Restructured Note definition

Restructured Note means a Note Receivable that, after becoming past due, is amended, modified, supplemented, extended or restated, provided that such note shall not be considered a Restructured Note if (i) it is no longer a Delinquent Note Receivable, (ii) it is otherwise an Eligible Note Receivable, and (iii) if as a result of such amendment, modification, supplement, extension or restatement (taking into account any material, positive changes in the financial condition of the related Account Debtor, such as additional equity financing, upon which such amendment, modification, supplement, extension or restatement was conditioned), the economic terms of such note and the rights of Borrower and prospects for payment thereunder are at least as favorable to Borrower as the original contract between such Account Debtor and Borrower, as mutually determined by Borrower and Agent.
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Restructured Note has the meaning ascribed to it in Section 3.12.
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Restructured Note means a Note Receivable that, after becoming past due, is amended, modified, supplemented, extended or restated,provided that such note shall not be considered a Restructured Note if (i) it is no longer a Delinquent Note Receivable, (ii) it is otherwise an Eligible Note Receivable, and (iii) if as a result of such amendment, modification, supplement, extension or restatement (taking into account any material, positive changes in the financial condition of the related Account Debtor, such as additional equity financing, upon which such amendment, modification, supplement, extension or restatement was conditioned), the economic terms of such note and the rights of Borrower and prospects for payment thereunder are at least as favorable to Borrower as the original contract between such Account Debtor and Borrower, as mutually determined by Borrower and Agent.
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Examples of Restructured Note in a sentence

  • On the Effective Date, in full satisfaction, release, and discharge of and in exchange for the Allowed Secured Claim in Class 1, the Pre- Petition Lenders shall receive a Restructured Note issued and Restructured Security Documents granted by the Reorganized Debtor to the Pre-Petition Lenders substantially in the form included in the Plan Supplement.

  • On the Effective Date, all accrued unpaid interest calculated at the non-default contractual rate of 4% per annum (or at such other rate as the bankruptcy court determines to be appropriate) plus any amounts Allowed by the bankruptcy Court pursuant to 11 U.S.C. § 506(b) shall be capitalized and added to the outstanding principal balance due under the Restructured Note to Cameron State Bank (“the New Principal Balance”).

  • As permitted under 11 U.S.C. § 1123(a)(5)(H), the maturity of the Restructured Note shall be extended to sixty (60) months from the Effective Date (“the New Maturity Date”).

  • The New Omega Shares issued to Rights Offering Funding Participants, as well as the New Omega Shares issued to the New Value Funder, will be subject to dilution by any New Omega Shares issued to OII as a result of the conversion (if any) of the OII Restructured Note as described in Section 5.10(3)(i).

  • The principal amount outstanding on the OII Restructured Note will be $5,250,000.

  • If there is a default under the OII Restructured Note and OII chooses to exercise its remedies with respect thereto, it may have a material adverse effect on New Omega's interests in the Omnicrom and OMIN and on the value of the New Omega Shares.

  • The representation of Inkster Schools and Wayne RESA by Miller, Canfield, Paddock and Stone, P.L.C. as bond counsel is hereby approved, notwithstanding Miller, Canfield’s periodic representation, in unrelated matters, of certain agencies of the State of Michigan and other potential parties to the Restructured Note transaction.

  • The OII Restructured Note will be secured by the Omnicrom Share Pledge, the Omnicrom Guarantee, the OMIN Share Pledge and the OMIN Guarantee.

  • As of the Effective Date, and without limiting Section 18.17 all assets of the New Borrower Group and New Omega will be free and clear of all Claims, Liens, encumbrances, charges, and other interests, except as provided in the Plan (including Section 12.09(2)), the New Facilities Agreement, the New Facilities Agreement Security Documents, the OII Restructured Note and/or the Confirmation Order.

  • The OII Restructured Note will be convertible into New Omega Shares at the rate of [_._%] of New Omega Shares at the time per $100,000 in amount converted.

Related to Restructured Note

  • Restructured Loan means a Single Family Shared-Loss Loan for which the Assuming Institution has received a Restructuring Loss payment from the Receiver. This applies to owner occupied and investor owned residences.

  • Restructured Bond or Loan means an Obligation that is a Bond or Loan and in respect of which the relevant Restructuring has occurred.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Structured group means a group that is not randomly formed for the immediate commission of an offence and that does not need to have formally defined roles for its members, continuity of its membership or a developed structure;

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

  • Receivables Transaction Attributed Indebtedness means the amount of obligations outstanding under the legal documents entered into as part of any Qualified Receivables Transaction on any date of determination that would be characterized as principal if such Qualified Receivables Transaction were structured as a secured lending transaction rather than as a purchase.

  • Tax Receivable Agreement means that certain Tax Receivable Agreement, dated as the date of the Effective Date, by and among the Corporation and the Company, on the one hand, and the TRA Holders (as such term is defined in the Tax Receivable Agreement) party thereto, on the other hand (together with any joinder thereto from time to time by any successor or assign to any party to such agreement) (as it may be amended from time to time in accordance with its terms).

  • Acquisition Note means a promissory note made by Borrower in favor of a Lender evidencing the Lender’s Applicable Percentage of the Acquisition Loan, substantially in the form of Exhibit G.

  • Secured Note means each promissory note with a related security interest evidenced by written agreement, pursuant to which the purchase of specified assets by an Obligor or End-User is financed for specified monthly, quarterly, semiannual or annual payments.

  • Asset Sale Agreement means that certain Asset Sale Agreement between Buyer and Seller, dated as of the date hereof.

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Tax Receivable Agreements means this Agreement and any Post-IPO TRA.

  • Restricted Purchase means any payment on account of the purchase, redemption or other acquisition or retirement of any capital stock or other securities of, the Borrower.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.

  • Matured Vehicle as of any date means any Leased Vehicle the related Lease of which has reached its Maturity Date or has been terminated in connection with a Lessee Initiated Early Termination (and the Lessee is not in default under such Lease) or in connection with a Casualty Termination, which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust, if applicable.

  • New Secured Notes means the $550 million of first lien secured notes to be issued by New Valaris Holdco comprising (i) the Rights Offering New Secured Notes to be issued in the Rights Offering on the terms set forth in the New Secured Notes Term Sheet attached as Exhibit 2 to the Restructuring Term Sheet and the Rights Offering Procedures, (ii) the Holdback Notes to be issued on the terms set forth in the Backstop Agreement,

  • Securitization Repurchase Obligation means any obligation of a seller of Securitization Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a result of a breach of a Standard Securitization Undertaking, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Non-Lead Securitization Note means any Note other than the Lead Securitization Note.

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Asset includes every kind of property, asset, interest or right, including any present, future or contingent right to any revenues or other payment;

  • Note A-2 Securitization means the first sale by the Note A-2 Holder of all or a portion of Note A-2 to a depositor who will in turn include such portion of Note A-2 as part of the securitization of one or more mortgage loans.

  • Lead Securitization Note means the Note included in the Lead Securitization.