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.
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
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.
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 Collateral Debt Security rated "A1" or less by Moody's or "A+" or less by S&P where the Market Value thereof for any period of 60 consecutive Business Days equals or exceeds 85 per cent of the outstanding principal amount thereof) (each as certified by the Investment Manager to the Issuer, Trustee and Collateral Administrator).
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.
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