Senior Secured Sample Clauses

Senior Secured. Notes On the Effective Date, in exchange for their Senior Secured Notes, Noteholders shall receive their pro rata share of 100% of the New Common Stock (subject to dilution from the Management Incentive Plan (as detailed below) and the DIP Equity Distribution). Preferred Equity Interests On the Effective Date, in exchange for their Preferred Equity Interests, Preferred Equity Holders shall receive their pro rata share of a $6 million cash distribution. Series D Preferred Stock Holders of Series D Preferred Stock shall receive no distribution and their Series D Preferred Stock shall be canceled under the Plan. Common Equity Interests Holders of common stock shall receive no distribution and their equity interests shall be canceled under the Plan.

Senior Secured. The Maker intends to repay this Note, on a para passu basis, through application of proceeds that it expects to receive from any future financing. The repayment shall be no less than One Third (1/3) of total proceeds.

Senior Secured. Convertable Note in the aggregate principal amount of a minimum of up to $350,000 as has been authorized by the Company Board of Directors on March 5, 1999. Thinking Technologies, LP shall loan the Company up to $350,000. , which will include appropriate and necessary management expenses of ▇▇▇▇▇ Capital Management, at 10% interest per annum pursuant to a promissory note maturing on the earlier of (a) 90 days from date of Initial Note or (b) the date of a closing of a sale of securities or assets (other than the financing contemplated herein), any joint venture involving proceeds to the Company, or any other financing; the net proceeds of which, in aggregate, equal or exceed the principal amount of the Notes; subject to acceleration in the event of bankruptcy or certain other customary events.

Senior Secured. Notes mean the 12% Senior Secured Notes due March 15, 2015 issued pursuant to the Senior Secured Notes Indenture, in the original aggregate principal amount of $225,000,000 with an original aggregate purchase amount of $218,250,000 paid by the original beneficial holders of the Senior Notes.

Senior Secured. Notes Owned by the Issuer or Affiliates Deemed Not Outstanding. In determining whether the Holders of the requisite aggregate principal amount of Senior Secured Notes have concurred in any request, demand, authorization, direction, notice, consent and waiver or other act under this Indenture, Senior Secured Notes which are owned by the Issuer, any Guarantor, or any member of the Issuer or such other Guarantor or any Affiliate of any of the foregoing shall be disregarded and deemed not to be Outstanding for the purpose of any such determination except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent and waiver or other act, only Senior Secured Notes for which a Responsible Officer of the Trustee has received written notice of such ownership as conclusively evidenced by the register kept by the Registrar shall be so disregarded. The Issuer shall furnish the Trustee, upon its reasonable request, with a list of such Affiliates. Senior Secured Notes so owned which have been pledged in good faith may be regarded as Outstanding for the purposes of this Section 10.08, if the pledgee shall establish to the satisfaction of the Trustee that the pledgee has the right to vote such Senior Secured Notes and that the pledgee is not an Affiliate of the Issuer. In case of a dispute as to such right, any decision by the Trustee, taken upon the advice of counsel, shall be full protection to the Trustee.