Rights Offering Notes definition

Rights Offering Notes means up to $1,600,000,000 of the Exit Senior Unsecured Notes, which shall be issued for cash pursuant to the Rights Offering and the Backstop Commitment Agreement; provided that the principal amount of the Rights Offering Notes will be reduced dollar for dollar based on the amount of the Exit Facility commitments in excess of $650,000,000 as of the Effective Date, but, in any case, to no less than $1,500,000,000.

Rights Offering Notes means $30,000,000 aggregate principal amount of New Convertible Secured Notes offered pursuant to the Rights Offering.

Rights Offering Notes means the New First Lien Notes issuable in the Rights Offering, upon the exercise of Subscription Rights or Oversubscription Rights pursuant to the Offering Memorandum and the Subscription Agreements.

Examples of Rights Offering Notes in a sentence

• The Rights Offering Notes will be secured by all the assets of the Company and will be convertible into 100% of the equity of the Company immediately prior to an IPO; provided, however, that the Company will have the right to repay up to $1 million of the Rights Offering Notes out of the proceeds of an IPO.

• The number of Rights Offering Notes for which any Eligible Holder may subscribe in the Rights Offering may be decreased by the Debtors and the Reorganized Debtors to the extent required, after consultation with the Creditors Committee or as required by the Bankruptcy Court, to allow the Rights Offering to be exempt from registration under the Securities Act pursuant to Section 1145 of the Bankruptcy Code (the “Section 1145 Cutback”).

• The Debtors shall be authorized, upon consultation with the Creditors Committee, to implement procedures, and amend, supplement, modify or enter into agreements and take such actions as may be necessary or appropriate to effectuate and implement the provisions of the Rights Offering, and effectuate the distribution of the Rights Offering Notes (or other securities), without any further order of the Bankruptcy Court.

• The Credit Parties shall timely make all filings and reports relating to the offer and sale of the Rights Offering Notes and any Unsubscribed New First Lien Notes issued hereunder required under applicable securities and “Blue Sky” laws of the states of the United States following the Closing Date.

• Such Backstop Party has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of its investment in the Rights Offering Notes and the Unsubscribed New First Lien Notes, as applicable.

More Definitions of Rights Offering Notes

Rights Offering Notes means the New 1.5 Lien Notes (including all Unsubscribed New 1.5 Lien Notes purchased by the Backstop Parties pursuant to this Agreement) issued pursuant to the Rights Offering and in accordance with the Offering Memorandum.

Rights Offering Notes has the meaning set forth in Section 6.12 of the Plan.

Rights Offering Notes set forth in Section 1.1 of the Backstop Agreement be, and it hereby is, amended and restated in its entirety to read as follows:

Rights Offering Notes means the $1,600,000,000 aggregate principal amount of Exit Senior Unsecured Notes (as defined in the Plan), issued to holders of Subscription Rights and as described on Exhibit B hereto.”

Rights Offering Notes means the New Tranche A Senior Unsecured Notes as defined in the Plan and as described on Exhibit B hereto.

Rights Offering Notes means the New Money First Lien Issuer Notes (including all Unsubscribed New Money First Lien Issuer Notes purchased by the Backstop Parties pursuant to this Agreement) issued pursuant to the Rights Offering and in accordance with the Offering Memorandum.

Rights Offering Notes means the senior subordinated notes in an aggregate principal amount of $90,000,000.