Examples of SSN Indenture in a sentence
The Disbursing Agent shall withhold the Distribution Reserve from the Cash or other property (other than the New Common Stock to be distributed to the SSN Indenture Trustee for the ratable benefit of the holders of Allowed Class 5 SSN Claims) to be distributed under the Plan.
There were two 2016 Accession Deeds: one providing first ranking security over the Shareholder Loan for the Term Loan Facility and the SSN Indenture debt by way of accession to the first ranking IRSA, and the second providing second ranking security over the same asset (the Shareholder Loan) for the SN Indenture debt by way of accession to the second ranking IRSA.
The SSN Indenture Trustee shall, in accordance with the terms of the SSN Indenture, promptly distribute to each Holder of an Allowed Class 5 SSN Claim, as of the Distribution Notification Date, such Holder’s Pro Rata share of 90% of the aggregate New Common Stock, subject to dilution resulting from the issuance of equity pursuant to the Management Incentive Plan.
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On or before the Distribution Date, or as soon as practicable thereafter, each holder of an instrument evidencing (i) a Claim on account of SSNs (a “Certificate”) shall surrender such Certificate to the SSN Indenture Trustee and such Certificate shall be cancelled and (ii) an Equity Security Interest (a “Stock Certificate”) shall surrender such Stock Certificate to the Disbursing Agent and such Stock Certificate shall be cancelled.
No distribution of property hereunder shall be made by the SSN Indenture Trustee or the Disbursing Agent, as the case may be, to any such holder unless and until such Certificate or Stock Certificate is received by the SSN Indenture Trustee or the Disbursing Agent, as applicable, or the unavailability of such Certificate or Stock Certificate is reasonably established to the satisfaction of the SSN Indenture Trustee or the Disbursing Agent, as applicable.
No fractional shares of New Common Stock shall be issued or distributed under the Plan by the Reorganized Debtors, the Disbursing Agent, or the SSN Indenture Trustee.
This is because the Existing SSN Holders are entitled to call for the issuance of Definitive Notes in certain circumstances under the Existing SSN Indenture.
They noted that (1) an Acceleration Event had occurred under the terms of the ICA and that the Transaction Security had therefore become enforceable; and (2) instructed the SSN Trustee, pursuant to Section 6.05 of the SSN Indenture, to deliver an initial enforcement notice to the Security Agent.
Prior to any distribution on account of an Allowed Class 5 SSN Claim, the SSN Indenture Trustee shall instruct the Disbursing Agent, in a form and manner that the Disbursing Agent reasonably determines to be acceptable, of the names of the Holders of Allowed Class 5 SSN Claims, and the New Common Stock to be issued and distributed to or on behalf of such Holders of Allowed Class 5 SSN Claims in exchange for properly surrendered SSNs.