PBGC Note definition

PBGC Note means the non-interest bearing note of Reorganized Fansteel, in aggregate principal amount of $9,500,000, to be delivered to the PBGC by Reorganized Fansteel on the Effective Date, as described in Article XIII.B hereof and substantially in the form of Exhibit G-2 hereto.
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PBGC Note means the non-interest bearing note of Fansteel, in aggregate principal amount of $9,500,000, issued pursuant to and in accordance with the Plan of Reorganization and the PBGC Agreement (as defined in the Plan of Reorganization) to PBGC on or about the date of this Agreement.
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PBGC Note means the 6% four-year subordinated, unsecured convertible promissory note dated May 7, 2003, issued by the Company to the PBGC in the original principal amount of $35,000,000.
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Examples of PBGC Note in a sentence

  • Provisions relating to the priority of the PBGC Liens on the PBGC Note Collateral as well as provisions relating to enforcement and remedies will be governed by the New Intercreditor Agreement and the New PBGC Intercreditor Agreement.

  • In full satisfaction of all PBGC Prepetition Claims, the PBGC will receive in the aggregate from all Debtors, including KPGA in the event it files a plan of reorganization, total payments of $13,500,000, as follows: (a) a payment of the Initial PBGC Amount in Cash on the Effective Date; and (b) the remainder of $13,050,000 represented by the PBGC Note.

  • As security for the PBGC Note, the PBGC shall receive or retain the PBGC Liens on the PBGC Note Collateral.

  • To the maximum extent provided by Section 1145 of the Bankruptcy Code and applicable nonbankruptcy law, the issuance of the New Bonds and the PBGC Note under the Plan will be exempt from registration under the Securities Act of 1933, as amended, all rules and regulations promulgated thereunder, and any applicable state and local laws requiring registration of securities.7.8 The Disbursing Agent (a) Appointment of the Disbursing Agent.

  • The impact of the current national economic crisis, including without limitation, its impact on the availability of credit, personal, corporate and governmental revenues and the market for and interest payable on the Reorganized Debtors' variable rate indebtedness, may adversely affect revenues and expenses and, consequently, the ability of the Reorganized Debtors to make payments under the Lease, the Obligations and the PBGC Note.

  • The applicant should revise the drawings to provide a temporary refusestorage area near the front of the access easements on Proposed Lots 1.01 and 12.01, in addition to the trash storage areas indicated for Proposed Lots 1.02 and 12.02.

  • The liens on and security interests in the Reorganized Debtors’ assets granted pursuant to the PBGC Note shall be junior in all respects to the liens and security interests provided for under the Exit Facilities and the New First Lien Notes.

  • The Debtors' obligations under ERISA § 4006(a)(7) and 29 U.S.C. § 1306(a)(7)(A) shall be satisfied by the Reorganized Debtors issuing the PBGC Note on the Effective Date.

  • The Plan and Plan Supplement provide adequate and proper means for implementation of the Plan, including, but not limited to, (i) entry into the Exit Facility Documents, which will provide the Reorganized Debtors with sufficient liquidity to operate following the Effective Date, (ii) the issuance of Reorganized Oneida Common Stock, (iii) the issuance of the PBGC Note and (iv) cancellation of Oneida’s existing Equity Interests, thereby satisfying section 1123(a)(5) of the Bankruptcy Code.


More Definitions of PBGC Note

PBGC Note means the Promissory Note dated September 15, 2006 made by Oneida in favor of the PBGC, in the original principal amount of $3,000,000 evidencing the unsecured Debt owed by Oneida to PBGC.
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PBGC Note means that certain unsecured note to be issued by the Reorganized Debtors in favor of the PBGC on the Effective Date, substantially in the form as Confirmation Exhibit I.A.157.
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PBGC Note means that certain Promissory Note issued by the Oneida Ltd. for the benefit of the Pension Benefit Guaranty Corporation, dated September 15, 2006, in the amount of $3,000,000.
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PBGC Note means that certain promissory note, dated June 30, 1995, made by LTV Steel to the PBGC as amended, modified or supplemented from time to time, and any additional notes issued from time to time pursuant to the terms of such promissory note and the PBGC Settlement Agreement.
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PBGC Note means Reorganized LACLEDE's promissory note in the principal amount of $5,000,000 issued by the Reorganized Debtors bearing interest at 8.5% payable in kind on each January 1st during the term and compounding annually, with mandatory payment of all principal and pay-in-kind interest by December 31, 2015 or upon sale of all or substantially all of Reorganized LACLEDE's common equity or assets. The PBGC Note also has certain prepayment privileges and restrictions on the payment of dividends. A copy of the PBGC Note is included in the Plan Supplement Agreements.
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Related to PBGC Note

  • RMB Note means a Note denominated in Renminbi.

  • Class A-3 Note means any of the ___% Asset Backed Notes, Class A-3, issued under the Indenture.

  • Class C Note means any one of the Series 2024-1 6.48% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-2 or Exhibit C-3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • Class A-4 Note means any of the 3.11% Asset Backed Notes, Class A‑4, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

  • Supplemental Note means, for each Supplemental Loan (whether one or more), if any, the Multifamily Note secured by the Supplemental Instrument for that Supplemental Loan.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • Original Note shall have the meaning assigned to such term in the recitals.

  • 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.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Class A-1 Note means any of the 0.23000% Asset Backed Notes, Class A-1, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • SPECIAL NOTE State agencies may make purchases under this Requirements Contract up to $2500.00 using the state of Ohio payment card. Any purchase that exceeds $2500.00 will be made using the official state of Ohio purchase order (ADM- 0523). Any non-state agency, institution of higher education or Cooperative Purchasing member will use forms applicable to their respective agency.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Company Note has the meaning set forth in Section 3.1 of the Sale Agreement.

  • 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.

  • Restricted Certificated Note means a Certificated Note bearing the Private Placement Legend.

  • Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities.

  • 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.

  • Class A-2 Note means any of the 0.36% Asset Backed Notes, Class A‑2, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

  • Revolver Note means any one of such Revolver Notes.

  • Capital Security means an undivided beneficial interest in the assets of the Issuer Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.