Examples of Senior Subordinated Note Claims in a sentence
Class 12 consists of Senior Subordinated Note Claims in the Allowed amount of approximately $1,200 million, which constitutes principal plus accrued but unpaid prepetition interest.
Subclass 3B: Senior Subordinated Note Claims against the Debtors.
Holders of such Claims shall waive any and all of their subordination rights with respect to the Holders of Senior Subordinated Note Claims only to the extent that such waiver is necessary to effectuate the treatment accorded to the Holders of Senior Subordinated Note Claims in the event that Class votes in favor of the Plan.
The Old Senior Subordinated Note Claims are hereby allowed in the aggregate principal amount of $105,611,111.11.
Except as described below under “— Imputed Interest” and “— Accrued and Unpaid Interest,” the holding period for the New Common Interests (including any additional New Common Interests that are received pursuant to the Contingent Value Rights) will include the holder’s holding period for the Senior Subordinated Note Claims or Junior Subordinated Note Claims exchanged therefor pursuant to the Plan of Reorganization.
Holders of Senior Subordinated Note Claims and Junior Subordinated Note Claims The U.S. federal income tax consequences resulting from the Plan of Reorganization to U.S. Holders of Senior Subordinated Note Claims or Junior Subordinated Note Claims will vary depending upon, among other things, whether such claims constitute “securities” for U.S. federal income tax purposes as described in “— U.S. Federal Income Tax Consequences to U.S. Holders — The Offers — The CIT Offers” above.
All distributions on account of Allowed Senior Subordinated Note Claims shall be distributed to the Senior Subordinated Notes Indenture Trustee for further distribution to the Senior Subordinated Noteholders pursuant to the terms and subject to the conditions of the Senior Subordinated Notes Indenture and the Plan.
As of the Effective Date, 12,631,421 shares of New IES Common Stock shall be issued, on a Pro Rata basis, to Holders of Allowed Senior Subordinated Note Claims in full satisfaction of and in exchange for their Allowed Senior Subordinated Note Claims.
On the Effective Date, all creditors shall be deemed to have waived any and all contractual subordination rights which they may have with respect to such distribution, and the Confirmation Order shall permanently enjoin, effective as of the Effective Date, all holders of Senior Lender Claims from enforcing or attempting to enforce any such rights with respect to the distributions under the Plan to the holders of Senior Subordinated Note Claims.
Accordingly, the distributions to the holders of Senior Subordinated Note Claims shall not be subject to levy, garnishment, attachment, or other legal process by any holder of indebtedness senior to the indebtedness of the holders of the Senior Subordinated Note Claims, by reason of claimed contractual subordination rights.