Examples of Unsecured Convertible Notes in a sentence
This Security is one of a duly authorized issue of Securities of the Company designated as its 5.00% Senior Unsecured Convertible Notes due 2023 (the “Securities”), issued under an Indenture, dated as of [ ], 2017 (together with any supplemental indentures thereto, the “Indenture”), among the Company and the Trustee.
This set the stage for a program to repurchase Unsecured Senior Notes and, in particular, exchange Unsecured Senior Notes for Unsecured Convertible Notes.
The Secured Convertible Note Warrants can be converted into common shares at any time after the earlier of the date upon which the indebtedness under the Unsecured Convertible Notes is less than US$3.0 million and February 1, 2021.
On September 30, 2020, the indebtedness under the Unsecured Convertible Notes was less than US$3.0 million and the Company subsequently filed an F-3 registration statement with a date of effectiveness of October 22, 2020.
If Class 7 votes to accept the Plan, Qualifying Class 7 Creditors electing New Unsecured Convertible Notes shall receive, in exchange for every $1.00 in face amount of New Unsecured PIK Notes that such Qualifying Class 7 Creditor would have received under the Plan, $1.50 in face amount of New Unsecured Convertible Notes.
The form of the New Convertible Notes Indenture governing the New Unsecured Convertible Notes shall be substantially in the form attached to the Plan Supplement.
The Debtors also exchanged approximately $575 million in principal amount of Unsecured Senior Notes for an equal principal amount of Unsecured Convertible Notes, approximately $487 million in principal amount of which have subsequently converted to Common Stock, further reducing leverage.
The Unsecured Convertible Notes Warrants were issued on June 5, 2020, are immediately exercisable, and expire 42 months from the date that the underlying common shares become freely tradeable, which was July 16, 2020.
The Disbursing Agent shall also establish a reserve for subsequent distributions to Qualifying Class 7 Creditors containing the maximum amount of New Unsecured Convertible Notes distributable under the Plan, if necessary, less the amount of New Unsecured Convertible Notes distributed to Qualifying Class 7 Creditors on the Distribution Date.
On and after the Effective Date, all duties and responsibilities of the Second Lien Notes Trustee, the Unsecured Senior Notes Trustee, and the Unsecured Convertible Notes Trustee, as applicable, shall be discharged unless otherwise specifically set forth in or provided for under the Plan or the Plan Supplement.