Examples of Senior Notes Holders in a sentence
If a Change of Control Triggering Event occurs, unless the Company has exercised its right to redeem the Senior Notes, Holders of Senior Notes will have the right to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their Senior Notes pursuant to the offer described below (the “Change of Control Offer”).
Absent the willingness of the Senior Notes Holders in Classes 6 and 7 to provide the additional value described below to the Subordinated Notes Holders in Classes 8, 9, and 10, the Subordinated Notes Holders would not be entitled to, and would not, receive any distribution from the Debtors under the Plan on account of their Claims against the Debtors other than the cash and assets described above.
The Senior Notes Holders, along with the Secured Lenders who will remain unimpaired under the Plan, are entitled under the Bankruptcy Code to a distribution of 100% of the Debtors' and Reorganized Debtors' enterprise value, other than the Delaware/Inc.
If a Change of Control Triggering Event occurs, unless the Company has exercised its right to redeem the Senior Notes, Holders of Senior Notes will have the right to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their Senior Notes pursuant to the offer described below (the "Change of Control Offer").
Nevertheless, to facilitate and avoid delay in consummation of the Plan and the Debtors' restructuring, among other things, the Senior Notes Holders have agreed to provide to the Subordinated Notes Holders, in exchange for their acceptance of the Plan and assent to the transactions contemplated thereby, a portion of the Debtors' and Reorganized Debtors' enterprise value that the Senior Notes Holders otherwise would be entitled to receive.
Accordingly, if and to the extent that a Class of Subordinated Notes Holders entitled to vote on this Plan fails to accept the Plan, then no member of such rejecting Class of Subordinated Notes Holders shall be entitled to, or shall receive, the additional value being provided by the Senior Notes Holders, which additional value shall be retained by the Senior Notes Holders or treated as otherwise set forth in the Confirmation Order.
By purchasing Senior Notes, Holders of Senior Notes acknowledge that all Senior Notes issued or to be issued by BPE Financiaciones, S.A. shall rank pari passu among themselves, and by purchasing Subordinated Notes, Holders of Subordinated Notes acknowledge that all Subordinated Notes issued or to be issued by BPE Financiaciones, S.A. under the Programme shall rank pari passu among themselves, in each case regardless of their respective issue date.
Except as set forth in this Section 11.5, neither the Existing Senior Notes Holders nor the Existing Senior Notes Trustee shall have any rights to approve any release, waiver, amendment, modification, charge, discharge or termination with respect to this Agreement.
This Plan is predicated on, among other things, agreement to the terms of the Debtors' restructuring between and among the Senior Notes Holders (Classes 6 and 7) and the Subordinated Notes Holders (Classes 8, 9, and 10).
The Debtors and the Ad Hoc Committee of WorldCom Senior Notes Holders assert that WorldCom, Inc.