Second Lien Notes Claims definition
Examples of Second Lien Notes Claims in a sentence
As more fully documented in the Second Lien RSA, the Plan treatments provided in the Plan to the Holders of Second Lien Notes Claims have been made available pursuant to a settlement by and among the Debtors, CEC, CAC, the Second Priority Noteholders Committee, and the Consenting Second Lien Creditors, as reflected in the Plan.
Second Lien Notes Claims will receive new notes in the current principal amount (approximately $75,600,000) plus the amount of accrued but unpaid interest at the non-default rate through the Plan Effective Date, which new notes shall be substantially similar to the current Second Lien Notes but providing a 12 month later maturity and a 200 basis point increase to the interest rate.
Holders of the Allowed Second Lien Notes Claims and holders of Allowed Class 5B Claims (in their capacities as such) shall participate in the transactions contemplated by this Agreement according to the Pro Rata Split.
Holders of Allowed Second Lien Notes Claims and Allowed Class 5B Claims may, in their sole discretion, elect to participate in the rights and obligations set forth by this Agreement as an Additional Private Placement Party (to the extent they meet the qualifications set forth in the definition of such term) until the date that is twenty (20) Business Days following the Debtors’ filing of the PPA and BCA Approval Motion (the “Private Placement Enrollment Outside Date”).
Superpriority Term Loan Claims First Lien Term Loan Claims First Lien U.S. Notes Claims First Lien Euro Notes Claims 2023 Stub First Lien Term Loan Claims Second Lien Notes Claims 2024 Stub Unsecured Notes Claims DNI Interests 1 Capitalized terms used but not otherwise defined herein shall having the meaning ascribed to such terms in the Agreement.