SIP Notes definition

SIP Notes means the promissory note executed by the SIP Participant as consideration for the advances made by the SIP Lenders to fund the SIP.
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Examples of SIP Notes in a sentence

  • The Person designated as Trustee shall file an affidavit demonstrating that such Person meets the requirements that would apply under section 327(e) of the Bankruptcy Code to be retained as special counsel to the Creditors' Committee to prosecute collection of the SIP Notes.

  • In exchange, Comdisco would pay the Defendants a lump sum of $200,000 (approximately $64,000 of which would be deducted from amounts paid to the Litigation Trustee for CDRs), and the Litigation Trustee would release his claims based on the Defendants’ SIP Notes.

  • The aggregate principal of the SIP Notes the Litigation Trustee sought to enforce in the Note Enforcement Cases was approximately $72 million.

  • As contemplated by Comdisco’s operative plan of reorganization and the governing trust agreement, the Litigation Trustee undertook to monetize the assigned SIP Notes by filing individual enforcement lawsuits in state and federal courts in February 2005.

  • These cases seek to recover on SIP Notes in the aggregate principal amount of $2,484,000 plus interest and attorneys’ fees.

  • More than 10 years ago, the Litigation Trustee accepted the assignment of 69 SIP Notes representing an aggregate principal amount of approximately $75 million.

  • However, he also believes the amount he could collect from other defendants falls substantially short of those Defendants’ allocable share of the approximately $22 million of principal and interest owed on the remaining Defendants’ SIP Notes.

  • Accordingly, with the help of the Seventh Circuit Settlement Conference Program, the Litigation Trustee has reached a global Settlement with nearly all of the remaining defendants that will permit him to distribute approximately $1 million to the Beneficiaries—notwithstanding the District Court’s determination that the SIP Notes (which were the Litigation Trust’s only assets) are unenforceable.

  • In February 2005, the Litigation Trustee filed actions against 65 of the SIP Participants seeking to enforce their SIP Notes (the “ Note Enforcement Cases”).

  • The Litigation Trustee continues to believe he has a meritorious argument on appeal that even if the Bank violated Regulation U by arranging the Guaranty this should not invalidate the SIP Notes or preclude equitable relief.

Related to SIP Notes

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • Notes shall have the meaning assigned to such term in the recitals.

  • 2022 Notes means the Borrower’s 5.00% Convertible Senior Notes due 2022.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2023 Notes means the 6 7/8% Notes due 2023 issued by NTL pursuant to the 1988 Indenture.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • B Notes means each of Note B-1 and Note B-2.

  • 2013 Notes means the 4.375% Senior Secured Notes due 2023 and the 5.950% Senior Secured Notes due 2043 issued by the Issuer on March 18, 2013.

  • 2020 Notes means the 6.875% Senior Notes due 2020, issued by Pride International LLC, a Delaware limited liability company.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • 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.

  • Public Notes means the Notes that have been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. As of the Closing Date, the Public Notes include the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, other than any Notes held by the Depositor (or any other entity whose separate existence from the Trust is disregarded for federal income tax purposes).

  • or "Notes means the Revolving Notes, the Swingline Note and/or the Term Notes, collectively, separately or individually, as appropriate.

  • 2018 Notes means the Company’s 7.75% Senior Subordinated Notes due 2018 issued under the Indenture dated December 14, 2010 among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

  • Initial Notes means the first $500,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof.