Holdings PIK Notes definition

Holdings PIK Notes means Holdings’ $2,427.1 million 11 1/2%/12 1/2% Senior PIK Election Notes due 2017.
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Holdings PIK Notes means Holdings’ $2,427.1 million 11 1/2%/12 1/2% Senior PIK Election Notes due 2017. “Holdings Senior Notes” shall mean Holdings’ $2,805.0 million 11 1/4% Senior Notes due 2017.
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Holdings PIK Notes means the 16% Senior Unsecured Notes dueOctober 26, 2018, issued pursuant to the Holdings Note Purchase Agreement.
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Examples of Holdings PIK Notes in a sentence

  • As of January 31, 2016, the outstanding amount on the Holdings PIK Notes is approximately $8.3 million.

  • Law Debenture serves as administrative agent for the Holdings PIK Notes.

  • In particular, it was argued that without the acquisition by Lactalis, the farmers who previously supplied cows' milk to Lubborn but had not been paid by DFoB would have found other outlets for their milk, or that they would have gone out of business, leaving Lubborn without cows' milk for the production of cheese.

  • The Holdings PIK Notes On October 26, 2012, Holdings issued $5 million in 16% Senior Unsecured Notes due October 26, 2018 (“Holdings PIK Notes”) under a Note Purchase Agreement, among Holdings and the purchasers signatory thereto, in connection with the Company’s acquisition of Sena Brands.

  • The Holdings PIK Notes are held by the equity holders in the parent company and senior management.

  • Ultimately, because the value of the Transaction Consideration was significantly less than the outstanding amount of the Holdings PIK Notes Claims, there are not projected to be any distributable assets for the holders of general unsecured claims of Parent, including the Parent PIK Claims.

  • By voting on the Plan, you are certifying that you are the beneficial owner of the Holdings PIK Notes as of the Record Date being voted or an authorized signatory for the beneficial owner.

  • The Holdings PIK Notes are held by the equity holders in the parent company and former members of senior management.

  • Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired (other than in connection with the Senior Subordinated Notes, the Holdings Notes and the Holdings PIK Notes).

  • In June 2005, using proceeds from Parent’s initial common stock offering and cash received through a dividend from the Company of approximately $57 million, Holdings redeemed all of the Holdings Floating Rate Notes, all of the Holdings PIK Notes, and 35% of the aggregate outstanding principal at maturity of Holdings Discount Notes.The Holdings Discount Notes were issued at a discount and have an initial accreted value of $630.02 per $1,000 principal amount at maturity.


More Definitions of Holdings PIK Notes

Holdings PIK Notes means the 11.45% Senior Pay-in-Kind Notes due 2007 issued by Holdings.
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Holdings PIK Notes means up to $20.0 million in aggregate principal amount of Holdings' 12% pay-in-kind notes due 2009 plus any additional pay-in-kind notes issued in respect of interest thereon in accordance with the terms thereof.
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Holdings PIK Notes means Indebtedness of Holdings evidenced by pay-in-kind subordinated promissory notes issued (I) in exchange for Senior Subordinated Notes in connection with the Minimum Senior Subordinated Notes Exchange Transaction, the Maximum Senior Subordinated Notes Exchange Transaction or an Alternative Senior Subordinated Notes Exchange Transaction and (II) to pay in kind regularly accruing interest on any such theretofore outstanding subordinated promissory notes, which Indebtedness (i) shall provide that the interest rate applicable thereto does not exceed 12.0% per annum, of which no more than 1.0% shall be paid in cash, with the remaining portion of such interest to be payable solely in kind, (ii) shall not mature prior to the seventh anniversary of the date of the consummation of the Exchange Transaction, (iii) has a weighted average life to maturity greater than or equal to the weighted average life to maturity of the Senior Subordinated Notes, (iv) does not (x) in the case of Indebtedness referred to in clause (I) above, increase the amount of Indebtedness outstanding immediately prior to such issuance and exchange or (y) provide for any guarantors or security, (v) has substantially the same (or, from the perspective of the Banks, more favorable) subordination provisions, if any, as applied to the Senior Subordinated Notes, provided that, in any event, such subordination shall prohibit the payment of any such Indebtedness (and cash interest obligations with respect thereto) upon the occurrence of a Default or an Event of Default and contain a complete suspension of remedies at all times Obligations are outstanding, (vi) has no negative covenants or mandatory prepayment provisions, other than a "change of control" put on terms no less favorable to Holdings and its Subsidiaries than that previously existing with respect to the Senior Subordinated Notes, (vii) has terms and conditions (including, without limitation, with respect to the amortization, redemption provisions, defaults and remedies), that are not, taken as a whole, less favorable in any material respect to Holdings and its Subsidiaries than those previously existing with respect to the Senior Subordinated Notes; provided that terms and conditions of such Indebtedness specifically required pursuant to the other subclauses of this definition shall not be taken into account in making any determination pursuant to this clause (vii), and (viii) unless issued pursuant to the Alternative Senior Subordinate...
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Holdings PIK Notes means (i) any promissory notes issued by Holdings in favor of the holders of the Holdings Notes, pursuant to the Holdings Notes to evidence the payment of interest thereunder; (ii) any additional promissory notes issued by Holdings to the holders of any notes issued pursuant to clause (i) to evidence the payment of interest thereunder; and (iii) any notes issued pursuant to the Holdings Note Exchange Offer in accordance with the Holdings Note Indenture to replace any notes issued pursuant to clauses (i) or (ii).
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Related to Holdings PIK Notes

  • PIK Notes means additional Notes issued under this Indenture on the same terms and conditions as the Initial Notes in connection with the payment of PIK Interest.

  • High Yield Securities means debt Securities and Preferred Stock, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) or other exemption to the Securities Act and (c) that are not Cash Equivalents, Mezzanine Investments or Bank Loans.

  • 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.

  • Holdco Notes means $750,000,000 in aggregate principal amount of the 7.375%/8.125% senior PIK toggle notes due 2018 issued by Healthcare Technology Intermediate, Inc.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Performing Non-Cash Pay High Yield Securities means Performing High Yield Securities other than Performing Cash Pay High Yield Securities.

  • 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.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • 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).

  • Unsecured Notes means Notes that either (i) are unsecured at the time of issue pursuant to the relevant Final Terms or (ii) become unsecured in accordance with the conversion mechanism described in Condition 5; and

  • 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.

  • Existing Senior Notes means the Existing 2020 Senior Notes and the Existing 2021 Senior Notes, collectively.

  • 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.

  • Non-Performing High Yield Securities means High Yield Securities other than Performing High Yield Securities.

  • 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.

  • Group 1 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 1 Senior Percentage of the Principal Payment Amount for Loan Group 1, (b) the Group 1 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 1 and (c) the Group 1 Senior Liquidation Amount.

  • Existing Senior Notes Indentures means, the indentures governing the Existing Senior Notes, each as may be amended or supplemented from time to time.

  • Principal Indebtedness means the principal balance of the Loan outstanding from time to time.

  • Permitted Debt Exchange Notes shall have the meaning provided in Section 2.15(a).

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Group 2 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 2 Senior Percentage of the Principal Payment Amount for Loan Group 2, (b) the Group 2 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 2 and (c) the Group 2 Senior Liquidation Amount.

  • 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.

  • 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.