1L Bonds definition

1L Bonds means (a) the Cash Pay 1L Bonds, (b) the PIK 1L Bonds (c) the PIK Interest Bonds and (d) any overdue and unpaid principal which has been issued under a separate ISIN in accordance with the regulations of the CSD from time to time.
View Source
1L Bonds means the bonds issued under the 1L Bond Issue.
View Source

Examples of 1L Bonds in a sentence

  • This means that the necessary quorum (2/3 of amount voting) of 1L Bondholders for passing resolutions under the terms of the 1L Bonds in connection with the Transaction have acceded to the Lock-up Agreement.

  • On 5 December 2020, the Company announced that it, together with certain of its subsidiaries, had entered into the Lock-Up Agreement with its 49.92% shareholder, FELS Offshore Pte Ltd (“Keppel”), and 1L Bondholders holding in aggregate over 56% of the 1L Bonds and 2L Bondholders holding in aggregate close to 13% of the 2L Bonds.

  • Ltd (“Keppel”), and an ad hoc group of 1L Bondholders (the “AHG”) and other consenting 1L Bondholders holding in aggregate over 56% by value of the 1L Bonds (the “Lock-Up Agreement”).

  • The Company is pleased to announce that additional Bondholders acceded to the Lock-Up Agreement and, as a result, 1L Bondholders holding in aggregate over 67% of the 1L Bonds and 2L Bondholders holding in aggregate close to 18% of the 2L Bonds are now party to the Lock-Up Agreement in support of the Transaction.

  • In consideration for the acquisition by Newco of the Transferring Assets, debt obligations in the amount of the 1L Bonds will be assumed by Newco along with debt obligations in a portion of the Bank Vessel Facility that is secured by the Company’s pool of “Common Collateral”, which is a pool of collateral securing the 1L Bonds, 2L Bonds and Bank Vessel Facility together (the “Newco Debt Assumption”).

  • As of 16 December 2020, 1L Bondholders holding in aggregate over 67% of the 1L Bonds and 2L Bondholders holding in aggregate close to 18% of the 2L Bonds are now party to the Lock-Up Agreement.

  • Bermuda, 5-December-2020 FLOATEL INTERNATIONAL LTD: SIGNING OF LOCK-UP AGREEMENT BY KEY FINANCIAL STAKEHOLDERS IN SUPPORT OF A PROPOSED RESTRUCTURING The Company is the Issuer under the 9 % senior secured USD 400,000,000 1st ▇▇▇▇ ▇▇▇▇▇ 2018/2024 with ISIN NO001 0833775 (the "1L Bonds", their holders, the “1L Bondholders”) and the 12.75 % USD75,000,000 2nd ▇▇▇▇ ▇▇▇▇▇ 2018/2024 with ISIN NO001 0833783 (the "2L Bonds", their holders, the “2L Bondholders”).

Related to 1L Bonds

  • School Bonds means School Obligations issued as Bonds.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.