compliance with all applicable laws, including Bankruptcy Laws, the Securities Act, the Securities Acts of each of Canada's provinces, and all other applicable federal, state and provincial securities laws, each as amended.
Former holders of Exchanged Allowed PCA Canadian Term Loan Claims that did not receive shares of the New Common Stock and the New Tranche A Term Notes pursuant to clause (o) above shall receive their proportionate share of the New Common Stock and the New Tranche A Term Notes based on the same formula used in clause (o) above to determine the proportionate share received by the holders mentioned in clause (o) above.
Any New Tranche A Term Notes and New Tranche B Notes that would otherwise have been distributed in multiples of other than whole dollar amounts shall be rounded as follows: (i) amounts that end with a decimal amount of less than $0.50 shall be reduced to the next lower whole dollar amount and (ii) amounts that end with a decimal amount of $0.50 or greater shall be increased to the next higher whole dollar amount.