Examples of Preferred Creditor in a sentence
All of the Preferred Creditor Equity which exists as of the date of this Agreement, and each of the agreements or other documents entered into and/or setting forth the terms, rights and restrictions applicable to any such Preferred Creditor Equity, are listed and described on SCHEDULE 7.1(B) attached hereto.
The Agent acknowledges that (i) none of the Preferred Equity which exists as of the date of this Agreement constitutes Preferred Creditor Equity and (ii) no subsequently issued Preferred Equity which is issued on substantially the same terms (including that it contains no terms of the nature described in clauses (i) and (ii) above), and which is substantially similar in form and substance, to the Preferred Equity which exists as of the date of this Agreement shall constitute Preferred Creditor Equity.
All Trust Preferred Creditor Claims will be paid in full (i.e., par plus accrued interest) with a combination of 10 million shares of New Common Stock (valued at $45 per share) and a total of $28 million in cash.
Any supplier or Preferred Creditor of a UK Borrower seeks to (i) repossess Collateral of such UK Borrower in excess of $250,000 in the aggregate per Fiscal Year or (ii) take enforcement action with respect to Collateral of such UK Borrower in excess of $250,000 in the aggregate per Fiscal Year.