Unsecured Funded Debt Claims definition
Examples of Unsecured Funded Debt Claims in a sentence
Class 5 consists of all Unsecured Funded Debt Claims against (i) Hertz Corp.; (ii) the Subsidiary Guarantors; and (iii) solely with respect to ALOC Facility Claims, Rental Car Intermediate Holdings, LLC.
Insert the principal amount of the Allowed Unsecured Funded Debt Claims that you held as of the Record Date or the ATOP Date, as applicable, in Item 1A-H of your Subscription Form, as applicable.
The Equity Commitment Parties shall exercise the Subscription Rights distributed on account of their Allowed Unsecured Funded Debt Claims pursuant to the terms of the Stock Purchase Agreement.
Any attempt to exercise Subscription Rights after the Subscription Expiration Deadline in respect of Unsecured Funded Debt Claims shall be null and void and the Company shall not be obligated to honor any such purported exercise received by the Subscription Agent after the Subscription Expiration Deadline regardless of when the documents relating thereto were sent.
For the avoidance of doubt, the Distribution Record Date shall not apply to the First Lien Claims, Second Lien Note Claims, Unsecured Funded Debt Claims, and HHN Notes Guarantee Claims, the Holders of which shall receive a distribution in accordance with this Article VI and, as applicable, the customary procedures of DTC or Euroclear, as applicable, on or as soon as practicable after the Effective Date.
The Subscription Rights are not detachable from the Allowed Unsecured Funded Debt Claims.
Claims and all Unsecured Funded Debt Claims will be paid in full (i.e. par plus accrued interest) with a combination of cash (40% recovery) and stock (60% recovery) equaling 55.4 million shares of New Common Stock (as defined in Section 9 herein and in the Investment Agreement) (36% of pro forma equity) valued at $45.00 per share.
Each Eligible Existing Hertz Shareholder and Eligible Unsecured Funded Debt Holder will be deemed to have exercised the Subscription Rights related to all shares of Existing Hertz Parent Interests or Allowed Unsecured Funded Debt Claims tendered/blocked through the ATOP procedures of the DTC at the subscription rates set forth above.
Upon hiring, transferring, route growth and vehicle replacement, as a condition of continuous employment, Owner Operator will be required to provide a vehicle which complies with size and specifications.
For the avoidance of doubt, any and all Claims or Causes of Action against the Released Parties relating to the First Lien Claims, the Second Lien Claims or the Unsecured Funded Debt Claims is subject to the Debtor Release.