Examples of Senior Notes Claims in a sentence
General Unsecured Claims All general unsecured claims against any Debtor, including claims arising from the rejection of unexpired leases or executory contracts by any Debtor and the Senior Notes Claims.
For the avoidance of doubt, the Other Unsecured Creditor Distribution Allocation gives effect to the subordination and turnover rights of the Holders of Second Lien Claims and Senior Notes Claims against Holders of Subordinated Notes Claims, except as modified and/or waived under this Term Sheet.
Notes Claims shall be withheld from Apax by the Debtors (the “Withheld Apax Distribution”) and instead distributed to all non-Apax Holders of Allowed Second Lien Claims, Allowed Senior Notes Claims, Allowed General Unsecured Claims, and Allowed PIK Notes Claims as part of the Other Unsecured Creditor Distribution consistent with the Other Unsecured Creditor Distribution Allocation (as defined herein).
Apax will be deemed to elect to receive at least $12 million of its Other Unsecured Creditor Distribution in Cash to ensure that the Withheld Apax Distribution will be $12.0 million in Cash and the Withheld Apax Distribution, to the extent reasonably practicable, will be comprised 62.5% from Cash that would have been distributed on account of Apax’s Allowed Second Lien Claims and 37.5% from Cash that would have been distributed on account of Apax’s Allowed Senior Notes Claims.
Consenting Creditors The certain ad hoc group of holders (the “Ad Hoc Group”) of (i) the majority of the DIP Loans, (ii) the majority of the Secured Loan Claims (as defined below), and (iii) a majority of Senior Notes Claims (as defined below), in each case who execute the RSA.