HY Notes definition

HY Notes means any debenture, bond (other than performance bonds, bid bonds, retention bonds, advance payments bonds, letters of credit or trade credit related bonds), note, loan stock or other similar security issued by KEL.

HY Notes means the senior notes due 2012 of the Parent issued in the HY Offering.

HY Notes means the senior secured notes issued by KEL from time to time pursuant to the terms of the HY Note Indenture.

Examples of HY Notes in a sentence

• Each HY Noteholder shall be entitled to a single recovery under the Plan on account of its HY Notes Claims against all Debtors, and will be provided a single Ballot entitling it to vote its HY Notes Claims against all Debtors.

• Exchange some or all of their Scheme Claims for New HY Notes at an exchange ratio of 1.02598x (e.g., $1,000 of Scheme Claims equal to $1,025.98 in New HY Notes) with new principal amounts, new maturity dates and new interest coupon schedules, as provided for in the terms of the New HY Notes and the New Indentures.

• The HY Notes accrue interest at 13.0%, have a three-year maturity, and are convertible into shares of the Company at $3.08 per share.

• The terms of the HY Notes and corresponding Units contain several financial and non-financial covenants.

• Notwithstanding any other provision of this Agreement, in the event that the holders of HY Notes benefit from provisions relating to the restriction of Financial Indebtedness of the Group which are more onerous than those set out in this Agreement, KEL shall incorporate into this Agreement, mutatis mutandis, clauses which are equivalent to the relevant provisions of the HY Notes.

More Definitions of HY Notes

HY Notes means the high yield notes issued or to be issued by the Issuer pursuant to the HY Indenture as permitted pursuant to the definition of HY Offering in the Senior Facilities Agreement.

HY Notes means the “HY Notes” as defined in each Existing Intercreditor Agreement.

HY Notes notes issued under the HY Indenture.

HY Notes means any debenture, bond (other than performance bonds, bid bonds, retention bonds, advance payments bonds, letters of credit ortrade credit related bonds), note, loan stock or other similar security issued by the Company.

HY Notes the Existing HY Notes and any Permitted Additional HY Notes.

HY Notes means the 7.875 per cent. senior secured notes due 2021 to be issued on or around the date of this Agreement, pursuant to the terms of the HY Note Indenture.

HY Notes. Unsecured Notes in an aggregate principal amount not to exceed $350,000,000 first issued on or after the Restatement Effective Date.