Examples of Old Note Indenture in a sentence
Notwithstanding the provisions of Article V.B above regarding the cancellation of the Old Note Indenture, the Old Note Indenture shall continue in effect to the extent necessary to allow the Old Notes Indenture Trustee to receive Cash on behalf of the Holders of the Old Notes and make distributions pursuant to the Plan on account of the Old Notes as agent for the Reorganized Debtor.
Treatment: On the Effective Date, the Reorganized Debtor will pay all Old Notes Claims in Cash at 101% of the principal amount of each Old Note, plus accrued and unpaid interest through the Effective Date at the non-default contract rate, plus any fees and expenses due and owing to the Old Note Indenture Trustee under the terms of the Old Note Indenture.
Notwithstanding anything herein to the contrary, the Old Note Obligations (as defined in the Intercreditor Agreement) and the New Note Obligations (as defined in the Intercreditor Agreement) are the only such obligations that may be secured by the Pledged Collateral unless otherwise permitted by both the Old Note Indenture and the New Note Indenture.
Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts that constitute part of the Secured Obligations and would be owed by the Pledgor to the Collateral Agent, the Old Note Trustee, the New Note Trustee or the Holders under this Agreement, the Old Note Indenture, the New Note Indenture and the Notes but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Pledgor.
Consent Fee In the Offering Memorandum, the Note Issuers offered to pay a Consent Fee in the aggregate amount of $1.4 million, payable pro rata (based on the principal amount of Old Notes held) to Holders of Old Notes who validly deliver (and do not validly revoke) their consent in the Consent Solicitation to the Indenture Amendments for the Old Note Indenture.
Xxxxxxxx, if to the Collateral Agent or the Old Note Trustee, at the address of the Old Note Trustee specified in the Old Note Indenture, if to the New Note Trustee, at the address of the New Note Trustee as specified in the New Note Indenture or as to any party at such other address as shall be designated by such party in a written notice to each other party.
Notwithstanding the provisions of Article V.8 of the Plan regarding the cancellation of the Old Note Indenture, the Old Note Indenture shall continue in effect to the extent necessary to allow the Old Notes Indenture Trustee to receive New Notes and New Holdings Common Stock on behalf of the Holders of the Old Notes and make distributions pursuant to the Plan on account of the Old Notes as agent for the Reorganized Debtors.
SUBORDINATED NOTES In 1996, Systems issued $225 million of 12% Senior Subordinated Notes (the "Old Notes") due 2006 pursuant to an Indenture dated October 15, 1996 between Goss and The Bank of New York as Trustee (the "Old Note Indenture").
PFC has assigned to the trustee under the indenture dated December 1, 1988 pursuant to which the Old Notes were issued (the "Old Note Indenture"), for the benefit of the holders of the Old Notes, the Purchase Money Note and the benefit of the liens and security interests securing the Purchase Money Note.
Except as otherwise provided by the Plan or the Bankruptcy Code with respect to undeliverable distributions, distributions to Holders of Old Senior Note Claims and Old Subordinated Note Claims shall be made in accordance with the provisions of the applicable Old Note Indenture, and distributions to Holders of Equity Interests will be made to Holders of record as of the Distribution Record Date.