Examples of Senior Notes Trustee in a sentence
As soon as practicable in accordance with the requirements set forth in this provision, the Senior Notes Trustee shall arrange to deliver such distributions to or on behalf of such holders of Allowed Senior Notes Claims.
The Senior Notes Trustee shall hold or direct such distributions for the benefit of the holders of Allowed Senior Notes Claims, as applicable.
On May 17, 2016, the Debtors received notice from the Senior Notes Trustee of a default under the Senior Notes Indenture due to 21C’s failure to timely furnish the Senior Notes Trustee and the holders of the Senior Notes (the “ Senior Noteholders”) with the Company’s annual report for the fiscal year ended December 31, 2015.
In connection with such distribution, the Senior Notes Trustee shall deliver instructions to DTC instructing DTC to effect distributions on a Pro Rata basis as provided under the Prepackaged Plan with respect to the Senior Notes Claims.
Notwithstanding anything herein to the contrary, distributions under the Prepackaged Plan on account of the Senior Notes Claims shall be subject to the rights of the Senior Notes Trustee under the Senior Notes Indenture, including the right of the Senior Notes Trustee to assert and exercise their charging lien.