Examples of Old Senior Notes in a sentence
Although the matter is not free from doubt, the adoption of the amendments to the New Senior Notes Indenture should not result in a significant modification of the Old Senior Notes and the Debtors intend to take such position for federal income tax purposes.
For purposes of this Agreement, a "Change of Control" shall mean, after the Consummation Date, the acquisition by any person or entity, directly or indirectly, of more than 50% of the Common Stock of the Company; provided, however, that no Change of Control shall occur by reason of the issuance of Common Stock to holders of the Old Senior Notes on the Consummation Date pursuant to the Plan of Reorganization.
Pursuant to the Plan, the terms of the Old Senior Notes will be amended or otherwise modified as set forth in the New Senior Notes Indenture.
The amount of bonus compensation in any year shall be determined pursuant to the Company's Executive Annual Incentive Bonus Plan (the "Bonus Plan"), which was approved on June 22, 1998, by the holders of the Company's Old Senior Notes, as defined in and pursuant to the Disclosure Statement, and is based on the achievement of performance targets in such fiscal years, which performance targets shall be established by the Compensation Committee of the Board of Directors pursuant to the Bonus Plan.
Except as provided in this Instruction 4, it will not be necessary for transfer tax stamps to be affixed to the Old Senior Notes listed in this Letter of Transmittal.