Interest Notes definition

Interest Notes and individually called an "Interest Note") in payment of any or all interest due on or before the second anniversary of the applicable Closing Date, which Interest Notes shall bear interest on the unpaid balance thereof at the rate of 8.3% per annum (computed on the basis of a 360-day year of twelve 30-day months) from the date of issuance thereof until the second anniversary of the applicable Closing Date and at the rate of 5.0% per annum (computed on the basis of a 360-day year of twelve 30-day months) thereafter until the principal thereof shall become due and payable (whether at maturity, upon notice of prepayment or otherwise); and, provided, further, that the Company may, at its sole option, issue Interest Notes in lieu of a cash payment of any or all interest due after the second anniversary of the Closing Date, which Interest Notes shall bear interest on the unpaid balance thereof from the date of issuance thereof at the rate of 5.0% per annum (computed on the basis of a 360-day year of twelve 30-day months) until the principal thereof shall become due and payable (whether at maturity, upon notice of prepayment or otherwise). Interest on the Interest Notes will be payable semi-annually in arrears on the last day of the applicable month, commencing six months from the date of issuance thereof, and if such date is not a Business Day on the next Business Day thereafter. Such Interest Notes shall be substantially in the form of Exhibit A attached hereto. For purposes of this Agreement, all references to the Notes or a Note shall be deemed to include any and all Interest Notes.
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Interest Notes shall have the meaning set forth in Section 1.1.
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Interest Notes shall have the meaning set forth in paragraph 1A. --------------
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Examples of Interest Notes in a sentence

  • The Rate of Interest payable from time to time in respect of Floating Rate Notes and Index Linked Interest Notes will be determined in the manner specified in the applicable Final Terms.

  • The rate or amount of interest payable in respect of Dual Currency Interest Notes shall be determined in the manner specified in the applicable Final Terms.

  • The Principal Paying Agent, in the case of Floating Rate Notes, and the Calculation Agent, in the case of Index Linked Interest Notes, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period.

  • The Agent, in the case of Floating Rate Notes, and the Calculation Agent, in the case of Index Linked Interest Notes, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period.

  • In the case of Index Linked Interest Notes, the Calculation Agent will notify the Agent of the Rate of Interest for the relevant Interest Period as soon as practicable after calculating the same.

  • In the case of Index Linked Interest Notes, the Calculation Agent will notify the Principal Paying Agent of the Rate of Interest for the relevant Interest Period as soon as practicable after calculating the same.

  • The Rate of Interest payable from time to time in respect of Floating Rate Notes and Index Linked Interest Notes will be determined in the manner specified in the applicable Pricing Supplement.

  • The rate or amount of interest payable in respect of Dual Currency Interest Notes shall be determined in the manner specified in the applicable Pricing Supplement.

  • Any such amendment will be promptly notified to each stock exchange or other relevant authority on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed or by which they have been admitted to listing and to the Noteholders in accordance with Condition 14.

  • Amounts of interest payable in respect of Inflation Linked Interest Notes determined by reference to the applicable Rate of Interest shall be subject to adjustment in accordance with Condition 5.


More Definitions of Interest Notes

Interest Notes means interest notes issued by the Company, in the sole discretion of the holders of the Senior Subordinated Notes, in lieu of a cash payment of any or all interest due on the Senior Subordinated Notes for a specific period of time.
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Interest Notes has the meaning set forth in Section 3.1.2 of the Agreement.
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Interest Notes means the senior subordinated notes due 2015 to be issued in connection with the payment of interest on the Amended Notes and the New Notes in accordance with the terms set forth in the Second Supplemental Indenture.
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Interest Notes has the meaning set forth in Section 2.2(b).
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Interest Notes. (the "Junior Subordinated Notes") issued by the Company. The Capital Securities and the Common Securities will be issued pursuant to the amended and restated declaration of trust of the Trust, dated as of ____________, 2000 (the "Declaration"), among the Company, as Sponsor, Benjamin Ts. Moss, Xx. and Dennxx X. Xxxxxx (xxe "Regular Trustees") and Wilmington Trust Company, a Delaware banking corporation, as property trustee (the "Property Trustee" and together with the Regular Trustees, the "Trustees"), and the holders from time to time of undivided beneficial interests in the assets of the Trust. The Junior Subordinated Notes will be issued pursuant to an indenture, dated as of May 15, 1995 (the "Base Indenture"), between the Company and Bank One, National Association (formerly known as The First National Bank of Chicago), as trustee (the "Debt Trustee"), and a supplement to the Base Indenture, dated as of __________, 2000 (the "Supplemental Indenture" and together with the Base Indenture and any other amendments or supplements thereto, the "Indenture"), between the Company and the Debt Trustee. The Trust and the Company (together, the "Offerors") wish to confirm as follows their agreement with you and the other several Underwriters on whose behalf you are acting as representatives (the "Representatives") in connection with the several purchases of the Capital Securities by the Underwriters.
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Related to Interest Notes

  • Trust Notes As defined in the Introductory Statement.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • 2022 Notes means the Borrower’s 5.00% Convertible Senior Notes due 2022.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • Series D Notes is defined in Section 1.

  • Lost Notes The original Mortgage Notes that have been lost, as indicated on the Mortgage Loan Schedule.

  • Series A Notes is defined in Section 1.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • B Notes means each of Note B-1 and Note B-2.

  • 2018 Notes means the Company’s 7.75% Senior Subordinated Notes due 2018 issued under the Indenture dated December 14, 2010 among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • REMIC Certificate Maturity Date The "latest possible maturity date" of the Regular Certificates as that term is defined in Section 2.07.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • 2023 Notes means the 6 7/8% Notes due 2023 issued by NTL pursuant to the 1988 Indenture.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Series B Notes is defined in Section 1.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • Series C Notes is defined in Section 1.

  • Exchange Note Interest Rate has the meaning stated in Section 2.2(a)(vi) of the Exchange Note Supplement.