Notes PropCo definition

Notes PropCo means NMG Notes PropCo LLC, a Delaware limited liability company that is a Subsidiary of the Issuer formed to hold the Notes Priority PropCo Assets.
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Notes PropCo means NMG Notes PropCo LLC, a Delaware limited liability company that is a Subsidiary of the Borrower formed solely to hold the Real Property interests consisting of Notes PropCo Assets; provided, however, that in the event no Notes Priority Real Estate Assets are contributed to the Notes PropCo as of the post-closing deadline (subject to any applicable extensions) to put in place mortgages over the Notes Priority Real Estate Assets set forth on Schedule 5.15, Notes PropCo shall be permitted to be liquidated or dissolved pursuant to Section 6.05(1)(g) after the Fourth Amendment Effective Date.
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Notes PropCo means NMG Notes PropCo LLC, a Delaware limited liability company that is a Subsidiary of the Parent Guarantor formed solely to hold the Real Property interests consisting of Notes PropCo Assets to the extent any such Notes PropCo Assets are Non-Mortgageable Leases; provided, however, that in the event no Notes PropCo Assets are contributed to or held by Notes PropCo as of the post-closing deadline (subject to any applicable extensions) to put in place mortgages over (or so contribute) the Notes PropCo Assets set forth in the Extended Term Loan Credit Agreement, Notes PropCo shall be permitted to be liquidated or dissolved after the date hereof without the consent of the Noteholders or Trustee.
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Examples of Notes PropCo in a sentence

  • The PropCo Equity Election may not reduce the aggregate principal amount of CPLV Mezzanine Debt (if any), PropCo First Lien Notes, PropCo First Lien Term Loan, and PropCo Second Lien Notes by more than $1,250,000,000.

  • A Holder making a PropCo Equity Election will receive $1 in value of PropCo Common Equity (at an assumed valuation of $1.620 billion for 100 percent of PropCo Common Equity on a fully diluted basis) for every $1 in aggregate principal amount of PropCo First Lien Notes, PropCo First Lien Term Loan, PropCo Second Lien Notes, and CPLV Mezzanine Debt (if any) that such Holder would otherwise receive under the Plan.

  • No assets that may be pledged to secure the Notes Obligations may be held by Notes PropCo, and Notes PropCo shall not incur any Liens to secure Indebtedness or trade payables.

  • While Notes PropCo holds Notes Priority PropCo Assets, Notes PropCo shall not dissolve or liquidate or merge or consolidate with an Issuer or a Restricted Subsidiary.

  • Notes PropCo shall not have any Subsidiaries and may not make any Investments in any Person.

  • PropCo that has a higher priority in right of payment than the Guarantee by Notes PropCo of the Indebtedness being refinanced; and (e) Indebtedness incurred to refinance any Indebtedness Guaranteed by 2019 Extended Term Loan PropCo may not have the benefit of a Guarantee by 2019 Extended Term Loan PropCo that has a higher priority in right of payment than the Guarantee by 2019 Extended Term Loan PropCo of the Indebtedness being refinanced.

  • SECTION 11.2. Extended Term Loan Priority Real Estate Collateral and Extended Term Loan PropCo Equity Interests 163 SECTION 11.3. Notes Priority Real Estate Collateral and Notes PropCo Equity Interests 164 SECTION 11.4. Notes Collateral Agent 164 SECTION 11.5. Authorization of Actions to Be Taken 165 SECTION 11.6. Release of Collateral 166 SECTION 11.7. Filing, Recording and Opinions 167 SECTION 11.8. Powers Exercisable by Receiver or Trustee 167 SECTION 11.9. Voting 168 SECTION 11.10.

  • SECTION 11.2. Extended Term Loan Priority Real Estate Collateral and Extended Term Loan PropCo Equity Interests 163 SECTION 11.3. Notes Priority Real Estate Collateral and Notes PropCo Equity Interests 164 SECTION 11.4. Notes Collateral Agent 164 SECTION 11.5. Authorization of Actions to Be Taken 165 SECTION 11.6. Release of Collateral 166 SECTION 11.7. Filing, Recording and Opinions 167 SECTION 11.8. Powers Exercisable by Receiver or Trustee 168 SECTION 11.9. Voting 168 SECTION 11.10.

Related to Notes PropCo

  • Second Lien Notes Indenture has the meaning set forth in the recitals hereto.

  • Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent”, the “Company” or any other person shall be construed so as to include its successors in title, permitted assigns and permitted transferees and, in the case of the Security Agent, any person for the time being appointed as Security Agent or Security Agents in accordance with this Agreement;

  • Additional Senior Debt Facility means each indenture or other governing agreement with respect to any Additional Senior Debt.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).