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
To the extent provided in the Senior Secured Notes Indenture and Convertible Subordinated Notes Indenture, as applicable, and permitted by applicable law, all Plan Distributions made by the Disbursing Agent to Class 3 (Senior Secured Notes Claims) and Class 6 (Convertible Subordinated Notes Claims) shall be subject to any charging liens in favor of the Senior Secured Notes Indenture Trustee and Convertible Subordinated Notes Indenture Trustee, respectively.
Holders of such Claims are entitled to vote to accept or reject the Plan, and the votes of such holders will be solicited with respect to such Allowed Senior Secured Notes Claims.
Distributions on account of Senior Secured Notes Claims shall be made on the Effective Date by the Reorganized Debtors to the Senior Secured Notes Trustee.
The Senior Secured Notes Trustee shall act as Distribution Agent and make applicable Distributions to holders of Senior Secured Notes Claims pursuant to the terms of the Plan.
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 the Senior Notes Claims and the Subordinated Notes Claims.
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 all Claims arising under or in connection with the Secured Notes Indenture.
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 any Claim 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. 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 to the third anniversary of the Plan Effective Date; following the third anniversary of the Plan Effective Date, dividends will be accrued at a rate of 7% per year and which shall be payable quarterly in either cash or in additional shares of PIK Preferred Stock. • As promptly as reasonably practicable, but no later than June 30, 2017, Reorganized Xxxxxxx shall make an initial redemption of the PIK Preferred Stock at par using cash in excess of $15 million, including cash obtained by Reorganized Xxxxxxx from the release of the escrow account holding proceeds from the Dycom sale (“Excess Cash”). Such redemption shall be made in the following manner (the “Initial Redemption”):