Examples of Tranche C Obligations in a sentence
The First Amendment also provided for the designation of obligations concerning the loss sharing arrangements under the Intercreditor Amendment, which were initially considered Tranche A obligations, as "Tranche C Obligations" and as such, prepetition obligations.
On the effective date of the Chapter 11 Plan, the Debtors will distribute cash to the Tranche C Lenders sufficient to pay the Tranche C Obligations, and the Tranche C Lenders would immediately use that cash to subscribe and pay for the equity distributable under the Equity Subscription Election, including the discounted shares.
The Aggregate Commitment with respect -------------------------- to Tranche C Obligations shall expire on the Termination Date.
Each of the holders of the Initial Tranche C Obligations agrees, for the benefit of the Banks holding Non-Initial Tranche C Obligations, to take such further action and shall execute and deliver to the Administrative Agent, the Collateral Agent and the Banks such additional documents and instruments (in recordable form, if requested) as the Administrative Agent, the Collateral Agent or the Banks may reasonably request to effectuate the terms of, and the priorities established by, this Section 15.
The First Units Trustee hereby agrees, for and on behalf of the holders of any First Units, that all payments in respect of the First Units, if and when issued, are hereby subordinated to the prior indefeasible payment in cash of all of the Tranche A Obligations, the Tranche B Obligations and the Tranche C Obligations, and the Tranche A Obligations, the Tranche B Obligations and the Tranche C Obligations will have priority over the First Units in all respects and at all times.