Senior Secured Note Holders definition

Senior Secured Note Holders means the holders from time to time of the Senior Secured Notes.
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Senior Secured Note Holders. (each “Holder” under, and as defined in, the 2012 Senior Secured Notes Indenture) have agreed to extend credit to the Issuers pursuant to, and upon the terms and conditions specified in, the 2012 Senior Secured Notes Indenture. The parties hereto agree as follows: SECTION
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Senior Secured Note Holders has the meaning set forth in the sixth recital of this Agreement.
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Examples of Senior Secured Note Holders in a sentence

  • In the event that the Debtors or the Reorganized Debtors determine in the exercise of their reasonable business judgment (and with the consent of the Majority Senior Secured Note Holders) that an Exit Facility is necessary or appropriate, an Exit Facility may be entered into with the proceeds thereof used to fund operations and/or make payments required under the Plan.

  • All documents in the Plan Supplement shall be in form, scope, and substance satisfactory to the Debtors and the Majority Senior Secured Note Holders.

  • The Debtors may elect (subject to the agreement of theMajority Senior Secured Note Holders) to obtain an Exit Facility on the Effective Date.

  • For purposes of the best interests test, in order to determine the amount ofliquidation value available to Creditors, the Debtors, with the assistance of their financial advisors, prepared a liquidation analysis, annexed hereto as Appendix D (the “Liquidation Analysis”), which concludes that in a chapter 7 liquidation, other than the Senior Secured Note Holders and the MHR Note Holders, no Holders of prepetition Claims would receive any recovery whatsoever.

  • Although the ability of parties to allocate consideration between accrued interest and principal is uncertain in some cases, the Debtors believe that a portion of the consideration transferred to the Senior Secured Note Holders and the MHR Note Holders will be attributable to accrued and unpaid interest.

  • The New Senior Secured Notes will bedistributed to the Senior Secured Note Holders and the MHR Note Holders on the Effective Date, in the aggregate original principal amount of $50 million.

  • Further, in the event that the Majority Senior Secured Note Holders agree, Reorganized Ziff Davis Holdings will be converted into a Delaware limited liability company and all references in this Disclosure Statement and the Plan to corporate documents or actions shall be deemed to include analogous actions with respect to limited liability company documents or actions.

  • Thus the Debtors believe that the Senior Secured Note Holders and the MHR Note Holders, too, are better off under the Plan than in a chapter 7 liquidation.

  • The Debtors believe that the aggregate value of the consideration provided to the Senior Secured Note Holders and the MHR Note Holders under the Plan should far exceed the range that the Liquidation Analysis projects as a recovery to such creditors in a chapter 7 liquidation.

  • As of the Modification Date, the account balance in the escrow account equals $50,439, which amount shall be included in the first distribution to all Senior Secured Note Holders, on a pro rata basis, to be made after the Modification Date.


More Definitions of Senior Secured Note Holders

Senior Secured Note Holders means the Holders of the Senior Secured Notes issued under the Senior Secured Notes Indenture, together with their successors and assigns.
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Senior Secured Note Holders means a holder of Senior Secured Notes.
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Related to Senior Secured Note Holders

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Senior Secured Notes Indenture means (i) the Indenture dated October 8, 2014, among the Borrowers, the guarantors party thereto and the Trustee or (ii) if Senior Secured Notes are issued pursuant to clause (ii) of the definition thereof, the loan agreement or indenture governing such Senior Secured Notes.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Senior Unsecured Notes means the $725,000,000 in aggregate principal amount of the Borrower’s Senior Unsecured Notes due 2029 issued pursuant to the Senior Unsecured Notes Indenture.

  • 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.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent”, the “Company” or any other person shall be construed so as to include its successors in title, permitted assigns and permitted transferees and, in the case of the Security Agent, any person for the time being appointed as Security Agent or Security Agents in accordance with this Agreement;