Existing Subordinated Notes Sample Clauses
The 'Existing Subordinated Notes' clause defines the treatment and status of any subordinated notes that were issued prior to the current agreement. It typically outlines how these notes will be recognized, whether their terms will remain unchanged, and how they interact with new financial arrangements or obligations. For example, it may specify that the rights of holders of these notes remain subordinate to senior debt, or clarify their ranking in the event of liquidation. The core function of this clause is to ensure clarity and prevent disputes regarding the priority and treatment of previously issued subordinated debt in light of new contractual arrangements.
Existing Subordinated Notes. The 3.375% Convertible Senior Subordinated Notes due 2027 issued by BGI on March 12, 2007. Extending Lender. See §3.4(e).
Existing Subordinated Notes. No Existing Subordinated Notes are outstanding.
Existing Subordinated Notes. Cause the Existing Subordinated Notes to be redeemed in full on or prior to August 31, 1998 and notify the Administrative Agent of such redemption promptly following the occurrence thereof.
Existing Subordinated Notes. The 3.75% Convertible Senior Subordinated Notes due 2025 and (ii) the 3.375% Convertible Senior Subordinated Notes due 2027, in each case, issued by the Borrower on August 1, 2005 and March 12, 2007, respectively.
Existing Subordinated Notes. This Agreement, and all amendments, restatements, supplements, modifications, replacements, restructurings, increases, refinancings and refundings hereof, other than from issuances of equity or Indebtedness that is contractually subordinated to the Indebtedness hereunder, constitute the "Credit Agreement" within the meaning of the Existing Subordinated Note Documents (except to the extent that any such amendments, restatements, supplements, modifications, replacements, restructurings, increases, refinancings and refundings of or to this Agreement are prohibited by the Existing Subordinated Notes Indenture and not otherwise consented to by the majority of the holders of the Existing Subordinated Notes then outstanding). This Agreement, together with each of the other Loan Documents and all amendments, restatements, supplements, modifications, replacements, restructurings, increases, refinancings and refundings hereof and thereof, constitute "Senior Credit Documents" within the meaning of the applicable Existing Subordinated Note Documents (except to the extent that any such amendments, restatements, supplements, modifications, replacements, restructurings, increases, refinancings and refundings
Existing Subordinated Notes. The Borrower shall have accepted for purchase all validly tendered 95/8% Senior Subordinated Notes due August 1, 2007 and the supplemental indentures with respect to such notes shall have become operative.
Existing Subordinated Notes. The Administrative Agent shall be reasonably satisfied that the Existing Subordinated Notes will be redeemed in full on or prior to August 31, 1998, and the Borrower shall have deposited with the trustee under the Existing Subordinated Indenture an amount of cash or cash equivalents equal to the amount required to redeem the Existing Subordinated Notes in full on or prior to August 31, 1998.
Existing Subordinated Notes. The full amount of the Loans (excluding any undrawn or uncommitted Incremental Term Loans until such time as such Incremental Term Loans are so borrowed) may be incurred under the Existing Notes Indentures and all Obligations constitute “Senior Debt” or “Senior Indebtedness”, as applicable, and “Designated Senior Debt” or “Designated Senior Indebtedness”, as applicable, under and as defined in the Existing Subordinated Notes Indentures. After giving effect to the Refinancing, no other Indebtedness of any Group Member qualifies as “Designated Senior Debt” or “Designated Senior Indebtedness”, as applicable, under the Existing Subordinated Notes Indentures.
Existing Subordinated Notes. The 9⅝% Senior Subordinated Notes due August 1, 2007 that are to be called for redemption shall have been called for redemption by the Borrower and the proceeds necessary therefore shall have been deposited with the trustee with respect to such 9⅝% Senior Subordinated Notes.