Examples of Second Lien Notes Claim in a sentence
Each Holder of an Allowed Second Lien Notes Claim shall receive its Pro Rata share of 95% of the New DNR Equity, subject to dilution by the Warrants and the Management Incentive Plan.
Under Article III.B of the Plan, each Holder of an Allowed Prepetition Credit Agreement Claim, Allowed Secured First Lien Notes Claim, Allowed Second Lien Notes Claim, Allowed Subsidiary Guaranteed Notes Claim, Allowed Senior Unsecured Notes Claim, Allowed Disputed Unsecured Claim, Allowed Undisputed Unsecured Claim, or Allowed Insurance Covered Unsecured Claim will receive at least a portion of its recovery in the form of New CEC Common Equity.
Each Holder of a Second Lien Notes Claim is entitled to vote to accept or reject the Plan.
The Election Participants5 will receive, as applicable, the following forms (collectively, the “Election Forms”): • Each Holder of an Allowed Second Lien Notes Claim will receive a form (a “Second Lien Notes Election Form”) pursuant to which each such Holder may elect to receive Cash in lieu of New CEC Common Equity, as and to the extent set forth herein.
On the Effective Date, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each Second Lien Notes Claim, each holder of any such Claim will receive its pro rata share of 0.5% of the Reorganized Cenveo Equity Interests, subject to dilution by the Management Incentive Plan.