Combination Exchange definition

Combination Exchange has the meaning ascribed to it in the Offering Memorandum.
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Combination Exchange has the meaning ascribed to it in Section 2.06 of this Indenture.
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Combination Exchange means the automatic exchange of the New 2021 Notes and the receipt by Holders of their pro rata share of: (i) $243,283,000 aggregate principal amount of Notes under an indenture, to be dated as of the Combination Exchange Date, on the terms described under the caption “Description of the Newco Secured Notes” in the Offering Memorandum; (ii) $243,283,000 aggregate principal amount of 8.750% Senior Second Lien Secured Notes due 2026 issued by SESI under an indenture, to be dated as of the Combination Exchange Date, on the terms described under the caption “Description of the Superior Secured Notes” in the Offering Memorandum and (iii) $131,374,001 in cash.
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Examples of Combination Exchange in a sentence

  • Each holder is deemed to have (i) agreed to be bound by the Combination Exchange and (ii) irrevocably authorized and directed the Trustee, or any other person required to complete the Combination Exchange, to take all actions required to consummate the Combination Exchange without the need for further direction from such holder under this Indenture.

  • The Combination Exchange will be completed on a cashless basis and no consent or any other action will be required by the holders of the Notes for the Combination Exchange.

  • The Combination Exchange will be completed on a cashless basis and no consent or any other action will be required by the holders of the Notes, for the Combination Exchange.

  • On the Combination Exchange Date, accrued interest in respect of the Notes to, but excluding, the Combination Exchange Date shall be paid in cash.

  • Section 5.1 Split Up, Combination, Exchange and Transfer of Warrant Certificates.

  • The Notes will be automatically cancelled upon consummation of the Combination Exchange (and the Notes Guarantees and the Notes Collateral will be automatically released and terminated).

  • Section 5.1. Split Up, Combination, Exchange and Transfer of Warrant ------------------------------------------------------- Certificates.

  • The Notes will be automatically cancelled upon consummation of the Combination Exchange.

  • Split-Up, Combination, Exchange and Transfer of Warrant Certificates.

  • Section 5.1: Split-up, Combination, Exchange and Transfer of Warrants.