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.
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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.
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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.
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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.
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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."
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Related to Discounted Notes

  • Offer to Prepay Notes The offer to prepay Notes contemplated by subparagraphs (a) and (b) of this Section 8.7 shall be an offer to prepay, in accordance with and subject to this Section 8.7, all, but not less than all, the Notes held by each holder (in this case only, “holder” in respect of any Note registered in the name of a nominee for a disclosed beneficial owner shall mean such beneficial owner) on a date specified in such offer (the “Proposed Prepayment Date”). If such Proposed Prepayment Date is in connection with an offer contemplated by subparagraph (a) of this Section 8.7, such date shall be not less than 20 days and not more than 30 days after the date of such offer (if the Proposed Prepayment Date shall not be specified in such offer, the Proposed Prepayment Date shall be the 20th day after the date of such offer).

  • Initial Notes On the Issue Date, there will be originally issued four hundred million dollars ($400,000,000) aggregate principal amount of Notes, subject to the provisions of this Indenture (including Section 2.02). Notes issued pursuant to this Section 2.03(A), and any Notes issued in exchange therefor or in substitution thereof, are referred to in this Indenture as the “Initial Notes.”

  • New Notes For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”) shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes (“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of the Note or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing a Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the Amended Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes prior to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder holding the New Notes shall notify each other Holder, as applicable, and, if any other Note has been included in a securitization, the parties under each applicable PSA, in writing (which may be by email) of such modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders for the purpose of reflecting such reallocation of principal or such severing of a Note, (2) if a Note is severed into “component” notes, such component notes shall each have their same rights as the respective original Note, (3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New Notes and (4) if Note A-1 is severed into “component” notes, another note (or one of the New Notes) may be substituted for Note A-1 in the definition of “Designated Holder” and “Directing Holder” and the definitions of “Lead Note” and “Lead Securitization” and “Non-Directing Holder” will be revised accordingly. Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this Agreement required to facilitate the terms of this Section 18(a). The Resizing Holder whose Note is being reallocated or split pursuant to this Section 18(a) shall reimburse the other Holders for all costs and expenses incurred by the other Holders in connection with the reallocation or split.

  • Special Notes Recommended Clinician: Meet & Greet date and time: Date and time requested: Rate:

  • Discount Notes If this Note is specified on the face hereof as a “Discount Note”: