New Tranche B Notes definition

New Tranche B Notes means the [9%] junior secured notes due [2009] (to be junior in priority only to New Tranche A Notes) in the amount of $500 million to be issued by the Reorganized Debtor pursuant to the terms of the applicable New Indenture and distributed to holders of Class 3 Claims pursuant to Section 6.1 hereof.
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New Tranche B Notes means indebtedness of PCI Chemicals Canada Company in an aggregate principal amount of $150,000,000 as evidenced by the notes issued by PCI Chemicals Canada Company pursuant to the New Tranche B Notes Indenture.
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New Tranche B Notes means the notes provided for in the form of Indenture annexed to the Disclosure Statement as Appendix "3".
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Examples of New Tranche B Notes in a sentence

  • No: (i) Cash payment of less than $50.00; (ii) Distribution of less than $1,000 face value of New Tranche A Notes; or (iii) Distribution of less than $1,000 face value of New Tranche B Notes, shall be required to be made to the holder of any Claim.

  • On the date hereof, and simultaneous with the effectiveness hereof, WLR IV Parallel ESC, L.P., WLR Recovery Fund III, L.P., and WLR Recovery Fund IV, L.P. (the “WLR Purchasers”) shall collectively purchase not more than $5,000,000 of New Tranche B Notes.

  • The Confirmation Order will provide that the offer and sale of the New Common Stock, New Tranche A Notes, and New Tranche B Notes issued pursuant to the Plan are exempt from registration pursuant to section 1145(a) of the Bankruptcy Code and that the New Common Stock, New Tranche A Notes, and New Tranche B Notes may be resold by the holders thereof without restriction, except to the extent that any such holder is deemed to be an "underwriter" as defined in section 1145(b)(1) of the Bankruptcy Code.

  • No: (i) Cash payment of less than $50.00; (ii) Distribution of less than $1,000 face value of New Tranche A Notes; (iii) Distribution of less than $1,000 face value of New Tranche B Notes; or (iv) Distribution of less than [ ] shares of New Common Stock, shall be required to be made to the holder of any Claim.

  • On the later of each Distribution Date and ten (10) Business Days after the date on which a Class 3 Claim becomes an Allowed Class 3 Claim, each holder of an Allowed Class 3 Claim shall receive its Ratable Share of: (a) 100% of the shares of the New Common Stock subject to dilution by the New Stock Option Plan; (b) the New Tranche A Notes; (c) the New Tranche B Notes; and (d) Excess Cash.

  • Each of the Company and each of the Tranche B Purchasers agrees that the rights and obligations in respect of the Tranche B Notes, as modified hereby, and the New Tranche B Notes are and shall remain in all respects subject to the terms and provisions of the Debt Subordination Agreement.

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  • On the date hereof, the Company will deliver to each WLR Purchaser the New Tranche B Notes to be purchased by such WLR Purchaser, such New Tranche B Notes to be in substantially the form attached hereto as Exhibit A (the “Form New Tranche B Note), against delivery by such WLR Purchaser to the Company of immediately available funds in the amount of the purchase price therefor (the “Initial New Tranche B Purchase”).

  • The liens of the lenders under the New Tranche A Notes will be senior to the liens of the lenders under the New Tranche B Notes.

  • The rights of the Lenders, the New Tranche A Notes Holders and the New Tranche B Notes Holders rank senior in right of payment to all Indebtedness and obligations of each Obligor and each Obligor Subsidiary (except with respect to the Exit Facility, in relation to which such rights rank pari passu).


More Definitions of New Tranche B Notes

New Tranche B Notes has the meaning assigned to such term in the Plan.
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Related to New Tranche B Notes

  • Tranche B Notes is defined in Section 1.

  • 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.

  • Tranche A Notes is defined in Section 1.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Class B Notes means the Class B 5.03% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

  • Series B Notes is defined in Section 1.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • 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.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Tranche A Note means a promissory note of the Borrower payable to the order of any Tranche A Bank, in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of the Borrower to such Tranche A Bank resulting from Tranche A Advances.

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.10% per annum with respect to the Class A Notes.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].