AHYDO Payment definition

AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

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AHYDO Payment means any payment required to be made under the terms of Indebtedness in order to avoid the application of Section 163(e)(5) of the Code to such Indebtedness.

AHYDO Payment means any payment required to be made under the terms of Indebtedness in order to avoid the application of Section 163(e)(5) of the Internal Revenue Code to such Indebtedness.

Examples of AHYDO Payment in a sentence

• No payment pursuant to any other provisions of the Indenture will alter the Company’s obligation to make any such payment with respect to any Notes that remain outstanding on the AHYDO Payment Date.

• For the avoidance of doubt, this Section 7.05 will not restrict the making of any AHYDO Payment with respect to, and required by the terms of, any Indebtedness of the Borrower or any Restricted Subsidiary permitted to be incurred under this Agreement.

• No partial payments, redemptions or repurchases of the Securities prior to an AHYDO Payment Date pursuant to any other provision of this Indenture or the Securities will alter the Company’s obligation to make the Mandatory Principal Payment with respect to the Securities that remain outstanding on an AHYDO Payment Date.

• The “Mandatory Principal Payment Amount” means the portion of the Securities’ principal required to be paid as of each AHYDO Payment Date to prevent the Securities from being treated as an AHYDO within the meaning of Section 163(i)(1) of the Code.

• For purposes of the foregoing, “AHYDO Amount” means, as of each AHYDO Payment Date, the amount sufficient to ensure that the Notes will not be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code.

More Definitions of AHYDO Payment

AHYDO Payment means any payment required to be made pursuant to the terms of any Subordinated Debt instrument after the fifth anniversary of the issuance thereof that is intended to avoid such Subordinated Debt instrument being classified as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Internal Revenue Code.

AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness, in an amount not to exceed the minimum amount necessary to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Code Section 163(i).

AHYDO Payment means a payment in respect of Indebtedness in an amount sufficient to ensure that such Indebtedness will not be an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code.

AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Code Section 163(i);

AHYDO Payment means any payment with respect to any Indebtedness that is required by the terms of such Indebtedness to be paid on the last day of any accrual period that ends after the fifth anniversary of the date of incurrence thereof to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163 of the Code.

AHYDO Payment means any payment with respect to the Subordinated Obligations if and to the extent necessary to avoid the application of Section 163(e)(5) of the Internal Revenue Code thereto.

AHYDO Payment means the minimum amount of a cash payment required to be made by any Borrower with respect to any accrual period after the fifth anniversary of the issue date of Borrower’s debt instrument necessary to prevent such debt instrument from being an “applicable high yield discount obligation” within the meaning of IRC Sections 163(e)(5) and 163(i).