Belmarken Notes definition
Examples of Belmarken Notes in a sentence
The waiver will expire on the earlier of (a) 90 days after the date of this letter, (b) the expiration of the time period for the waiver of any default given by the lenders under the Senior Secured Credit Facility; (c) such time as the lenders under the Senior Secured Credit Facility accelerate the indebtedness thereunder, (d) such time as any indebtedness under the UPC Notes is accelerated, and (e) the conversion of the Belmarken Notes into UPC ordinary shares in accordance with the terms hereof.
The offer to exchange shares of New UPC Common Stock for the Belmarken Notes, the UPC Notes, the claims of the General Unsecured Creditors, the Litigation Claims, the UPC Preference Shares A, the UPC Ordinary Shares A and the UPC Priority Shares will be described in the Disclosure Statement and the Plan.
The UGC Group agrees in principle to convert the 6% Guaranteed Discount Notes due 2007 of Belmarken Holding B.V. (the "Belmarken Notes") into UPC ordinary shares as part of the restructuring transaction.
The offer to exchange shares of New UPC Common Stock for the Belmarken Notes, the UPC Notes, the claims of the Other Creditors, the UPC Preference Shares A, the UPC Ordinary Shares A and the UPC Priority Shares will be included in the Prospectus.
The holders of the Telecom Owned UPC Polska Notes, the Telecom Pari Passu Notes, the Belmarken Notes and the Affiliate Indebtedness shall be deemed to be impaired for purposes of the US Bankruptcy Code and the US Bankruptcy Rules and shall be entitled to vote upon the Plan.
The holders of the Telecom Owned UPC Polska Notes, Telecom Pari Passu Notes, Belmarken Notes and Affiliate Indebtedness, shall each receive a pro rata amount of the UPC Entities Consideration based on the amount of their claims in respect of the Telecom Owned UPC Polska Notes, Telecom Pari Passu Notes, Belmarken Notes and Affiliate Indebtedness on the Filing Date.
The Plan will provide that on the Effective Date, and on the terms and conditions set forth herein and in the Plan and subject to the Plan being confirmed substantially on the terms set forth in this Agreement, the holder of the Belmarken Notes will contribute the Belmarken Notes to New UPC in exchange for shares of New UPC Common Stock.
The Plan shall also provide that simultaneously with, and conditional upon the occurrence of, the Effective Date, and on the other terms and conditions set forth herein and in the Plan, New UPC shall contribute the Belmarken Notes to the capital of UPC in exchange for UPC ordinary shares C, par value (euro) 0.02 per share, and in satisfaction of UPC's obligations under the Belmarken Notes and in exchange for the obligations of all other parties under the Belmarken Notes and the related loan documentation.
The members of the UGC Group are the lawful owners, beneficially and of record, of the Belmarken Notes, UPC Notes, UPC Preference Shares A, UPC Priority Shares and UPC Ordinary Shares A and other claims against, or interests in, UPC set forth on Annex H, free and clear of all Liens.
The contribution of the Belmarken Notes to New UPC will not be a part of the Akkoord process.