Secured Notes Claims means Secured Claims on account of the Secured Notes and the Secured Note Purchase Agreement and the Deficiency Claims.
Secured Notes Claims means all Claims arising under or based upon to the Secured Notes and the Secured Notes Indenture including, principal, makewhole, accrued unpaid pre- and post-petition interest on all outstanding obligations, costs, fees, indemnities, and all other obligations payable under the Secured Notes Indenture.
Secured Notes Claims means all Claims under the Note Purchase Agreement, including but not limited to all principal, plus accrued and unpaid interest, fees (including the Repayment Fee (as defined in the Note Purchase Agreement)), and other expenses arising and payable under the Note Purchase Agreement.
Examples of Secured Notes Claims in a sentence
The Consenting Stakeholders under the RSAcollectively hold more than 95% of the Secured Notes Claims and hold approximately 94% of the outstanding common stock in Debtor Hardwood Holdings, Inc.
On October 21, 2020, the Debtors executed a Restructuring Support Agreement (as may be amended, supplemented, or otherwise modified from time to time in accordance with its terms, and including all annexes, exhibits and schedules thereto, the “ RSA”) with (a) certainholders of the Secured Notes Claims (the “Ad Hoc Noteholder Group”) and (b) certain affiliates of Littlejohn & Co. LLC (collectively, the “Sponsor Equityholder”).
As contemplated by the RSA, on November 13, 2020, the Debtors began soliciting votes on the Plan, and as of the Petition Date, Consenting Stakeholders holding approximately 83% of the Secured Notes Claims and approximately 98% of the outstanding common stock in Debtor Hardwoods Holdings, Inc.
Under the Plan, except as otherwise specified, distributions in respect of Allowed Senior Secured Notes Claims will be allocated first to the stated principal amount of such Claims, with any excess allocated to Accrued Interest.
Holders of Secured Notes Claims are entitled to vote on the Plan.
More Definitions of Secured Notes Claims
Secured Notes Claims means any Claims on account of, arising under, derived from, or based upon the Secured Notes Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, guarantees, and other charges arising thereunder or related thereto.
Secured Notes Claims means any Claim derived from, based upon, or arising under the Secured Notes Documents or the Secured Notes, including all Claims in respect of principal amounts outstanding, interest, fees, expenses, costs, premiums, make-wholes, reimbursement obligations, adequate protection claims arising under the DIP Order, and other charges arising thereunder or related thereto.
Secured Notes Claims means the Senior Notes Claims and the Subordinated Notes Claims.
Secured Notes Claims means all Claims arising under or evidenced by the Secured Notes, the Secured Notes Indenture and related documents (other than the Secured Notes Indenture Trustee Claims), including, without limitation, the principal amount of the Secured Notes plus all accrued and unpaid interest, fees and expenses that were due and payable under the Secured Notes Indenture as of the Petition Date.
Secured Notes Claims means all Claims arising under or in connection with the Secured Notes Indenture.
Secured Notes Claims means all Claims under the Note Purchase Agreement, including but not limited to all principal, plus accrued and unpaid interest, fees and other expenses arising and payable under the 2017 Notes and the Note Purchase Agreement.
Secured Notes Claims. $325 million in aggregate principal amount (collectively, the “Secured Notes Claims”) outstanding under that certain Indenture (as amended, restated, or otherwise modified from time to time), dated as of June 23, 2011, providing for the issuance of the Secured Notes, by and between Xxxxxxx and Xxxxx Fargo Bank, National Association, as trustee (the “Indenture Trustee”). Treatment of Claims and Interests Administrative Claims Priority Tax Claims Other Priority Claims Other Secured Claims All such claims shall be paid in full in cash or receive such other customary treatment that renders such claims unimpaired under the Bankruptcy Code. Credit Facility Claims The Credit Agreement shall be amended, extended, and restated (such amended and restated credit facility, the “Amended Credit Facility”) on terms acceptable to the lenders under the Credit Agreement, the Required Consenting Noteholders, the Company, and the Required Consenting Equityholders (as defined in the RSA). Secured Notes Claims All holders of Secured Notes Claims shall receive their pro rata share of the following consideration on or as soon as reasonably practicable after the Plan Effective Date: • Cash Paydown: $25 million in cash; • New Notes: $112.5 million aggregate principal amount of new 8% senior secured notes due 2022 (the “New Notes”). The New Notes shall have a first-priority lien on substantially all of reorganized Xxxxxxx’x (“Reorganized Xxxxxxx”) assets other than those securing the Amended Credit Facility and a second-priority lien on the collateral securing the Amended Credit Facility. The New Notes shall have customary terms, covenants, and reporting provisions to be agreed upon by the Company, the Required Consenting Equityholders, and the Required Consenting Noteholders. Such terms shall include, but not be limited to, limitations on indebtedness subject to customary credit facility carve-outs, restrictions on certain payments including equity distributions and limitations on permitted investments. • PIK Preferred Stock: New Payment-in-Kind Preferred Stock having an initial liquidation value of $80 million (the “PIK Preferred Stock,” and such PIK Preferred Stock distributed to the holders of the Secured Notes Claims, the “Noteholder PIK Preferred Stock”). The PIK Preferred Stock shall be non-convertible and shall have terms acceptable to the Required Consenting Noteholders, the Company, and the Required Consenting Equityholders:3 • No payment-in-kind or cash-pay dividend prior...