Examples of Purchaser Notes in a sentence
Absent the Purchaser Notes and the Alternate Purchaser Notes to be provided by the Purchaser pursuant to the Acquisition Agreement, there would be effectively no means by which to satisfy the Noteholder Claimant Claims.
As further detailed herein, Noteholder Claimants will either: (a) receive Purchaser Notes; or (b) make the Noteholder Claimant Election and receive: (i) Alternate Purchaser Notes instead of Purchaser Notes for up to a maximum of 40% of the amount of their Noteholder Claimant Claim; plus (b) Purchaser Notes in the amount of the balance of their Noteholder Claimant Claim.
In the case of Undeliverable Distributions, following the Undeliverable Distribution Date, the applicable Purchaser Notes, Alternate Purchaser Notes or Purchaser Common Shares shall be deemed to be cancelled and shall be null and void.
Noteholder Claimants that do not deliver Noteholder Claimant Election Forms to the Monitor prior to the Noteholder Claimant Election Form Deadline, or that previously made the Noteholder Claimant Election and do deliver Noteholder Claimant Election Revocation Forms prior to the Noteholder Claimant Election Form Deadline, shall receive Purchaser Notes as set forth below.
As soon as practicable after the Noteholder Claimant Election Form Deadline, the Monitor shall advise the Purchaser of the number and face value of Alternate Purchaser Notes to be issued in accordance with the Noteholder Claimant Elections and the Acquisition Agreement.