New Term Notes definition

New Term Notes means term notes in the aggregate principal amount of $135 million to be issued by GMI to the Secured Lenders on the Effective Date, guaranteed by the Reorganized Subsidiaries, and secured by second priority liens and security interests on substantially all of the Reorganized Debtors' tangible and intangible assets, including, without limitation, intellectual property, real property and the capital stock of each Reorganized Subsidiary (except that the liens shall be limited to 65% of the interests held by GMI in its non-debtor foreign subsidiaries and affiliates). The New Term Notes are payable in full three years from their date of issuance.

New Term Notes as defined in Section 2.8(e).

New Term Notes means those certain amended and restated term notes in the aggregate principal amount of $38,000,000 that will be issued pursuant to the New Credit Agreement.

Examples of New Term Notes in a sentence

• In addition, subject to Section 6.2(b) of this Plan, on the Effective Date, each Holder of an Allowed Pre-Petition Credit Agreement Claim shall receive its Pro Rata Share of (i) 100% of the New Term Notes and (ii) 100% of the New Common Stock.

• The New Term Notes will be guaranteed by the Reorganized Subsidiaries, and secured by second priority liens and security interests on substantially all of the Reorganized Debtors' tangible and intangible assets, including, without limitation, intellectual property, real property and the capital stock of each Reorganized Subsidiary (except that the liens shall be limited to 65% of the interests held by GMI in its non-debtor foreign subsidiaries and affiliates).

• The new guaranty will be secured by the same assets that secure the New Term Notes.

• As noted below (see "Tax Consequences to Creditors -- Allocation of Consideration Received"), under the Plan, Cash or New Term Notes will be distributed to Holders of Pre-Petition Credit Agreement Claims and General Unsecured Claims in respect of their Claims for accrued interest.

• The New Term Notes will be issued to holders of Pre-Petition Credit Agreement Claims.

More Definitions of New Term Notes

New Term Notes shall have the meaning provided in Section 12.17(ix).

New Term Notes means the promissory notes of the Borrower, substantially in the form of Exhibit A-1 hereto, each payable to the order of a New Term Lender, evidencing New Term Loans.

New Term Notes means the promissory notes of the Borrower in favor -------------- of each of the Banks evidencing the New Term Loan provided pursuant to Section 2.4(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

New Term Notes means the term loan notes to be issued by the Company pursuant to the Post-Consummation Facility in an aggregate amount equal to the sum of (i)

New Term Notes is hereby added in the correct alphabetical order in Part I of Appendix A to the Indenture as follows:

New Term Notes means the Term Notes issued on or after the Third Amendment Closing Date.”

New Term Notes means new term notes to be issued by New Holdco pursuant to the New Term Notes Indenture in the principal amount of $300 million, substantially in the form contained in the Plan Supplement.