Examples of New Promissory Notes in a sentence
As part of the debt restructuring, the GoS reissued two New Promissory Notes to SeyCCAT (one for US$15.2 million at 3% over 10 years, and the other for US$6.4 million at 3% over 20 years).
While the four corners of any one of those contracts may address certain is- sues between the two parties to that particular contract, they do not and cannot address all of the issues that may impact those parties or any of the other parties that are necessary to complete the overall project work.106The weight of scholastic literature suggests that construction contracts are better read in the credible context in which they were formulated and are to be performed—the Posner construct.
Bernabe B, Lasbleiz S, Gerber R A, Cappelleri J C, Yelnik A, Orcel P, et al.
However, no Board should be expected or assumed to provide ongoing, non- emergency services to out-of-district clients without its explicit consent and without a mutually agreeable reimbursement mechanism having been negotiated.
Except to the extent satisfied by the issuance of New Promissory Notes, the Reorganized Debtors shall reserve and segregate Cash in an amount equal to accrued but unpaid Fee Claims as of the Effective Date, which Cash shall be used, until all Allowed Fee Claims have been paid in full, solely for the payment of Allowed Fee Claims.
The terms and conditions of the New Promissory Notes, which shall be issued by Reorganized ATX and guaranteed by certain Reorganized Debtors, shall be substantially similar in all material respects to those contained in the form of the New Promissory Note to be filed as part of the Plan Supplement.
The Reorganized Company will continue to have outstanding indebtedness following confirmation of the Plan and the occurrence of the Effective Date, including the New Debt, the New Promissory Notes and the Exit Financing.
The New Promissory Notes shall be issued pursuant to Section 5.02 of the Plan to the persons and entities identified in Exhibit E to the Plan, which exhibit also sets forth the stated principal amount to be issued to each holder of a New Promissory Note.
Except as set forth below with respect to the issuance of New Promissory Notes to certain parties, the Debtors believe that the provisions of section 1145(a)(l) of the Bankruptcy Code exempt the offer and distribution of the New ATX Securities on the Effective Date under the Plan from federal and state securities registration and filing requirements.
Subject to revision or modification prior to the Effective Date, the New Promissory Notes, which shall be issued by Reorganized ATX and guaranteed by certain Reorganized Debtors, shall have an aggregate face value of $2 million and shall be substantially similar in all material respects to those contained in the form of New Promissory Note to be filed a part of the Plan Supplement.