Senior Secured PIK Notes definition
Examples of Senior Secured PIK Notes in a sentence
From and after the date of this Agreement, the Company shall not, without the prior written consent of the Holders of a majority (with respect to each of the shares of Common Stock and Senior Secured PIK Notes, calculated separately) of the Registrable Securities outstanding at such time file or have declared effective a registration statement for equity securities before the Initial Shelf Registration Statement is declared effective.
The Trustee shall authenticate and deliver (a) on the Issue Date, an aggregate principal amount of $80,000,000 of 10% Senior Secured PIK Notes due 2024, and (b) subject to the terms of the Indenture, any PIK Notes in an aggregate principal amount specified in the written order of the Company pursuant to Section 2.02 of the Indenture, in each case upon a written order of the Company signed by two Officers or by an Officer and either an Assistant Treasurer or an Assistant Secretary of the Company.
Any holder of a Senior Secured PIK Notes Claim may become a Plan Sponsor under this Agreement if (i) such holder agrees in writing to be bound by the terms of this Agreement in the same manner as the Plan Sponsors (excluding terms applicable to the Initial Sponsors) and (ii) a majority of the Plan Sponsors consent to the joinder of such holder, such consent not to be unreasonably withheld.
This Third Lien Exchangeable Note is one of a duly authorized issue of notes of the Company designated as its 12.000% Third Lien Exchangeable Senior Secured PIK Notes due 2027.
WeWork Companies LLC ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Email: #### Attention: Chief Legal Officer Ladies and Gentlemen: This certificate is delivered to request a transfer of $[_______] principal amount of the 11.000% Second Lien Exchangeable Senior Secured PIK Notes due 2027 (the “Second Lien Exchangeable Notes”) of WeWork Companies LLC (the “Company”).
The Company intends to use the net proceeds from the Offered Securities to fund the redemption (the “Redemption”) of the Company’s 11.25% Senior Secured PIK Notes due 2024 (the “Existing PIK Notes”) then outstanding and to pay related fees and expenses.
This Note is one of a duly authorized issue of notes of the Issuer designated as its 10% Second Lien Senior Secured PIK Notes due 2018.
This Second Lien Exchangeable Note is one of a duly authorized issue of notes of the Company designated as its 11.000% Second Lien Exchangeable Senior Secured PIK Notes due 2027.
Dividends on the Preferred Stock shall accrue (and shall not become payable) and shall increase the Initial Liquidation Preference until such time as the Senior Secured Note and the Senior Secured PIK Notes are paid in full and thereafter dividends shall accrue and become payable in cash quarterly in arrears.
The Trustee shall authenticate and deliver: (1) on the Issue Date, $15,000,000 aggregate principal amount of Super-Priority Senior Secured PIK Notes Due 2025, (2) any PIK Notes and (3) any Additional Notes for an original issue, in each case, in an aggregate principal amount specified in an Issuer Order pursuant to Section 2.02 of the Indenture.