Unsecured PIK Notes definition

Unsecured PIK Notes means the 8% Senior Unsecured Convertible PIK Toggle Notes due 2019 issued pursuant to the Unsecured PIK Notes Indenture.
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Unsecured PIK Notes means the Company's 6% Subordinated Notes due 2010 issued pursuant to the Plan together with any such notes issued as interest thereon.
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Unsecured PIK Notes means additional New Unsecured Notes issued under the New Unsecured Notes Indenture on the same terms and conditions as the related New Unsecured Notes issued on the Issue Date in connection with payments of PIK interest pursuant to the New Unsecured Notes Indenture.
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Examples of Unsecured PIK Notes in a sentence

  • 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.

  • Upon the Effective Date, EMITS and Ezra Marine shall continue in existence subject to further disposition by the Creditor Trust.

  • Subject to the Voting Requirements, certain other unsecured creditors identified by PSC (as may be agreed by the Lenders in their sole discretion) ("Impaired Unsecured Claims") shall have their claims exchanged for a pro rata share of (a) up to $60 million in unsecured payment in kind notes (the "Unsecured PIK Notes") and (b) up to 5% of the common shares of the restructured PSC, subject to dilution, inter alia, upon the conversion of the Secured PIK Debt.

  • If the Canadian Plan Condition is waived, an amount of New Unsecured PIK Notes and the amount of Reorganized PSI Common Shares equivalent to the amount of New Common Shares that would be distributed to the holders of Canadian Impaired Unsecured Claims under the Canadian Reorganization Plan (assuming all such Claims will be allowed) shall be held by the Disbursing Agent pending the implementation of the Canadian Reorganization Plan or the Alternate Canadian Transactions.

  • As a consequence of such default, the non-current portion amounting to €250 million of the Unsecured PIK Notes has been reclassified under current financial liabilities.

  • Provided the Senior Secured Debt is not in default, cash interest will be payable on the Unsecured PIK Notes and on accrued unpaid interest following repayment in full of the Secured PIK Debt.

  • The form of indenture governing the New Unsecured PIK Notes shall be in substantially the form attached to the Plan Supplement.

  • New Unsecured PIK Notes will be issued in denominations of US$1,000 and such fractions thereof as is necessary.

  • Considering the Greek Group’s financial difficulties, also in this case, it is taking the necessary steps to place Hellas Telecommunications Finance, the holder of the Unsecured PIK Notes equal to €261 million, and Hellas Telecommunications I, the guarantor of the Unsecured PIK Notes, into bankruptcy in Luxembourg.

  • As noted above, the issuance of additional New Unsecured PIK Notes will not be treated as a payment of interest.


More Definitions of Unsecured PIK Notes

Unsecured PIK Notes. ISSUER: PSC INTEREST: 6% per annum. Interest on the Unsecured PIK Notes will accrue and be payable in kind by the issuance of additional Unsecured PIK Notes. Provided the Senior Secured Debt is not in default, cash interest will be payable on the Unsecured PIK Notes following repayment in full of the Secured PIK Notes. MATURITY: 10 years from Plan Implementation.
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Related to Unsecured PIK Notes

  • PIK Notes means Additional Notes issued under this Indenture in connection with a PIK Payment, with the same terms as the Initial Notes, except that interest on any PIK Notes shall accrue from their date of issuance.

  • Unsecured Notes means the Borrower’s $700,000,000 10.75% Senior Notes due 2023 issued pursuant to the Unsecured Notes Indenture dated as of July 31, 2015.

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

  • 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.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • 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.

  • Principal Debt means, at any time, the unpaid principal balance of all Borrowings.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Class Debt has the meaning assigned to such term in Section 8.09.

  • B Notes means each of Note B-1 and Note B-2.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture, the Senior Secured Notes Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any supplemental indenture, any security document relating to the Senior Secured Notes and/or the Senior Secured Notes Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Second Lien Notes Documents means the Second Lien Notes, the Second Lien Notes Indenture, the Second Lien Notes Security Documents and all other documents executed and delivered with respect to the Second Lien Notes or Second Lien Notes Indenture, as in effect on the Effective Date and as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • Senior Secured Credit Facilities means the amended and restated senior secured credit facilities dated November 30, 2016 among Studio City Company Limited, the guarantors named therein, the financial institutions named as lenders therein and the agent for such lenders, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, as such facilities may be amended, restated, modified, renewed, supplemented, replaced or refinanced from time to time.

  • Permitted Unsecured Refinancing Debt means Credit Agreement Refinancing Indebtedness in the form of unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of senior unsecured notes or loans; provided that such Indebtedness (i) constitutes Credit Agreement Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.

  • Term Notes means, collectively, the Term A Notes and the Term B Notes.

  • Senior Unsecured Notes means $2,000,000,000 in aggregate principal amount of the Borrower’s 9.000% senior notes due 2025 issued pursuant to the Senior Unsecured Notes Indenture on the Closing Date.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Senior Notes Claim means a Claim arising under or as a result of the Senior Notes.