Contingent Interest Notes definition

Contingent Interest Notes means those certain unsecured contingent interest notes maturing on June 30, 2006 issued by Piedmont Management Company Inc. ("Piedmont") on December 11, 1995 to its shareholders, the liabilities for which became liabilities of Parent as a result of the merger of Piedmont with and into Parent on December 13, 1995.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Contingent Interest Notes means the Contingent Interest Notes Due 2006 originally issued by Piedmont Management Company Inc. and in respect of which the Borrower is the obligor as of the Effective Date.

Contingent Interest Notes has the meaning ascribed thereto in the Cash Collateral and Disbursement Agreement.

Examples of Contingent Interest Notes in a sentence

• Assuming the conditions set forth in Section 3.1(d) of the Chartwell Disclosure Schedule are met, the Merger and the other transactions contemplated hereby will not constitute a "change of control" under the Contingent Interest Notes due June 30, 2006 or the Indenture dated as of December 1, 1995 (the "Contingent Interest Notes Indenture") between Chartwell, as the successor to Piedmont Management Company Inc.

• Trenwick shall have received the opinion of LeBoeuf, Lamb, ▇▇▇▇▇▇ & ▇▇▇▇▇▇, L.L.P., in the form set forth as Exhibit 6.2(g) hereto, to the effect that the Merger will not constitute a "change of control" as defined in the Contingent Interest Notes Indenture.

• Trenwick shall have received the opinion of LeBoeuf, Lamb, Gree▇▇ & ▇acR▇▇, ▇.L.P., in the form set forth as Exhibit 6.2(g) hereto, to the effect that the Merger will not constitute a "change of control" as defined in the Contingent Interest Notes Indenture.

• Each of the Contingent Interest Notes provides that contingent interest on such Contingent Interest Note shall be deferred, and shall not be paid, unless the Release Condition has been satisfied.

More Definitions of Contingent Interest Notes

Contingent Interest Notes means the Senior Subordinated PIK Notes, the Subordinated PIK Note and the L/C Note.