Unsecured Note Claims definition
Examples of Unsecured Note Claims in a sentence
To the extent that a Party holds Credit Agreement Claims, Unsecured Note Claims, and/or commitments under the Investment Agreement (as indicated on its signature page to this Agreement, Joinder, or Transfer Agreement), it shall be considered a Consenting Lender, Consenting Noteholder, and/or Commitment Party, respectively, for the purposes of all rights and obligations of such Parties under this Agreement.
Each Indenture Trustee shall hold or direct such distributions for the benefit of the holders of Allowed Unsecured Note Claims, as applicable, in accordance with the terms of the applicable indenture.
The Settling TCEH Unsecured Noteholders shall also use commercially reasonable efforts (which shall not include incurring any indemnification obligation) to cause the TCEH Unsecured Notes Trustee to amend or enter into any applicable agreements or take any actions reasonably necessary to cause this Settlement Agreement to bind, or to make this Settlement Agreement otherwise effective as to, any holders of TCEH Unsecured Note Claims not party hereto.
As soon as practicable following compliance with the requirements set forth in Section 6.16 of this Plan, the Indenture Trustee shall (a) arrange to deliver such distributions to or on behalf of such holders of Allowed Unsecured Note Claims, (b) retain, and if necessary, exercise their charging liens against any such distributions, and (c) seek compensation and reimbursement for any reasonable fees and expenses incurred in making such distributions, which shall be an obligation of the Reorganized Debtors.
On the Effective Date, the Unsecured Note Claims in Class D3 shall be Allowed in full.
On the Effective Date, the Unsecured Note Claims in Class B3 shall be Allowed in full.
The Indenture Trustees for each series of Unsecured Notes shall be deemed to be the holders of all Unsecured Note Claims, as applicable, for purposes of distributions to be made hereunder, and all distributions on account of such Unsecured Note Claims, shall be made to or on behalf of the applicable Indenture Trustees or in the absence of an Indenture Trustee, to the Debtors or other agent.
The Trust established pursuant to this Litigation Trust Agreement is for the purpose of partially satisfying Allowed Unsecured Note Claims (who did not elect treatment of such claims as Convenience Claims), Allowed Unsecured Credit Facility Claims and those Allowed General Unsecured Claims who have elected to receive the Sub-Class 1 Distribution under the Plan, by liquidating the Trust Assets transferred to it and making distributions to the Beneficiaries as set forth herein and in the Plan.
Except as otherwise provided herein (including, for the avoidance of doubt, as set forth in the foregoing paragraph with respect to distributions to holders of Unsecured Note Claims.
NADL Guaranteed Unsecured Note Claims For the avoidance of doubt, holders of NADL Guaranteed Unsecured Note Claims shall receive one recovery on account of their General Unsecured Claims against Seadrill and an additional recovery on account of their General Unsecured Claims against NADL.