Holdings Discount Notes definition

Holdings Discount Notes the 11% Senior Discount Notes of Holdings due 2013 and issued pursuant to the Holdings Discount Notes Indenture.
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Holdings Discount Notes means discount notes of Holdings (a) that are issued on a single date that is after the Effective Date, (b) with an initial aggregate accreted value of up to $25,000,000, (c) with respect to which no cash interest shall be payable until the fifth anniversary of issuance and cash interest shall be payable semi-annually after such fifth anniversary, (d) that mature no earlier than the tenth anniversary of issuance and do not require any amortization or other required redemption or repayment prior to maturity (other than redemption on the fifth anniversary of issuance of a portion of such discount notes not exceeding the Holdings Discount Notes Redemption Amount at a redemption price of 100% of the principal amount so redeemed), (e) that are not Guaranteed by the Borrower or any Subsidiary, (f) the Net Proceeds of the issuance of which are contributed as common equity to the Borrower and (g) that have such other terms and conditions (including with respect to covenants and events of default) that (i) are customary for high-yield discount notes issued by holding companies and (ii) are approved by the Administrative Agent.
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Holdings Discount Notes means Holdings' 10-3/4% Senior Discount Notes due 2009 issued pursuant to the Holdings Discount Note Indenture and any notes issued by Holdings and CapCo II in exchange for, and as contemplated by, the Holdings Discount Notes with substantially identical terms as the Holdings Discount Notes.
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Examples of Holdings Discount Notes in a sentence

  • Notwithstanding the foregoing, Holdings may refinance the Holdings Discount Notes to the extent permitted by Sections 7.2 and 7.8.

  • Notwithstanding the foregoing, Holdings may refinance the Holdings Discount Notes to the extent permitted by Sections 7.2 and 7.9.

  • Thereafter, cash interest on the Holdings Discount Notes is payable semiannually at a fixed rate of 9.5% per annum.

  • The Aggregate Initial Accreted Value will reflect a discount from the aggregate stated principal amount of the Intermediate Holdings Discount Notes at maturity, and the Original Discount Notes will accrete in value from Aggregate Initial Accreted Value until June 30, 2003 at a rate per annum of 13 1/2%, compounded semiannually, to an aggregate principal amount at June 30, 2003 of $66,809,539.40.

  • Total benefits amounted to NRs177 million, which was received only after the fourth year in comparison to after the second year at appraisal.

  • The Administrative Agent shall notify each of the US Borrower and Holdings promptly of its satisfaction with the forms of the New Holdings Discount Notes Documents as provided in clause (c) of the foregoing sentence.

  • All of the Existing PM Holdings Discount Notes shall have been tendered and, upon funding of the Senior Subordinated Notes, all funds necessary to redeem the Existing PM Holdings Discount Notes (and to pay all accrued interest thereon) shall have been received by the Company.

  • However, interest accrues on the Holdings Discount Notes in the form of an increase in the accreted value of such notes such that the accreted value of the Holdings Discount Notes will equal the principal amount at maturity of $257 million on December 15, 2009.Thereafter, cash interest on the Holdings Discount Notes is payable semi-annually at a fixed rate of 9.5% per annum with the initial cash interest payment payable on June 15, 2010.

  • The Lenders agree that the Net Cash Proceeds of the issuance of the 2002 Holdings Discount Notes shall not be subject to any Lien created by the Security Documents or any right of setoff.

  • Senior Subordinated Notes and $236 million of Holdings Discount Notes.


More Definitions of Holdings Discount Notes

Holdings Discount Notes. Holdings's 10% Discount Notes due 2008 issued on the Closing Date in accordance with subsection 5.1(x) (and shall include any substantially identical deferred interest senior unsecured notes of Holdings in the same aggregate principal amount issued after the Closing Date in exchange therefor pursuant to a registered exchange offer or shelf registration statement in accordance with the Holdings Discount Notes Indenture.)
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Holdings Discount Notes means that certain 13% Senior Subordinated Note due February 28, 2011 issued by Holdings to BFG on the Effective Date.
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Holdings Discount Notes means the $153,400,000 in aggregate principal amount at maturity of 13 1/2% senior secured discount notes due 2007 of Holdings issued pursuant to the Holdings Discount Note Indenture for gross proceeds of approximately $80,000,000.
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Holdings Discount Notes means Holdings' $338.4 million 9 1/4% Senior Discount Notes due 2015, as in effect on the Closing Date and as the same may be exchanged, modified, supplemented, restate and/or amended from time to time in accordance with the terms hereof and thereof.
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Related to Holdings Discount Notes

  • Senior Discount Notes means the Company's 10 1/2% Senior Discount Notes --------------------- due March 1, 2007.

  • Discount Notes means the Senior Discount Notes issued by Coaxial LLC and Coaxial Financing Corp., a Delaware corporation, concurrently with the Closing (as defined in the Contribution Agreement).

  • Discount Note means any Note that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

  • 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.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Specified Discount Prepayment Response means the irrevocable written response by each Lender, substantially in the form of Exhibit J, to a Specified Discount Prepayment Notice.

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Borrower Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Loans at a specified range of discounts to par pursuant to Section 2.05(1)(e)(C).

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Borrower Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Loans at a discount to par pursuant to Section 2.05(1)(e)(D).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit M.

  • Fundserv Notes means Notes purchased through Fundserv.

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • Original Issue Discount Note means a Note which has a stated redemption price at the Stated Maturity Date that exceeds its Issue Price by more than a specified de minimis amount and which the Supplement indicates will be an “Original Issue Discount Note”.

  • Borrower Offer of Specified Discount Prepayment means the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to Section 2.11(a)(ii)(B).

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Principal Debt means, at any time, the unpaid principal balance of all Borrowings.

  • Note 3 Any WCMTOA member may change the shift for which it has chosen to offer Off-Peak Hour operations or not to offer Off-Peak Hour operations on not less than fourteen (14) days’ notice to the public. Note 4: Notwithstanding anything to the contrary in this Rule 5, the number and schedule of Off-Peak Hours gates may be adjusted from time to time without prior notice based on labor availability (including shutdowns for monthly labor meetings), holidays, service quality, terminal operator costs, economic and market conditions, and the volume Off-Peak Hour cargo. The members, based on their experience under the program described above, including an assessment of the volume of cargo moving during Off-Peak Hours, reserve the right, in their discretion, to increase or decrease the number of Off-Peak Hours gates at any time.

  • 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.