Holdback Notes definition

Holdback Notes means $187.5 million of the New Secured Notes.
Sample 1Sample 2Sample 3
Holdback Notes means the promissory notes of the Purchaser substantially in the form of Exhibits B-1 and B-2 hereto.
Sample 1Sample 2
Holdback Notes has the meaning set forth in the Backstop Commitment Agreement.
Sample 1Sample 2

Examples of Holdback Notes in a sentence

  • Further, the Backstop Parties shall have the right and obligation to subscribe for the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and, in the case of the Senior Notes Backstop Parties, shall fully backstop the remainder of the Rights Offering (not being subscribed for directly by the New Money Participating Credit Facility Creditors) in accordance with the Backstop Agreement.

  • In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Lender Backstop Parties shall receive the Lender Equity Backstop Premium and the Senior Notes Backstop Parties shall receive the Senior Notes Equity Backstop Premium in exchange for their commitments as set forth in the Backstop Agreement.

  • Further, the Backstop Parties shall have the right and obligation to subscribe for the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and shall fully backstop the remainder of the Rights Offering in accordance with the Backstop Agreement.

  • In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Backstop Parties shall receive, in the aggregate, 2.7% of the total issued and outstanding New Valaris Equity (subject to dilution by, if relevant, the New Warrants, the Newbuild Equity Pool, and the Management Incentive Plan) as of the Effective Date (the “Additional Backstop Equity”) in exchange for the Backstop Commitment.

  • In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Backstop Parties shall receive, in the aggregate, 2.7% of the total issued and outstanding New Valaris Equity (subject to dilution by the New Warrants (if relevant) and the Management Incentive Plan) as of the Effective Date (the “Additional Backstop Equity”) in exchange for the Backstop Commitment.

  • In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Backstop Parties shall receive, in the aggregate, 2.7% of the total issued and outstanding New Valaris Equity (subject to dilution by, if relevant, the New Warrants (if relevant), the Newbuild Equity Pool, and the Management Incentive Plan) as of the Effective Date (the “Additional Backstop Equity”) in exchange for the Backstop Commitment.

  • Further, the Backstop Parties shall have the right and obligation to subscribe for $187.5 million of the New Secured the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and shall fully backstop the remainder of the Rights Offering in accordance with the Backstop Agreement.

  • Further, the Backstop Parties shall have the right and obligation to subscribe for the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and, in the case ofthe Senior Notes Backstop Parties, shall fully backstop the remainder of the Rights Offering (not being subscribed for directly by the New Money Participating Credit Facility Creditors) in accordance with the Backstop Agreement.


More Definitions of Holdback Notes

Holdback Notes has the meaning set forth in Section 2.02(b).
Sample 1Sample 2
Holdback Notes means the subordinated notes issued to the Existing Lenders on the Effective Date.
Sample 1
Holdback Notes means the promissory notes in an aggregate principal amount of $3,000,000 issued by Borrower on April 18, 1997 to Kuck Xxxestment Partners, L.P., Lancx X. Xxxx xxx Scotx X. Xxxx.
Sample 1

Related to Holdback Notes

  • Escrowed Securities means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement.

  • 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.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Seller Notes means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred or contingent obligation.

  • Series D Notes is defined in Section 1.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • 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.

  • Holdback Shares has the meaning set forth in Section 2.5(b)(v).

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • Company Notes means the 5.500% Senior Notes of the Company due 2027 issued under the Indenture.

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

  • 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.

  • Refunded Notes means that portion of the Series 298 Notes and Series 300 Notes paid from the proceeds of the Bonds and other available funds of the Issuer.

  • Series A Securities means the Company's 10.01% Series A Junior Subordinated Deferrable Interest Debentures due March 15, 2027, as authenticated and issued under this Indenture.

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

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • New Senior Notes has the meaning set forth in the recitals hereto.

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

  • 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.

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

  • Series B Equipment Notes means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.

  • Initial Notes has the meaning set forth in the recitals hereto.

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.