Second Lien Convertible Notes definition

Second Lien Convertible Notes means the $40 million principal amount of convertible notes to be issued by Wellman Holdings to the Plan Sponsor pursuant to the Plan Sponsorship Agreement, which shall (a) be secured by a second priority lien in all of the assets of, and guaranteed by each of, the Reorganized Debtors, (b) pay 10% Cash interest per annum, (c) mature 10 years after the Effective Date, and (d) be convertible into 50% of the New Common Stock as of the Effective Date.
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Second Lien Convertible Notes means the $464,100,000 aggregate principal amount of Zero Interest Second Lien Convertible Notes due 2020, issued pursuant to the Second Lien Convertible Notes Indenture.
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Second Lien Convertible Notes means the 5.00% guaranteed convertible senior secured notes due July 2, 2018 in an initial aggregate principal amount of $225,000,000 issued by the Borrower on the Amendment No. 9 Date.
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Examples of Second Lien Convertible Notes in a sentence

  • Each lender under the Exit Revolving Credit Facility and each holder of the New Second Lien Convertible Notes shall be deemed to have directed the applicable agent, New Second Lien Convertible Notes Indenture Trustee or Exit Revolving Credit Facility Agent, as applicable, to execute the New Intercreditor Agreement and shall be bound to the terms of the New Intercreditor Agreement from and after the Effective Date as if it were a signatory thereto.

  • The longer the time until an erroneous conveyance is discovered, or it is determined that acceptable title documents cannot be provided or deemed unacceptable, then the more likely that additional expenses will incurred and owed to VA.

  • The Rights Offering shall be conducted, and the New Second Lien Convertible Notes shall be issued to the Eligible Offerees that exercise their respective Subscription Rights pursuant to the Rights Offering Procedures and the Plan.

  • The issuance of New Membership Interests upon the conversion of the New Second Lien Convertible Notes will be exempt from registration under the Securities Act pursuant to Section 3(a)(9) thereof.

  • While supervised learning requires a balanced dataset of positive and negative samples, anomaly detection can be achieved using a biased dataset where only positive or negative samples are used.

  • The registrar and the Trustee may require a holder, among other things, to furnish appropriate endorsements and transfer documents in connection with a transfer of New Second Lien Convertible Notes.

  • The New Second Lien Convertible Notes Indenture provides that in case an Event of Default has occurred and is continuing, the Trustee will be required, in the exercise of its power, to use the degree of care of a prudent man in the conduct of his own affairs.

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  • No beneficial owner of an interest in the Global Notes will be able to transfer that interest except in accordance with DTC’s procedures, in addition to those provided for under the Indenture with respect to the New Second Lien Convertible Notes.

  • The Subscription Rights and New Second Lien Convertible Notes (and the New Membership Interests issuable upon conversion thereof) will be considered “restricted securities” and may not be transferred except pursuant to an effective registration statement or an available exemption from the registration requirements of the Securities Act.


More Definitions of Second Lien Convertible Notes

Second Lien Convertible Notes means the 5.00% guaranteed convertible senior secured notes due 2018 in an initial aggregate principal amount of $225,000,000 issued by the Borrower on the Closing Date.
Sample 1

Related to Second Lien Convertible Notes

  • Convertible Notes means the 2.75% Convertible Senior Notes of the Borrower due 2022 issued pursuant to the Convertible Notes Indenture.

  • Convertible Note Indenture means the Indenture dated as of February 21, 2014 between Emergent and the Convertible Note Trustee pursuant to which the Convertible Notes were issued.

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.