Discounted Security definition

Discounted Security means any Security which provides for an amount (excluding any amounts attributable to accrued but unpaid interest thereon) less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02.

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Discounted Security means a Security where the amount of principal due upon acceleration is less than the stated principal amount.

Discounted Security. The term "Discounted Security" shall mean any Security which provides for an amount (excluding any amounts attributable to accrued but unpaid interest thereon) less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 7.01.

Examples of Discounted Security in a sentence

• In determining whether the Holders of the required principal amount of Securities have concurred in any direction, waiver or consent, the principal amount of a Discounted Security shall be the amount of principal that would be due as of the date of such determination if payment of the Security were accelerated on that date.

• If the Security is a Discounted Security, insert amount to be redeemed or method of calculating such amount.

• Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal (or, in the case of a Discounted Security, the portion thereby specified in the terms of such Security), premium, if any, and interest on the Security on or after the respective due dates expressed in the Security, or to bring suit for the enforcement of any such payment on or after such respective date, shall not be impaired or affected without the consent of the Holder.

• Unless the Securities Resolution establishing a series otherwise provides, the Company shall pay interest on overdue principal of a Security of a series at the rate (or Yield to Maturity in the case of a Discounted Security) borne by the series; it shall pay interest on overdue installments of interest at the same rate or Yield to Maturity to the extent lawful.

• Unless the Securities Resolution or supplemental indenture otherwise provides, the Company shall pay interest on overdue principal of a Security of a series at the rate (or Yield to Maturity in the case of a Discounted Security) borne by the series; it shall pay interest on overdue installments of interest at the same rate or Yield to Maturity to the extent lawful.

• Unless the Officers' Certificate or supplemental indenture establishing a series otherwise provides, the Company shall pay interest on overdue principal of a Security of a series at the rate (or Yield to Maturity in the case of a Discounted Security) borne by the series; it shall pay interest on overdue installments of interest at the same rate or Yield to Maturity to the extent lawful.

• YIELD TO MATURITY: The term "Yield to Maturity", when used with respect to any Discounted Security shall mean the yield to maturity, if any, set forth in the Prospectus relating thereto, which shall be equal to the yield to maturity, if any, set forth on the face of such Security.

More Definitions of Discounted Security

Discounted Security. The term "

Discounted Security means a Security where the amount of principal due upon acceleration is less than the stated principal amount of such Security.

Discounted Security means any Collateral Debt Security acquired by or on behalf of the Issuer for a purchase price (excluding accrued interest thereon) of less than 92 per cent. (or, in the case of a Collateral Debt Security rated "A1" or less by Moody's or "A+" or less by S&P, less than 75 per cent.) of the outstanding principal amount of such Collateral Debt Security, provided that such Collateral Debt Security shall cease to be a Discounted Security where the Market Value thereof for any period of 60 consecutive Business Days equals or exceeds 95 per cent. of the outstanding principal amount of such Collateral Debt Security (or, in the case of a

Discounted Security means any Security that provides for an amount (excluding any amounts attributable to accrued but unpaid interest) less than its principal amount to be due and

Discounted Security means a Security where the amount of principal due upon acceleration is less than the stated principal amount. “Holder” or “Securityholder” means the person in whose name a Security is registered as to principal and interest by the Registrar. “Indenture” means this Indenture and any Securities Resolution as amended or supplemented from time to time.