Exchangeable Debt definition

Exchangeable Debt means any indebtedness incurred outside the PRC which is in the form of or represented or evidenced by, bonds, notes, or other securities, and the terms of such indebtedness provide that the holders of such indebtedness shall have the right to exchange such indebtedness for shares of a company;
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Exchangeable Debt means the Indebtedness evidenced by the ----------------- 71/4% Exchangeable Subordinated Debentures Due 2003 issued by the Borrower in the original principal amount of $30,000,000.
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Examples of Exchangeable Debt in a sentence

  • Except for the Indebtedness for borrowed money and the accrued but unpaid interest owed thereon by LJR in the amounts and to the Persons set forth on Schedule 2.04 (the “LJR Exchangeable Debt”), all of which will be exchanged on a dollar for dollar basis at the Effective Time for the Pubco LJR Exchangeable Debt Notes, LJR has no Indebtedness for Borrowed Money.

  • Entergy shall determine in its sole discretion which outstanding corporate debt of Entergy is to be purchased in connection with the Purchased Exchangeable Debt.

  • As set forth in Article II, and at least fourteen (14) calendar days prior to the Separation Time, Entergy shall effectuate the Exchangeable Debt Financing.

  • Entergy shall use its reasonable best efforts to cause the TransCo Subs to arrange and obtain a one (1) year term funded bridge facility (the “TransCo Subs Financing” and, together with the Entergy Exchangeable Debt, the TransCo Securities Issuance, the Working Capital Facility and the Debt Exchange, the “Financings”).

  • The aggregate principal amount of Purchased Exchangeable Debt plus the New Exchangeable Debt shall not exceed the TransCo Securities Principal Amount.

  • The Exchangeable Securities IPO will be a primary offering of % Equity Security Units (the “Exchangeable Securities”) by Lazard Ltd and FinanceCo. The net proceeds of the Exchangeable Securities IPO (including from the exercise of any Exchangeable Securities Over-allotment Option) will be used by FinanceCo to purchase the Lazard Group Exchangeable Debt Securities.

  • After the Exchangeable Debt Financing, the TransCo Subs Financing and the Utility OpCo LLC Contributions, each Utility OpCo LLC shall distribute all of the equity interests of its respective TransCo Sub to Entergy (except that, with respect to Louisiana OpCo LLC, the distribution shall be to Entergy Louisiana Holdings, Inc.

  • The Company shall issue Pubco LJR Exchangeable Debt Notes in the amounts and to the Persons set forth on Schedule 2.04 (which Schedule 2.04 may, following the date hereof but prior to Closing, be amended by LJR) and such Pubco LJR Exchangeable Debt Notes shall include such terms and conditions as set forth in the definition of Pubco LJR Exchangeable Debt Notes.

  • Entergy and ITC shall jointly appoint the lead underwriter/placement agent with respect to the Exchangeable Debt Financing and the TransCo Securities.

  • The Exchangeable Securities IPO will be a primary offering of 6.625% Equity Security Units (the “Exchangeable Securities”) by Lazard Ltd and FinanceCo. The net proceeds of the Exchangeable Securities IPO (including from the exercise of any Exchangeable Securities Over-allotment Option) will be used by FinanceCo to purchase the Lazard Group Exchangeable Debt Securities.