Term Loan Claim definition
Examples of Term Loan Claim in a sentence
Second, any remaining balance shall be converted into New Common Stock at the Plan Value (the “Remainder Term Loan Claim Conversion”), subject to dilution by the MIP (as defined below) and the Rights Offering.
Claims Each holder of an allowed Term Loan Claim shall receive its pro rata share of: i.
Claim Any secured Claim, other than (a) an ABL Claim, (b) a DIP ABL Facility Claim, (c) a Term Loan Claim, or (d) a DIP Term Facility Claim.
Term Loan Claim Any Claim against a Debtor arising under, derived from, secured by, based on, or related to the Term Loan Agreement or any other agreement, instrument or document executed at any time in connection therewith and any guaranty thereof.
Loan Claims shall be deemed Allowed in the amount of $348.0 million in connection with a global settlement pursuant to the Plan.3 On the Effective Date, in full satisfaction of each Term Loan Claim, each holder thereof shall receive its Pro Rata share of 98.00% of the New Common Equity Pool.