Holdings Debentures definition

Holdings Debentures means those certain 13 1/4% Senior Discount Debentures due 2005 issued by Ivex Packaging Corporation f/k/a Ivex Holdings Corporation as of March 8, 1993, as amended through the Closing Date and as further amended, restated, substituted or replaced from time to time in accordance with the terms of this Credit Agreement.
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Holdings Debentures shall have the meaning provided in Section 5.06(a)(i).
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Holdings Debentures means the 11 5/8% Senior Discount Debentures due 2009 of Holdings and Holdings Capital.
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Examples of Holdings Debentures in a sentence

  • Soon after the slit-off and share exchanges, the Holdings Debentures will be converted into common and preferred shares in Venus, PASA, AG, Sayed, EDSP75 and LF.

  • The holders of the Subordinated Notes or the holders of the Holdings Debentures assert in a legal proceeding (or any Governmental Authority with applicable jurisdiction determines) that the Lenders are not either (i) holders of Senior Indebtedness (as defined in the Subordinated Notes) or (ii) holders of Senior Obligations (as defined in the Holdings Debentures), as applicable.

  • Holdings may not have any liabilities other than the liabilities under the Credit Documents, the Holdings Debentures and tax liabilities and other liabilities in the ordinary course of business.

  • To the extent not previously received by the Administrative Agent, copies of all documentation evidencing the Subordinated Debt certified by an officer of the Borrower and Holdings, as applicable, to be true and correct, and the Administrative Agent shall be satisfied that the execution and delivery of the Credit Documents does not conflict with the terms of the Holdings Debentures or the Subordinated Notes.

  • Notwithstanding the foregoing, Holdings may refinance the Holdings Discount Debentures upon terms no less favorable to the Lenders than the terms set forth in the Holdings Debentures Indenture on the Closing Date so long as any Indebtedness incurred by Holdings to refinance the Holdings Discount Debentures has no scheduled principal payments prior to the final maturity of the Loans hereunder and requires no cash payments of interest prior to August 15, 2003.

  • Old Holdings also carried, as of April 9, 1996, $86.0 million aggregate principal amount of 15% Senior Debentures Due 2004 (the "Old Holdings Debentures"), approximately 87% of which were owned by The Equitable Life Assurance Society of the United States and certain of its affiliates and 13% of which were owned by First Plaza Group Trust (the "Former Holding Company Debenture Holders").

  • Other than the repurchase of the Subordinated Notes and the Holdings Debentures in accordance with the terms of this Credit Agreement, no proceeds of the Loans hereunder have been or will be used to acquire, directly or indirectly, any security in any transaction which is subject to Sections 13 or 14(d) of the Securities Exchange Act of 1934, as amended, or to refinance any Indebtedness used to acquire any such securities.

  • As of the Initial Borrowing Date, (i) the Senior Subordinated Notes have been duly authorized, issued and delivered in accordance with applicable law and the Senior Subordinated Note Documents, and (ii) the Holdings Debentures have been duly authorized, issued and delivered in accordance with applicable law and the Holdings Debenture Documents.

  • Such foreclosure resulted in the satisfaction and cancellation of the Old Holdings Debentures.

  • To the extent not previously received by the Agent, copies of all documentation evidencing the Subordinated Debt certified by an officer of the Borrower and Holdings, as applicable, to be true and correct, and the Agent shall be satisfied that the execution and delivery of the Credit Documents does not conflict with the terms of the Holdings Debentures or the Subordinated Notes.


More Definitions of Holdings Debentures

Holdings Debentures means the 13 1/8% Senior Discount Debentures due 2009 of Holdings.
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Holdings Debentures as defined in Section 5.1(b)(ii).
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Related to Holdings Debentures

  • Other Debentures means all junior subordinated debentures issued by the Guarantor from time to time and sold to trusts to be established by the Guarantor (if any), in each case similar to the Issuer.

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • 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.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

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

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • 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.

  • Other Notes means Notes nearly identical to this Note issued to other Holders pursuant to the Purchase Agreement.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

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

  • Debenture Indenture means the Indenture, dated as of December 1, 1989, between United Parcel Service of America, Inc. and Chemical Bank pursuant to which the 8-3/8% Debentures Due April 1, 2020 were issued, as in effect on the date of this Agreement (without giving effect to any amendment, supplement or other modification thereto, any repayment or covenant defeasance thereunder or any termination thereof), a copy of which is attached as Exhibit F hereto.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.

  • Convertible Note Indenture means the Indenture dated as of February 21, 2014 between Emergent and the Convertible Note Trustee pursuant to which the Convertible Notes were issued.

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • 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.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Senior Note Indentures means, collectively, the Senior Note (2020) Indenture, the Senior Note (2021) Indenture, the Senior Note (2022) Indenture and the Senior Note (2023) Indenture.