2013 Notes and 2016 Notes Sample Clauses


2013 Notes and 2016 Notes. The 2013 Notes and the 2016 Notes were issued under an indenture, dated June 6, 2006, by and between EME and Wells Fargo Bank, National Association, as trustee, as supplemented from time to time thereafter. The 2013 Notes and the 2016 Notes are unsecured and rank equally with EME’s other unsecured senior indebtedness, including the 2017 Notes, the 2019 Notes and the 2027 Notes.In addition to the default relating to the filing of the Chapter 11 Cases, on December 17, 2012, EME failed to make semiannual interest payments of an aggregate amount of $38.1 million. As a result, the holders of 25 percent in aggregate principal amount of either of the 2013 Notes or the 2016 Notes had the right to accelerate their respective obligations under either of the 2013 Notes or the 2016 Notes, subject to the automatic stay under the Bankruptcy Code.