Subordinated Note Claims means the BP Trust I Claims and the BP Trust II Claims.
Subordinated Note Claims has the meaning set forth in the Plan.
Examples of Subordinated Note Claims in a sentence
In addition, the holders of Second Lien Notes shall retain their right to receive Plan Consideration payable or otherwise distributable as a result of any such subordination and “pay over” provisions and shall retain the right to be paid in full in Cash or otherwise prior to holders of Senior Subordinated Note Claims receiving any payments or distributions from the Debtors or Reorganized Debtors.
Class 6 consists of Senior Subordinated Note Claims against the Debtors.
Subclass 3B: Senior Subordinated Note Claims against the Debtors.
No Holder of a Senior Subordinated Note Claim shall receive any distribution on account of such Senior Subordinated Note Claim, and all Senior Subordinated Note Claims shall be extinguished.
Class 13 consists of Junior Subordinated Note Claims in the Allowed amount of approximately $779 million, which constitutes principal plus accrued but unpaid prepetition interest.
More Definitions of Subordinated Note Claims
Subordinated Note Claims means any and all claims arising under the Subordinated Notes;
Subordinated Note Claims. On the Effective Date, the holders of claims arising under the Subordinated Notes (the “Subordinated Note Claims”) shall receive (a) their pro rata share of (i) 3% of the New Common Stock outstanding as of the Effective Date, (ii) warrants (the “Series A Warrants”) to acquire 5% of the New Common Stock (calculated based on the outstanding New Common Stock as of the Effective Date (without giving effect to any exercise of the Warrants) and subject to dilution by any equity awards under the Management Incentive Plan and any subsequent issuances of shares of New Common Stock), exercisable for cash, with an exercise price established at an amount per share based on $ [TBD ] million(3) of reorganized equity value as of the Effective Date, and (iii) warrants (the “Series B Warrants”, and together with the Series A Warrants, the “Warrants”) to acquire 5% of the New Common Stock (calculated based on the outstanding New Common Stock as of the Effective Date (without giving effect to any exercise of the Warrants) and subject to dilution by any equity awards under the Management Incentive Plan and any
Subordinated Note Claims. The Plan of Reorganization shall provide that holders of Subordinated Note Claims shall not receive any distributions on account thereof. “Subordinated Note Claims” means claims arising under the indenture, dated as of December 4, 2006, pursuant to which MPM has issued certain notes.
Subordinated Note Claims has the meaning set forth in the Reorganization Plan.
Subordinated Note Claims means (a) all Subordinated Note Obligations, (b) the Credit Enhancement Fee (as defined in the Loan Agreement) and (c) all other indebtedness, obligations and liabilities of the Authority to the Subordinated Note Holder, whether now existing or hereafter incurred or created, under or with respect to the Subordinated Note or the documents and agreements relating thereto.
Subordinated Note Claims means Claims arising under or related to (1) the CD Subordinated Loan Agreement, dated as of September 2, 2012 by and between Berlin and the lenders party thereto and the Allonges to Notes, dated September 5, 2018, executed in connection with the assignment of the Claims under the CD Subordinated Loan Agreement to Berlin BioPower Investment Fund, LLC or (2) the Greenline Subordinated Loan Agreement by and between Berlin and Greenline CDF Subfund XVIII LLC, dated as of October 25, 2012, in each case, as may be amended, restated, amended and restated, supplemented, waived or otherwise modified.
Subordinated Note Claims means all indebtedness, obligations and other liabilities (contingent or otherwise) arising under or with respect to the Subordinated Note Documents or any of them. Subordinated Note Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Subordinated Note Indenture and/or the Subordinated Note whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to Subordinated Note Claims is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligations or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred.