Secured Notes Claim definition
Examples of Secured Notes Claim in a sentence
The Offering Form for each Non-Eligible Offeree must also specify if such Non-Eligible Offeree is a holder of an Allowed Unsecured Notes Claim or an Allowed Senior Secured Notes Claim in order to be eligible to receive the Substitute Distribution available to holders of each of these claims, as described in the paragraphs below.
Except as set forth in paragraph 19, nothing contained in this Interim Order shall limit the continued accrual of interest (at the applicable contract rate set forth in the Senior Secured Notes Indenture), which interest shall continue to accrue from and after the Petition Date through the date of payment, in full, of the Senior Secured Notes Claim in accordance with applicable law.
Each Investor or Ultimate Purchaser agrees that any transfer of any Secured Notes Claim or Unsecured Notes Claim that does not comply with the terms and procedures set forth in this Section 2(i)(ii) shall be deemed void ab initio.
Each eligible holder of a Senior Secured Notes Claim or an Unsecured Notes Claim that participates in the Rights Offering shall receive its pro rata share of its respective group’s allocation of the New Second Lien Convertible Notes.2 The New Second Lien Convertible Notes shall convert into New Common Shares in accordance with the terms of the New Second Lien Convertible Notes term sheet attached hereto as Exhibit D.
Each holder of a Secured Notes Claim will be entitled to vote to accept or reject the Agreed Plan.