Examples of Old Indenture Trustee in a sentence
The Reorganized Debtor or the Old Indenture Trustee, as applicable, may reasonably require the holder of such Claim to hold the Reorganized Debtor or the Old Indenture Trustee, as applicable, harmless up to the amount of any Distribution made in respect of such unavailable note, instrument, document, certificate, subordinated note, agreement, certificated security or other item evidencing such Claim.
Any actions taken by the Old Indenture Trustee on or after the Effective Date that are not for this purpose will be null and void as against the Debtors and Reorganized PHI, and Reorganized PHI will have no obligations to the Old Indenture Trustee for any fees, costs or expenses incurred in connection with any such actions.
Reorganized PHI will make all distributions required under the Plan, except for distributions made by the Old Indenture Trustee.
Notwithstanding any provision in the Plan to the contrary, the Old Senior Subordinated Notes Indenture will continue in effect to the extent necessary to allow the Old Indenture Trustee to receive and make distributions pursuant to the Plan on account of Old Senior Subordinated Notes Claims.
On the Effective Date, the Indenture Trustee shall receive an amount of Cash equal to the amount of its reasonable fees and expenses (including the reasonable fees and expenses of counsel retained by the Indenture Trustee), in accordance with and to the extent provided in the Old Indentures, whether incurred prior or subsequent to the Commencement Date, without application by or on behalf of the Old Indenture Trustee or its counsel to the Court.
All distributions provided for in the Plan on account of Old Senior Subordinated Notes Claims will be made to the Old Indenture Trustee for further distribution to individual Holders of Old Senior Subordinated Notes Claims.
Each Professional Person, Old Indenture Trustee or other Person that holds or asserts an Administrative Expense Claim that is a Fee Claim incurred before the Effective Date shall be required to file with the Bankruptcy Court, and serve on all parties required to receive notice, a final Fee Application within sixty days after the Effective Date.
In full satisfaction of Allowed Claims secured by Indenture Trustee Charging Liens, the Old Indenture Trustee will receive from Reorganized PHI Cash equal to the amount of such Claims, and any Indenture Trustee Charging Liens will be released.
In consideration for providing services related to distributions pursuant to the Plan, the Old Indenture Trustee and any other Entity employed by Reorganized PHI, as the case may be, will receive from Reorganized PHI without further Bankruptcy Court approval, reasonable compensation for such services and reimbursement of reasonable out-of-pocket expenses incurred in connection with such services.
In connection with the Plan, the Debtors, Reorganized PHI, the other Reorganized Debtor, the Collateral Agent, and the Old Indenture Trustee shall comply with all applicable withholding and reporting requirements imposed by federal, state, local and foreign taxing authorities, and all distributions hereunder shall be subject to such withholding and reporting requirements.