2020 Notes Clause Samples
The "2020 Notes" clause defines and governs the terms related to a specific series of debt securities issued in the year 2020. It typically outlines key details such as the principal amount, interest rate, maturity date, and any special rights or obligations associated with these notes. For example, it may specify payment schedules, conversion rights, or redemption provisions unique to the 2020 issuance. The core function of this clause is to clearly identify and regulate the contractual obligations and rights pertaining to the 2020 Notes, ensuring all parties understand the specific terms that apply to this tranche of securities.
2020 Notes. Effective immediately upon the Bankruptcy Court’s entry of a final order confirming the Plan of Reorganization, IHC hereby waives its right under Section 6.5(c) of the CCOH Master Agreement to consent to CCOH’s and its Subsidiaries’ ability to replace or refinance the Series A and Series B Senior Subordinated Notes due 2020 issued by Clear Channel Worldwide Holdings, Inc.
2020 Notes. Prior to May 7, 2020 (the scheduled maturity date for the 2020 Notes), the Company may, at its option, redeem the 2020 Notes, in whole at any time or in part from time to time, at the redemption price described under the caption “Description of Notes— Optional Redemption” in the Pricing Prospectus.
2020 Notes. The Company, Wynn Las Vegas Capital Corp., a Nevada corporation (together with the Company, the “Issuers”), U.S. Bank National Association, in its capacity as indenture trustee, and certain other signatories thereto have entered into that certain Indenture (as the same may be amended, amended and restated, supplemented or otherwise modified from time to time, the “2020 Notes Indenture”), dated as of the date hereof, pertaining to the 7 7/8% First Mortgage Notes due 2020 issued by the Issuers in the aggregate principal amount of $382,010,000 (together with any other notes issued from time to time under the 2020 Notes Indenture, the “2020 Notes”), which 2020 Notes Indenture constitutes a “Permitted Additional Senior Secured Debt Agreement” under the Intercreditor Agreement.
2020 Notes. Permit or give rise to any Indebtedness or obligation that will require the granting of a security interest, lien or other encumbrance to holders of the 2020 Notes.
2020 Notes iHeartCommunications waived its right under Section 6.5(c) of the CCOH Master Agreement to consent to CCOH’s and its Subsidiaries’ ability to replace or refinance the Series A and Series B Senior Subordinated Notes due 2020 issued by Clear Channel Worldwide Holdings, Inc.
2020 Notes. Claims On the Effective Date, each holder of an allowed 2020 Notes claim shall receive, in full satisfaction of such claim, such holder’s pro rata share of 100% of the “Class B” units (the “New Class B Units”). Eddystone Claims On the Effective Date, each holder of an allowed claim on account of the E.D. Pa. Action shall receive, in full satisfaction of such claim, at the option of the Company subject to the consent of the Required Consenting Noteholders: (a) reinstatement of such claim in accordance with section 1124 of the Bankruptcy Code or (b) other treatment rendering such claim unimpaired.
2020 Notes. At any time and from time to time before October 15, 2020 (the "2020 Notes Par Call Date"), the 2020 Notes will be redeemable, in the Company's sole discretion, in whole or in part, in principal amounts of $2,000 or any integral multiple of $1,000 in excess thereof for an amount equal to the greater of:
2020 Notes. January 1 and July 1 2021 Notes: March 1 and September 1 2024 Notes: May 1 and November 1 † For Additional Notes, insert the appropriate Interest Payment Date for those Additional Notes. * Not to be included for Exchange Notes. ‡ For Additional Notes, insert the appropriate Interest Payment Date for those Additional Notes. ** For Exchange Notes Indenture pursuant to which this Note is issued provides that an unlimited amount of Additional Notes may be issued thereunder, subject to compliance with the covenants therein.
2020 Notes. Substantially concurrently with the Closing Date, the Company shall have satisfied and discharged the 2020 Indenture in accordance with its terms.