Discounted Notes Clause Samples
The "Discounted Notes" clause defines the terms under which debt instruments are issued or sold at a price lower than their face value. In practice, this means that investors purchase the notes for less than the amount they will be repaid at maturity, with the difference representing the interest earned. This clause typically outlines the calculation of the discount, the maturity date, and any conditions for repayment. Its core function is to provide a clear framework for issuing debt at a discount, which can help issuers raise funds efficiently while offering investors a predictable return.
Discounted Notes. The market value of Notes issued at a substantial discount to their principal amount will tend to be more volatile than comparable securities issued at par. Generally, the longer the remaining term of discounted Notes, the greater the relative price volatility.
Discounted Notes. In the event Mitel Barbados receives any payments on redemption of any Discounted Note, Company shall ensure that Mitel Barbados applies the total amount of such payments (net of costs and applicable taxes) to either (i) subscribe for additional Discounted Notes within 24 hours of such repayment or (ii) make a dividend payment to Company within two Business Days of such receipt; it being understood that such net payments may be applied under clauses (i) and (ii) in such proportions as Mitel Barbados may determine.
Discounted Notes. From time to time, Seaport Global may identify an opportunity for ▇▇▇▇▇▇▇▇ to purchase Discounted Notes. Upon becoming aware of such opportunity, ▇▇▇▇▇▇▇▇ will advise Seaport Global if it desires to purchase such Discounted Notes with the use of Gap Financing and, if so, the amount of Gap Financing that it will require from Seaport Global in order to effectuate the purchase of such Discounted Notes. Seaport Global will then advise ▇▇▇▇▇▇▇▇ of whether or not it is willing to provide the necessary amount of Gap Financing. If agreed to by Seaport Global, the amount of any agreed upon Gap Financing will be advanced in cash by Seaport Global at the time of the repurchase of the related Discounted Notes.
Discounted Notes. From time to time, Seaport Global may identify an opportunity for ▇▇▇▇▇▇▇▇ to purchase Discounted Notes. Upon becoming aware of such opportunity, ▇▇▇▇▇▇▇▇ will advise Seaport Global if it desires to purchase such Discounted Notes with the use of Gap Financing and, if so, the amount of Gap Financing that it will require from Seaport Global in order to do so. Seaport Global will then advise ▇▇▇▇▇▇▇▇ of whether or not it is willing to provide the necessary amount of Gap Financing.
Discounted Notes. In the event Mitel Barbados receives any payments on redemption of any Discounted Note, Company shall ensure that Mitel Barbados applies the total amount of such payments (net of costs and applicable taxes) to either (i) subscribe for additional Discounted Notes within 24 hours of such repayment, (ii) make a dividend payment to Company within two Business Days of such receipt or (iii) make an intercompany loan to another Subsidiary Guarantor in accordance with the provisions of subsection 7.1(iv) within two Business days of such receipt; it being understood that such net payments may be applied under clauses (i), (ii) and (iii) in such proportions as Mitel Barbados may determine."