CCG Note definition
CCG Note means the promissory note in the amount of $1.8 million to be issued by the Reorganized Debtors as of the Effective Date which is made payable to the CCG Creditors’ Trust solely for the benefit of Creditors in Class B-4 holding Allowed Unsecured Claims against CCG. The CCG Note, the CDSI Note, the CCS Note, and the Med Note, jointly, shall be secured by a second priority lien on all of the assets of the Reorganized Debtors, subordinate to any working capital line(s) obtained by the Reorganized Debtors in the ordinary course of business up to $15 million. The CCG Note shall be payable in equal quarterly payments with simple interest at a rate of 6% per annum, and payable pursuant to a two-year amortization. The CCG Note shall become due one year following the Effective Date. The principal amount of the CCG Note may be increased by the Additional Amount, in which case such Additional Amount shall become due and payable one year from the Effective Date (the Additional Amount shall not affect the calculation of quarterly payments otherwise due on the CCG Note).
CCG Note means the promissory note to be issued by the Reorganized Debtors pursuant to the CDSI Plan which is (a) made payable to the CCG Creditors’ Trust solely for the benefit of certain creditors holding Unsecured Claims against CCG, and (b) secured by a second priority lien on all of the assets of the Reorganized Debtors (subject to the terms and conditions of the Inter-Trust Creditor Agreement), subordinate to any working capital line(s) obtained by the Reorganized Debtors in the ordinary course of business up to $15,000,000.
CCG Note means the promissory note to be issued by the Reorganized Debtors pursuant to the CDSI Plan which is made payable to the CCG Creditors’ Trust solely for the benefit of certain creditors holding Unsecured Claims against CCG.