FUTURE NOTES definition

FUTURE NOTES means a series of notes issued by the Company after the date hereof, which are secured in whole or in part by the Transferor Certificate.
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FUTURE NOTES. As negotiated between the Company and the Future Note Purchaser(s), but in any event no later than fifteen (15) business days following the date of agreement, between the Company and the respective Future Note Purchaser(s), as to the Final Maturity and Average Life and Interest Coupon on the series of Future Notes to be issued by the Company.
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FUTURE NOTES. To be determined based on the Final Maturity and Average Life for each series of Future Notes. OPTIONAL PREPAYMENT The Company may, at any time, prepay all or a portion of any series of Notes outstanding for a price determined by discounting the remaining mandatory principal and interest payments due on the Notes at a discount rate equal to the lesser of: (i) the Interest Coupon on the series of Notes to be prepaid; or (ii) the sum of 0.50% plus the yield on the U.S. Treasury note having a remaining term to maturity which most closely approximates the then-remaining average life of the series of Notes to be prepaid. Provided that there is no Default or Event of Default that has occurred and is continuing, the Company shall have the right to prepay any series of Notes issued under this Program without requiring pro-rata prepayment on all series of the Notes. CONTRIBUTION AGREEMENT EXECUTION COPY DATED JUNE 15, 2000 82 CONTROL EVENT PREPAYMENT Upon the occurrence of a Control Event, each Note Purchaser shall have the right, but not the obligation, to request a prepayment of that Note Purchaser's Notes. In the event of such election, then the prepayment amount shall be equal to the sum of: (i) the principal amount of the Notes being prepaid; (ii) accrued but unpaid interest to the date set for such prepayment; and (iii) a premium of one percent (1.00%) of the principal amount of the Notes being prepaid. DOCUMENTATION Sale of the Series A Notes and each series of Future Notes shall be made pursuant to a Master Note Agreement (the "Agreement"), which will contain standard representations and warranties typically found in agreements evidencing Indebtedness similar to the Notes. Each series of Future Notes shall also require that the Company (i) re-affirm its compliance with all covenants, representations and terms of the Agreement and (ii) provide opinions of counsel and other appropriate documentation reflecting authorization to issue the Future Notes. FINANCIAL COVENANTS Financial covenants shall be applied to the Company and its Subsidiaries on a consolidated basis in accordance with U.S. generally accepted accounting principles ("GAAP"). References to specific clauses of Financial Covenants presented below are strictly for purposes of this Summary of Certain Terms and Conditions and should not be construed to be references to specific clauses of the Negative Covenants or Affirmative Covenants incorporated into the Agreement, unless otherwise noted. Financial...
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Examples of FUTURE NOTES in a sentence

  • THE LOANS CONTEMPLATED BY THIS AGREEMENT SHALL BE CROSS-DEFAULTED WITH ALL OTHER EXISTING AND FUTURE NOTES AND OTHER LOAN DOCUMENTS FROM BORROWER TO ANY LENDER (COLLECTIVELY, THE “ADDITIONAL LOAN DOCUMENTS”), WHEREBY (a) AN EVENT OF DEFAULT UNDER ANY OF THE ADDITIONAL LOAN DOCUMENTS SHALL BE DEEMED AN EVENT OF DEFAULT UNDER THIS AGREEMENT AND ALL LOAN DOCUMENTS, AND (b) AN EVENT OF DEFAULT UNDER THIS AGREEMENT OR ANY LOAN DOCUMENTS SHALL BE DEEMED AN EVENT OF DEFAULT UNDER ALL ADDITIONAL LOAN DOCUMENTS.

  • FUTURE NOTES: Chapter 5 (from file Manual draft4) Discuss convention and correspondence with example.


More Definitions of FUTURE NOTES

FUTURE NOTES include, in the case of Future Notes issued pursuant to an exemption from the registration requirements of the Securities Act, any Notes issued in exchange for such Future Notes pursuant to a registered exchange offer under the Securities Act (the "EXCHANGE NOTES").
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FUTURE NOTES is defined in the Recitals.
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Related to FUTURE NOTES

  • Indenture Notes means the Notes.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • Notes shall have the meaning assigned to such term in the recitals.

  • Convertible Notes has the meaning set forth in the Recitals.

  • Trust Notes As defined in the Introductory Statement.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Subordinate Notes means the B Notes and the C Notes, individually or collectively, as the context may require.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • New Secured Notes means the $550 million of first lien secured notes to be issued by New Valaris Holdco comprising (i) the Rights Offering New Secured Notes to be issued in the Rights Offering on the terms set forth in the New Secured Notes Term Sheet attached as Exhibit 2 to the Restructuring Term Sheet and the Rights Offering Procedures, (ii) the Holdback Notes to be issued on the terms set forth in the Backstop Agreement,

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • Pari Passu Securities means any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, on parity with the Designated Preferred Stock as to distribution of assets upon liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • B Notes means each of Note B-1 and Note B-2.

  • Guidance notes This clause means what it says – provisions in the ITT and post-tender correspondence will all fall away and the completed contract document with Schedules comprises the entire agreement. It is therefore incumbent on buyers to copy the relevant provisions of the ITT and incorporate the relevant provisions of post-tender correspondence in the Schedules (see the guidance notes to each Schedule). The entire agreement approach avoids the need to refer back to the ITT and other extraneous documents and also has the advantage of allowing all relevant material to be incorporated together in one agreement signed under the Requirements of Writing (Scotland) Xxx 0000. When advisers come to look at the contract in future they can be certain that they are seeing the full picture in one document. The entire agreement document should be complete and ready to be signed before commencing the standstill period – if it cannot be pulled together then it is difficult to see how the contract is ready to be awarded.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Fundserv Notes means Notes purchased through Fundserv.