Examples of New First Lien Lenders in a sentence
With respect to the New Common Stock to be distributed to the New First Lien Lenders, holders of Allowed Senior Secured Notes Claims and holders of Allowed Convertible Subordinated Notes Claims, all of the shares of the New Common Stock shall be issued in the name of such holder or its nominee(s) in accordance with DTC’s book-entry exchange procedures, provided, that such shares of New Common Stock are permitted to be held through DTC’s book-entry system.
The Plan provides for Reorganized KV to issue New Common Stock to the New First Lien Lenders, holders of Allowed Senior Secured Notes Claims and Allowed Convertible Subordinated Notes Claims pursuant to Section 7.9 of the Plan, subject to dilution by (i) the Rights Offering Stock, and (ii) the New Common Stock Securities that may be issued pursuant to the Management Incentive Plan.
The New Common Stock will be issued to the New First Lien Lenders, the holders of Allowed Class 3 Senior Secured Notes Claims and Allowed Class 6 Convertible Subordinated Notes Claims, in each case subject to dilution by the New Common Stock Securities issued pursuant to the Management Incentive Plan, and the Rights Offering.
The balance of the first quarter of 2015 mainly consisted of a gain of A25 million as a result of the revisiting and closing of several aged suspense account items with respect to former pension plans.
It is intended that any and all payments to be made by the Company during the term of the Refinancing Facility will be governed by the Budget, and that during the term of the Refinancing Facility the Company shall work with, and negotiate in good faith with, the New First Lien Lenders on the terms of a consensual restructuring (either in or out of court, as noted above).