Examples of RTL Notes in a sentence
The transfer restrictions set forth herein shall be in addition to any transfer restrictions set forth in the Existing 2016 Notes, Existing 2013 Notes, New Credit Facility and/or the RTL Notes.
For the avoidance of doubt, nothing in this Agreement shall restrict or prohibit the Investor from transferring or otherwise disposing of any of its Existing Equity, New Credit Facility Debt, RTL Notes, or 2013 Convertible Notes in accordance with the PSA.
Section 4.15 of the RTL Indenture provides that in certain circumstances the RTL Issuers may be required to cause certain Restricted Subsidiaries of the RTL Issuers to execute and deliver a Guarantee with respect to the RTL Notes on the same terms and conditions as those set forth in the RTL Indenture.
The cumulative impact of the restatements made clear to CEDC that Roust Trading may no longer have been obligated to consummate the funding transactions associated with the SPA, and that Roust Trading moreover may have had claims against the Company, including claims with respect to a potential event of default under the RTL Notes.
Non-Participation of the Existing 2013 Notes and RTL Notes held by RTL: The Existing 2013 Notes and RTL Notes held by RTL are not now and shall not ever be deemed to be Purchased Notes, even if such notes are no longer held by RTL and shall not be entitled to receive 2013 Note Consideration if subsequently sold to a non-RTL party.
The restructuring will result in the elimination of approximately $665.2 million in debt from CEDC and CEDC FinCo's balance sheets, comprised of (i) the reduction of approximately $332.2 million in debt represented by the Exiting 2016 Notes; (ii) the elimination of the full outstanding balance of the Existing 2013 Notes of approximately $262 million and the$20.3 million of RTL Notes; and (iii) the conversion to equity of the $50.7 million RTL Credit Facility.
Moreover, Roust Trading would have had the right to terminate the SPA and Governance Agreement if shareholder approval of the conversion of the RTL Notes and the second and third stages of Roust Trading's investments was not obtained by December 31, 2012.
Under the SPA, the RTL Notes were intended to be effectively converted into shares of CEDC common stock.
Holders of Existing 2013 Notes that do not participate in Roust Trading's offer will receive their proportionate share of $16.9 million in cash under the Plan (shared with the RTL Notes).
Invite a friend over to review your handy-work; if it’s feasible, take the results of your efforts out into the world as I do with my coats.