Terms of the Senior Notes Sample Clauses

Terms of the Senior Notes. The following terms relating to the Senior Notes are hereby established pursuant to Section 3.01 of the Base Indenture:
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Terms of the Senior Notes. Issue 12% Senior Notes due 2014 (the “Senior Notes”) Issuer Company Aggregate Principal Amount Aggregate Notes Principal Amount Coupon The Senior Notes will bear interest at a rate of 12.00% per annum. Interest will be payable quarterly in arrears on the Coupon Dates of each year, beginning on October 10, 2009. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. Interest shall be payable in cash. Price to Purchaser 100.00% of Aggregate Notes Principal Amount Coupon Dates March 10, June 10, September 10 and December 10 First Coupon Date December 10, 2009 Maturity Date September 10, 2014 Prepayment /Redemption Right The Company will have the right to call/prepay the Senior Notes in whole or in part prior to the Maturity Date at par plus accrued interest to the date of redemption. Prepayments would have to be made in increments of $10 million (or, if lesser, the Aggregate Notes Principal Amount). Ranking The Senior Notes will be the Company’s senior unsecured obligations and will rank equal in right of payment with all of the Company’s existing and future indebtedness that is not contractually subordinated to the Senior Notes. The Senior Notes will be effectively subordinated to all of the Company’s existing and future indebtedness to the extent of the collateral securing the same and to all liabilities and preferred equity of all of the Company’s subsidiaries.
Sample 1
Terms of the Senior Notes. Iridium and Motorola agree that Iridium currently proposes to issue and sell the Initial Senior Notes with the Material Terms (as defined) set forth in the attached draft of the Offering Memorandum and additional Senior Notes on substantially similar terms (other than with respect to interest rate) as those set forth in the Offering Memorandum. Iridium and Motorola agree that the inclusion of certain terms of the Initial Senior Notes (the "Material Terms") were material conditions to its agreements hereunder and that the inclusion of terms no less favorable to Motorola in any issuance of Senior Notes is a material condition to its continued performance hereunder. The "Material Terms" are those described under "Description of Notes" in the Offering Memorandum under the captions "Change of Control" (which shall be amended to delete the phrases "or indirectly" and "and indirect" in subsection (a) of the definition "Change in Control"), "Certain Covenants--Limitations on Indebtedness," "--Limitation on Restricted Payments," "--Limitation on Transactions with Affiliates," "--Limitations on Liens" and "Defaults" (as well as any definitions used in such provisions), each only as they relate to (i) Motorola or (ii) Iridium's ability to make payments to Motorola under any written agreement between Motorola and Iridium or prepay indebtedness under any Credit Agreement.
Sample 1

Related to Terms of the Senior Notes

  • Terms of the Notes The following terms relating to the Notes are hereby established:

  • Terms of the Securities (a) The Securities of each series shall be substantially in the form set forth in a Company Order or in one or more indentures supplemental hereto, and shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which any series of the Securities may be listed or of any automated quotation system on which any such series may be quoted, or to conform to usage, all as determined by the officers executing such Securities as conclusively evidenced by their execution of such Securities.

  • The Senior Notes Section 2.01.

  • General Terms and Conditions of the Debentures SECTION 2.1. Designation and Principal Amount............................... 3 SECTION 2.2. Maturity....................................................... 3 SECTION 2.3. Form and Payment............................................... 3 SECTION 2.4. Global Debenture............................................... 4 SECTION 2.5. Interest....................................................... 6

  • of the Standard Terms and Conditions of Trust The Portfolio Supervisor may employ one or more sub- Portfolio Supervisors to assist in performing the services set forth in this Section 4.05 and shall not be answerable for the default of any such sub-Portfolio Supervisors if such sub-Portfolio Supervisors shall have been selected with reasonable care, provided, however, that the Portfolio Supervisor will indemnify and hold the Trust harmless from and against any loss occurring as a result of a sub- Portfolio Supervisor's willful misfeasance, reckless disregard, bad faith, or gross negligence in performing supervisory duties. The fees and expenses charged by such sub-Portfolio Supervisors shall be paid by the Portfolio Supervisor out of proceeds received by the Portfolio Supervisor in accordance with Section 4.03 hereof."

  • Terms of Notes The following terms relating to the Notes are hereby established:

  • General Terms and Conditions of the Notes Section 201.

  • Terms and Conditions of the Notes The Notes shall be governed by all the terms and conditions of the Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the Notes:

  • Modifications of Terms of Senior Indebtedness Any renewal or extension of the time of payment of any Senior Indebtedness or the exercise by the holders of Senior Indebtedness of any of their rights under any instrument creating or evidencing Senior Indebtedness, including, without limitation, the waiver of default thereunder, may be made or done all without notice to or assent from the Holders of the Securities or the Trustee. No compromise, alteration, amendment, modification, extension, renewal or other change of, or waiver, consent or other action in respect of, any liability or obligation under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Indebtedness is outstanding or of such Senior Indebtedness, whether or not such release is in accordance with the provisions of any applicable document, shall in any way alter or affect any of the provisions of this Article Sixteen or of the Securities relating to the subordination thereof.

  • of the Series Supplement The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

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