Cerberus 3L Notes definition

Cerberus 3L Notes means the $30.0 million in aggregate principal amount of 5.00% third lien term loans or notes due [ ], 2026, issued on the Issue Date, provided by the Sponsor on the Issue Date plus additional principal amounts due to payment of interest in kind in an amount not to exceed 5.00% per annum, which shall be subject to the Intercreditor Agreement on a third lien basis, consistent with the terms described in the Offering Memorandum.
Sample 1
Cerberus 3L Notes means the $30.0 million in aggregate principal amount of 5.00% third lien loans or notes due no earlier than 2026 provided by the Sponsor on the Issue Date plus additional principal amounts due to payment of interest in kind in an amount not to exceed 5.00% per annum, which shall be subject to the Intercreditor Agreement on a third lien basis, consistent with the terms described in this Offering Memorandum.
Sample 1

Examples of Cerberus 3L Notes in a sentence

  • Liens existing on the Issue Date (other than Liens securing secured parties under the Credit Agreement, the New Notes and the Cerberus 3L Notes); provided that any existing Lien securing Indebtedness in excess of $1.0 million individually or $5.0 million in the aggregate shall only be a Permitted Lien under this clause (7) if listed on a schedule to the New Notes Indenture, which will be identical to the corresponding schedule to the Credit Agreement as in effect on the Issue Date.

  • In the event of a bankruptcy, liquidation, reorganization or other winding up of Holdings or DynCorp International, we must pay the holders of New Notes and the lenders under the New Senior Credit Facility and the Cerberus 3L Notes with proceeds of such collateral before we will be able to distribute any of our assets to holders of Existing Notes.

  • Notwithstanding anything to the contrary in the New Notes Indenture, the Issuer and Holdings will not, and will not permit any of the Restricted Subsidiaries to, directly or indirectly return any of the proceeds of, or otherwise make any cash payments in respect of, the Cerberus 3L Notes to the Sponsor or any direct or indirect parent of the Issuer, whether in the form of cash, a dividend or otherwise.

  • Accordingly, the New Senior Credit Facility, the New Notes and the Cerberus 3L Notes will be effectively senior to the Existing Notes to the extent of the value of the collateral securing these obligations.

  • Security Documents and Intercreditor Agreement The Issuer, the Guarantors and the Collateral Agent will enter into one or more Security Documents defining the terms of the security interests that secure the New Notes and the Guarantees and Junior Priority Indebtedness permitted to be Incurred under the New Notes Indenture, including the Cerberus 3L Notes.

  • The Existing Notes will not get the benefit of the collateral securing the New Senior Credit Facility, the New Notes and the Cerberus 3L Notes.

  • The Existing Notes will not get the benefit of the collateral securing the New Senior Credit Facility, the New Notes and the Cerberus 3L Notes and if there is an event of default in the future the New Notes will be entitled to an Acceleration Premium that may increase the amount of their claims following acceleration.

Related to Cerberus 3L Notes

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Initial Notes means the first $500,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Initial Note Holders shall have the meaning assigned to such term in the preamble to this Agreement.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Note A-5 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

  • Seller Notes means the series of unsecured, subordinated promissory notes in the initial aggregate principal amount of $100 million issued to Globetrotter Co-Investment B LP and to the selling equity holders of Lakeland Holdings, LLC (including the intragroup back-to-back notes issued by certain Debtors to other Debtors related thereto) and the guarantees provided by Lakeland Seller Finance, LLC in respect thereof, in connection with that certain Sale and Merger Agreement dated as of November 8, 2017, by and among WS Holdings Acquisition, Inc., as Purchaser, WS Holdings, Inc. as Blocker Corp., Lakeland Holdings, LLC as the Company, Lakeland Merger Sub II, LLC as Merger Sub, Globetrotter Co-Investment B LP as Blocker Seller and, solely in its capacity as Representative in accordance with the terms of the Sale and Merger Agreement, Metalmark Management II LLC.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Convertible Notes has the meaning set forth in the Recitals.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • PIK Notes means additional Notes issued under this Indenture on the same terms and conditions as the Initial Notes in connection with the payment of PIK Interest.

  • Series D Notes is defined in Section 1.

  • DTC Notes means the Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC and substantially in the form of Exhibit B hereto. The Notes will be DTC Notes at issuance.