First Mortgage Notes definition

First Mortgage Notes means the floating rate notes due 2012 issued by Holdings under the First Mortgage Notes Indenture.

First Mortgage Notes means those First Mortgage Notes identified on Schedule III attached hereto, and subsequent promissory notes or other evidences of indebtedness of the Borrower in each case secured by first mortgages on property owned by the Borrower or its Subsidiaries.

First Mortgage Notes means the Borrower's 10-3/4% First Mortgage Notes due October 1, 2002 in the aggregate principal amount of $500 million and issued pursuant to the First Mortgage Note Indenture, as amended, supplemented, restated or otherwise modified from time to time.

Examples of First Mortgage Notes in a sentence

• Borrower hereby agrees that all First Mortgage Notes that are part of the First Mortgage Collateral and any notes securing personal property or other property (collectively, the "Pledged Notes") shall have priority in right and remedy over any claims, however evidenced, for other loans, whenever made, that are secured by mortgages or security agreements on the property securing the Pledged Notes.

• As part of the consideration for the settlement of their claims, holders of the First Mortgage Notes received 15 million common shares and 1 million common shares were distributed to unsecured creditors in April 2002 (note 1).

• The Partnership recorded an extraordinary charge of $73.5 million during the first quarter of 1998 (including $0.7 million allocated to minority interest), which represents the redemption premium of $70.1 million and unamortized debt issue costs related to the First Mortgage Notes of $3.4 million.

• The First Mortgage Notes will mature September 15, 2009, and will require semiannual prepayments, without premium on the principal thereof, beginning on March 15, 2001.

• The pension obligations were restructured through the new collective bargaining agreements and an arrangement with the Superintendent of the Financial Services Commission of Ontario;• new financing facilities and a $50 million loan guarantee provided by the Government of Canada; and• a new Board of Directors comprised of 7 nominees of the holders of the First Mortgage Notes and 3 nominees of the United Steelworkers of America.

More Definitions of First Mortgage Notes

First Mortgage Notes. The $450 million 10.125% First Mortgage Notes of Company due December 1, 2003.

First Mortgage Notes means all of the outstanding 11% First Mortgage Notes due 2004 of Huntsman Petrochemical, issued pursuant to that certain Indenture between the Company and the United States Trust Company of New York, a New York corporation, as trustee, dated as of April 15, 1994, as amended, supplemented, restated or otherwise modified.

First Mortgage Notes means the Series A-C First Mortgage Notes, the Series D First Mortgage Notes and the Series E First Mortgage Notes.

First Mortgage Notes has the meaning specified in the recitals hereto.

First Mortgage Notes means the Corporation's $20,000,000 aggregate principal amount of 11.08% first mortgage notes due November 30, 2000 issued pursuant to the First Mortgage Note Purchase Agreement.

First Mortgage Notes means the Series D First Mortgage Notes and the Series E First Mortgage Notes.

First Mortgage Notes means the Company's 13 1/4% First Mortgage Notes due 2004.