Examples of Prepetition Notes Claim in a sentence
In order to opt out of the Cash Payout with respect to all or any portion of its Allowed Prepetition Notes Claim, a Holder of an Allowed Prepetition Notes Claim will be required to tender the underlying Prepetition Notes into a contra-CUSIP pursuant to DTC’s ATOP procedures by the deadline specified in the Cash Opt Out Election Form, and Prepetition Notes that are tendered into the contra-CUSIP may no longer be transferable.
On, or as soon as reasonably practicable after, the Effective Date, each Holder of an Allowed Prepetition Notes Claim against Parent shall receive, in full satisfaction, settlement, discharge and release of, and in exchange for, such Claim, its Pro Rata share (calculated together with the Claims in Class 6) of the Parent GUC Recovery Cash Pool; provided that the Holders of the Prepetition Notes Claims against Parent shall waive any distribution from the Parent GUC Recovery Cash Pool.
The Subscription Rights (which shall be attached to each Allowed Prepetition Notes Claim and transferable with such Allowed Prepetition Notes Claim as set forth in the Rights Offering Procedures, but such Subscription Rights may only be exercised to the extent such Holder is an Accredited Investor) in accordance with the Disclosure Statement Order and the Rights Offering Procedures.
If multiple Beneficial Holder Ballots are received from the same Holder of a Class 7 – Prepetition Notes Claim with respect to the same Class 7 Claim prior to the Noteholder Voting Deadline, the last Beneficial Holder Ballot timely received will supersede and revoke any earlier received Beneficial Holder Ballots.
On the Effective Date, each Holder of an Allowed Prepetition Notes Claim shall receive, in full satisfaction, settlement, discharge and release of, and in exchange for, such Claim, in addition to the reimbursement described in Article V.U and Article V.V of this Plan, its Pro Rata share of 96% of the New 2 The Allowed amount excludes any unpaid Ad Hoc Noteholders Group Fees and Expenses that will be paid in Cash on the Effective Date pursuant to Article III.A.4.c.A of this Plan.
You are receiving this Beneficial Holder Ballot because our records indicate that you are a Beneficial Holder of a Class 7 – Prepetition Notes Claim, as of the close of business on June 24, 2019 (the “Noteholder Voting Record Date”).
As a condition precedent to receiving any distribution on account of its Prepetition Notes Claim, each Prepetition Noteholder shall be deemed to have surrendered its Prepetition Notes and other documentation underlying its Prepetition Notes Claims, and all such surrendered Prepetition Notes and other documentation shall be deemed to be cancelled pursuant to this section, except to the extent otherwise provided herein.
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On the Initial Distribution Date, each Holder of an Allowed Prepetition Notes Claim will receive, in full satisfaction, settlement, discharge and release of, and in exchange for, such Claim, its Pro Rata share of (i) 99% of the New Common Stock, subject to dilution on account of equity issued pursuant to the New Management Incentive Plan and the New Common Stock issuable pursuant to the New Warrants and (ii) the Takeback Notes.
Memorandum of UnderstandingIn order to bring the project forward a Memorandum of Understanding (Appendix 2 circulated) has been developed for each Council to sign up to agreeing the principles for the joint working.