Reorganization Securities

Reorganization Securities. Shall mean any debt or equity securities of the Company or any other Person that are distributed to the Subordinated Creditors in respect of the Subordinated Debt pursuant to a confirmed plan of reorganization or adjustment (or any debt or equity securities issued in a Proceeding pursuant to an order of a bankruptcy court in satisfaction of all or a portion thereof) and that are subordinated in right of payment to the Senior Debt (or any debt or equity securities issued in substitution of all... or any portion of the Senior Debt) to the same extent as the Subordinated Debt is subordinated to the Senior Debt pursuant to such supplements to or modifications to this Agreement between the Subordinated Creditors and Agent as Agent may reasonably request to reflect the continued subordination of the Reorganization Securities to the Senior Debt. View More

Reorganization Securities. Shall mean shares of stock of the Company, or its successor, as reorganized, or other securities of the Company or any other person provided for by a plan of reorganization, the payment of which is subordinated, at least to the same extent as this Note, to the payment of all Senior Indebtedness which may at the time be outstanding and the principal of which is due no earlier than the principal of this Note, provided that the rights of the holders of the Senior Indebtedness are not impaired... thereby or such holders as a class shall have approved such plan of reorganization. View More

Reorganization Securities. Common stock, other non-redeemable stock or debt subordinated to the Senior Indebtedness on terms at least as favorable to the holders of Senior Indebtedness as the terms of this Note, in each case issued pursuant to a plan of reorganization or otherwise in a Reorganization in exchange for Subordinated Indebtedness.

Reorganization Securities. Any debt or equity securities of any Obligor or any other Person, which securities are provided for by a plan of reorganization, composition, arrangement, adjustment or readjustment of such Obligor, which plan has been adopted pursuant to a proceeding under the Bankruptcy Code or other federal or state judicial proceeding and confirmed or approved by the court having jurisdiction of such proceeding; provided that (a) in the case of equity securities, if such equity securities provide for... mandatory redemption or mandatory dividend payments, the payment thereof shall be subordinated in right of payment, at least to the extent provided in this Agreement with respect to the Junior Subordinated Obligations, to the payment of all Secured Obligations and to the payment of all debt or equity securities issued in exchange for the Secured Obligations to the holders of Secured Obligations, and (b) in the case of debt securities, any payment in respect of such debt securities shall be subordinated in right of payment, at least to the extent provided in this Agreement with respect to the Junior Subordinated Obligations, to the payment of all Secured Obligations and to the payment of all debt or equity securities issued in exchange for the Secured Obligations to the holders of Secured Obligations View More