Escrow Notes definition

Escrow Notes means debt securities of an Escrow Subsidiary issued after the Second Amendment and Restatement Date (which may not be guaranteed or receive credit support from any Person other than an Escrow Subsidiary); provided that the net proceeds of such debt securities are deposited into an Escrow Account upon the issuance thereof.

Escrow Notes means Indebtedness consisting of debt securities issued by the Borrower or by an Escrow Notes Issuer, which debt securities (a) in the case of debt securities issued by an Escrow Notes Issuer, shall require the proceeds or substantially all the proceeds of such debt securities to be held as security for the repayment of such debt securities, or to be held in escrow, pending satisfaction or waiver of certain conditions set forth in the documentation governing such debt securities, (b) in the case of debt securities issued by an Escrow Notes Issuer, shall, other than Guarantees in respect of interest thereon, fees, and customary indemnities, provide recourse solely to the assets of such Escrow Notes Issuer and (c) shall be subject to mandatory redemption or prepayment if the conditions set forth in the documentation governing such debt securities are not satisfied by the date specified in such documentation; provided that in the case of debt securities issued by an Escrow Notes Issuer, upon satisfaction or waiver of such conditions, such Escrow Notes Issuer shall merge with and into the Borrower with the Borrower being the surviving corporation, and becoming the issuer under such debt securities, and such debt securities shall, after giving effect to such merger, constitute Permitted Unsecured Indebtedness which does not mature or require scheduled payments of principal prior to the date that is ninety (90) days after the Latest Maturity Date in effect at the time such Indebtedness is originally incurred as Escrow Notes; provided further that in the case of debt securities issued by the Borrower, upon satisfaction or waiver of such conditions, such debt securities shall constitute Permitted Unsecured Indebtedness which does not mature or require scheduled payments of principal prior to the date that is ninety (90) days after the Latest Maturity Date in effect at the time such Indebtedness is originally incurred as Escrow Notes; and provided further that, at the time such Escrow Notes are issued, a Financial Covenant Effectiveness Period is not in effect.

Escrow Notes means Convertible Notes with an aggregate principal amount of US$54,000,000;

Examples of Escrow Notes in a sentence

• Escrow Notes 6.75% due 12/28/2017†(3)71,0007Lehman Brothers Holdings, Inc.

• It is understood and agreed that upon the termination of the Notes Escrow Arrangements with respect to any series of Permitted Escrow Notes, such Indebtedness (to the extent not required to be repaid or redeemed upon such termination) shall continue to constitute Permitted Additional Debt if the conditions set forth in clause (I) of this definition are satisfied at the time of such termination.

• See "Certain Federal Income Tax Consequences of the Plan - Consequences to the Holders of Existing NTI Series B Common Stock" for further information regarding the tax treatment of the Tax Escrow Notes.

• Further, to the extent that Reorganized NWI is entitled to receive any Escrow Amount in excess of $80,810,000 (excluding tax distributions), the FCC is entitled to a Sharing Payment equal to 20% of the excess, thus reducing any potential Released Escrow Amount remaining for the benefit of holders of the Tax Escrow Notes.

• Accordingly, there can be no guarantee as to the amount, if any, to be paid to the holders of the Tax Escrow Notes, or the timing of any such payment.

More Definitions of Escrow Notes

Escrow Notes means debt securities of the Borrower (or, prior to consummation of the Socrates Acquisition, of an Escrow Issuer, if applicable) issued after the Eighth Amendment Effective Date; provided that the net proceeds of such debt securities are deposited into an Escrow Account upon the issuance thereof.

Escrow Notes means debt securities of the Borrower or an Escrow Issuer; provided that the net proceeds of such debt securities are deposited into an Escrow Account upon the issuance thereof.

Escrow Notes means the $500 million of 6.375% senior notes due 2026 by Purchaser’s wholly-owned subsidiary, Energizer Gamma Acquisition, Inc. and €650 million of 4.625% senior notes due 2026 by Purchaser’s indirect wholly-owned subsidiary, Energizer Gamma Acquisition B.V.

Escrow Notes has the meaning set forth in Section 2.6.

Escrow Notes means the Notes delivered to the Escrow Agent pursuant to Section 2.3.3 of the Stock Purchase Agreement

Escrow Notes means those certain 10.750% Senior Secured Notes of Xxxxxxxxxxxx Escrow in the aggregate principal amount of $400,000,000, issued in accordance with the terms of the Offering Memorandum.

Escrow Notes means (i) the Notes, (ii) $1,410,000,000 aggregate principal amount of 5.125% senior secured second lien notes due 2025 issued by the Escrow Issuer on the date hereof and (iii) $500,000,000 aggregate principal amount of 7.00% senior notes due 2025 issued by the Escrow Issuer on the date hereof.