Excluded Rights

Excluded Rights. With respect to an Collateral Debt Security, the right of the holder thereof to purchase any Underlying Term Loan as set forth in the related Underlying Instruments and any right to redeem or purchase other securities issued under such Underlying Instruments.

Excluded Rights. Means (1)(x) any rights of a New Creditor to effect any conversion, exercise or exchange of a New Creditor Note or Warrant into securities of the Company (and to hold and/or receive, as applicable, without any obligation to turn over to HOLDER or any other Person, any such securities or any proceeds therefrom), or (y) any rights of the New Creditor to demand or institute proceedings, including an Enforcement Action, to enforce (or obtain specific performance with respect to) any such rights, or... (2) any securities of the Company received or receivable by the New Creditor upon conversion, exercise or exchange of a New Creditor Note or a Warrant (including, without limitation, any proceeds therefrom after receipt thereof and subsequent sale by the New Creditor). View More