Third Lien Convertible Notes definition

Third Lien Convertible Notes means the Borrower’s 9.5% Series C Senior Secured Convertible Notes due 2023.
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Third Lien Convertible Notes means the Borrower’s step-up senior subordinated third lien secured convertible notes due 2030 under the Third Lien Indenture.
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Third Lien Convertible Notes means the $60 million principal amount of convertible notes to be issued by Wellman Holdings pursuant to the Third Lien Convertible Notes Indenture, which shall (a) be secured by a third priority lien in all of the assets of, and guaranteed by each of, the Reorganized Debtors, (b) pay 5% Cash interest, subject to a threshold to be determined by the Debtors, reasonably acceptable to the First Lien Credit Facility Agent and the Informal Second Lien Lender Group, or PIK interest per annum, (c) mature 10 years after the Effective Date, and (d) be convertible into 50% of the New Common Stock as of the Effective Date.
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Examples of Third Lien Convertible Notes in a sentence

  • Each Stapled Security comprises one ordinary share of VDI, par value $0.001 per share (the “Common Shares”), and $172.61 original issuance principal amount of VID’s 1% / 12% Step-Up Senior Secured Third Lien Convertible Notes due 2030 (the “Notes”), in each case subject to adjustment as described in the Indenture (as defined below).

  • Dated: [●], 2016 OFFSHORE GROUP INVESTMENT LIMITED By: Name: Title: By: Name: Title: This is one of the Notes referred to in the within-mentioned Indenture: Dated as of: U.S. BANK NATIONAL ASSOCIATION, as Trustee By: Authorized Signatory [Back of Note] 1% / 12% Senior Secured Third Lien Convertible Notes Due 2030 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.

  • Each Stapled Security comprises one ordinary share of the Company, par value USD$0.001 per share ( “Common Share”), and USD$172.61 original issuance principal amount of the Company’s 1%/12% Step-Up Senior Secured Third Lien Convertible Notes due 2013 (“Notes”), in each case subject to adjustment as described in the Indenture (as defined below).

  • Each Stapled Security comprises one ordinary share of the Company, par value $0.001 per share (the “Common Shares”), and $172.61 original principal amount of the Company’s 1%/12% Step-Up Senior Secured Third Lien Convertible Notes due 2030 (the “Notes”), in each case subject to adjustment as described in the Indenture (as defined below).

  • SCHEDULE A SCHEDULES OF EXCHANGES OF SECURITIES SEALY MATTRESS COMPANY SEALY CORPORATION 8% Senior Secured Third Lien Convertible Notes due 2016 The Initial Principal Amount of this Global Security is [ ] DOLLARS ($[ ]).

  • Each Stapled Security comprises one ordinary share of VDI, par value $0.001 per share (the “Common Shares”), and $172.61 original issuance principal amount of VDI’s 1% / 12% Step-Up Senior Secured Third Lien Convertible Notes due 2030 (the “Notes”), in each case subject to adjustment as described in the Indenture (as defined below).

  • The Exit Financing Facility, Second Lien Convertible Notes Indenture, Third Lien Convertible Notes Indenture, Intercreditor Agreement, Shareholders Agreement, Registration Rights Agreement (if any), and the Amended BP Agreement, shall be in form and substance reasonably acceptable to the First Lien Credit Facility Agent, the Informal Second Lien Lender Group, and the Plan Sponsor.

  • Each Stapled Security comprises one ordinary share of VDI, par value $0.001 per share, and $172.61 original issuance principal amount of VDI’s 1%/12% Step-Up Senior Secured Third Lien Convertible Notes due 2030 (the “Notes”), in each case subject to adjustment as described in the Indenture (as defined below).

  • In addition, on the Effective Date, or as soon as reasonably practicable thereafter, those shares of the New Common Stock to be issued pursuant to the terms of the Management Equity Incentive Plan, and for conversion of the Second Lien Convertible Notes and the Third Lien Convertible Notes shall be reserved.

  • In the event that both Class 2 and Class 3 vote to accept the Plan, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Allowed First Lien Term Loan Claim, each Holder of such Allowed First Lien Term Loan Claim shall receive its Pro Rata share of (i) $36 million in principal amount of the Third Lien Convertible Notes, (ii) 36,000 shares of New Common Stock, and (iii) the portion of the Palmetto Sale Proceeds allocated to the Palmetto PP&E.

Related to Third Lien Convertible Notes

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • Second Lien Notes Documents means the Second Lien Notes Indenture, the Second Lien Notes and all other agreements, instruments and other documents pursuant to which the Second Lien Notes have been or will be issued or otherwise setting forth the terms of the Second Lien Notes.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • 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.

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

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.