Deep Discount Bonds definition
Deep Discount Bonds means the deep discount bonds issued by Solvecorp pursuant to the DDB Instrument in favour of (i) Bladeland Investments (Scotland) LP with an aggregate subscription price of £119,400,000, (ii) funds managed or advised by Cinven and PAI with an aggregate subscription price of £238,800,000 and (iii) Deutsche Bank AG with an aggregate subscription price of £41,790,000 or such replacement deep discount bonds as may be issued by Solvecorp in the agreed terms and subject to conditions satisfactory to the Agent (acting on the instructions of the Majority Lenders);
Examples of Deep Discount Bonds in a sentence
No Obligor will, and each Obligor will procure that none of its Subsidiaries will, make any repayment of principal of, or payment of interest on, or any other payment with respect to the Deep Discount Bonds or the Nabisco Discounted Notes or the Bonds or any replacement securities issued as permitted under Clause 22.6(p) (Issue of Bonds) save as permitted by the Intercreditor Deed or Clause 22.6(p) (Issue of Bonds).