Claimant Notes definition
Claimant Notes means the unsecured 10% Senior Guaranteed Notes due July 15, 2013 issued pursuant to the Indenture (maximum commitment of U.S. $75,000,000, provided that the aggregate amount outstanding may be increased as a result of PIK interest, prepayment premiums not in excess of 5% of the principal amount of such outstandings and amounts deposited in accordance with the Indenture in order to defease and then ultimately redeem all outstanding amounts thereunder, with any overage being returned to the issuers), dated July 21, 2009, and as amended or modified, among Novink (USA) Corp., as Issuer, World Color Press, as Guarantor, and The Bank of New York Mellon, as Trustee, as amended.
Claimant Notes has the meaning set forth in clause (c) of the definition of Specified Existing Indebtedness.
Examples of Claimant Notes in a sentence
Payoff Letter(s) evidencing the repayment, cancellation and termination of the Specified Existing Indebtedness or the placing of sufficient funds in escrow for that purpose (or, in the case of the Claimant Notes, the termination of the related indenture or the termination or inapplicability of the covenants of World Color Press Inc.