Examples of PIK Note Indenture in a sentence
In the case of any distribution or payment by the Debtors under a chapter 11 plan or otherwise in a reorganization or other insolvency proceeding, theSubordinated PIK Note Indenture provides that such payment or distribution be made or turned over to the Second Lien Trustee unless and until the Second Lien Indebtedness has been indefeasibly paid in full.
The PIK Noteholders party to the Support Letters (as defined below) have agreed not to take any remedial actions, or instruct the PIK Indenture Trustee to take any remedial actions, with respect to the PIK Notes or PIK Note Indenture during the support period.22 Artsonig’s only creditor of record in respect of the PIK Notes is technically Cede & Co as nominee for DTC as the legal holder of the Global Note (evidencing) the PIK Notes.
The releases by the PIK Noteholders in favor of the Relevant Entities and Released Individual include releases from claims arising in connection with the PIK Note Indenture and the PIK Notes even if for fraud,24 The Restructuring Documents include without limitation: (1) the Scheme of Arrangement; (2) each of the Deeds Poll (as defined in the Artsonig Scheme); and (3) the Intercompany Debt Forgiveness Deed (as defined in the Artsonig Scheme).willful misconduct or gross negligence.
Scarce public financing for TVET leaves room for greater efficiencies.
The second reason relates to state dependence, i.e., that some consumers are prepared to pay extra to get the same brand they bought last time, and the third relates to the effect of previous winnings on the quantity in stock.