Examples of Second Lien Term Loan Claim in a sentence
Each Holder of an Allowed Second Lien Term Loan Claim shall receive, in full and final satisfaction of such Claim, its Pro Rata share of 4.25% of the New Common Stock issued pursuant to the Plan on the Effective Date, subject to dilution on account of the Management Incentive Plan.
Except to the extent that a Holder of an Allowed Second Lien Term Loan Claim agrees to a less favorable treatment of its Allowed Claim, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Second Lien Term Loan Claim, each Holder of an Allowed Second Lien Term Loan Claim shall receive its Pro Rata share of 29% of the New Common Stock in Reorganized Blackhawk.
As a condition precedent to any Out-of-Court Restructuring, holders of no less than 100% of the aggregate outstanding principal amount of First Lien Loan Claim and Second Lien Term Loan Claim shall have executed the Exchange Agreement and all other documents reasonably necessary to consummate the Out-of-Court Restructuring.
The deferred tax liability recognised on UK ring fence asset temporary differences in respect of non-current assets of US$245.7m (2019: US$303.6m) includes temporary differences in respect of investment allowances (previously field allowances) of US$(21.7)m (2019: US$20.2m) on the Laverda and Kraken developments which will reduce future ring fence profits subject to SCT.
Each Holder of an Allowed Class 7 Second Lien Term Loan Claim who elects the Second Lien Term Loan Equity Election shall receive its Plan distribution in New Common Units and Rights (i) from the Debtors on the Effective Date or (ii) from the Purchaser as soon as reasonably practicable after the Effective Date.