Payment of the Notes definition

Payment of the Notes means the payment in full of principal of, premium, if any, and interest on the Notes or provisions for such payment sufficient to discharge the Note Resolution.
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Payment of the Notes shall have the meaning set forth in Section 5.05.
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Payment of the Notes shall have a correlative meaning), except in Permitted Junior Securities, unless, in either case, (a) the default has been cured or waived and any such acceleration has been rescinded or (b) such Designated Senior Indebtedness has been paid in full. (b) During the continuance of any default (other than a default described in clause (i) or (ii) of Section 10.02(a), a "Non-Payment Default") with respect to any Designated Senior Indebtedness as a result of which the maturity thereof may then be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace periods, no Obligor may pay the Notes, except in Permitted Junior Securities, for a period (a "Payment Blockage Period") commencing upon the receipt by any Obligor and the Trustee of written notice of such default from the Representative of any Designated Senior Indebtedness specifying an election to effect a Payment Blockage Period (a "Blockage Notice") and ending 179 days thereafter (or earlier if such Payment Blockage Period is terminated (i) by written notice to the Trustee and the Company from the Person or Persons who gave such Blockage Notice, (ii) by repayment in full of such Designated Senior Indebtedness or (iii) because the default giving rise to such Blockage Notice is no longer continuing or is waived). Notwithstanding the immediately preceding sentence (but subject to the next preceding sentence), unless the holders of such Designated Senior Indebtedness or the Representative of such holders shall have accelerated the maturity of such Designated Senior Indebtedness, the Obligors may resume payments on the Notes after such Payment Blockage Period. Not more than one Blockage Notice may be given in any consecutive 360-day period, irrespective of the number of defaults with respect to Designated Senior Indebtedness during such period. No Non-Payment Default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Blockage Notice. (c) Upon any payment or distribution of the assets of any Obligor to creditors upon a total or partial liquidation or a total or partial dissolution of any Obligor or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to any Obligor or its property or an assignment for the benefit of creditors or any marshaling of any Obligor's assets and liabilities:...
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Examples of Payment of the Notes in a sentence

  • Payment of the Notes will be made as promptly as practicable after the applicable Valuation Date.

  • Payment of the Notes shall be in accordance with the terms of the Notes and this Resolution.

  • Payment of the Notes and Guarantees and related obligations are subordinated to the prior payment in full in cash of Senior Debt and Guarantor Senior Debt to the extent provided in the Indenture.

  • Source of Payment of the Notes The principal source of payment of interest and of repayment ofprincipal on the Notes will be the Collections and Recoveries made in respect of the Receivables arising out of Loan Agreements, purchased and to be purchased by the Issuer from the Originators pursuant to the Master Transfer Agreements.

  • The failure to make a Payment of the Notes by reason of any provision in this Article XI shall not be construed as preventing the occurrence of an Event of Default under Section 6.01.

  • Payment of the Notes The Company shall pay the principal of and interest on the Notes on the dates and in the manner provided in the Note.

  • If Payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Indebtedness of the acceleration.

  • Source of Payment of the Notes The principal source of payment of interest and of repayment ofprincipal on the Notes will be Collections and Recoveries received in respect of the Claims arising from the Loans.

  • Authorization of the Notes 8Description of the Notes 9Designation of Paying Agent and Note Registrar 9Method and Place of Payment of the Notes 9Payments Due on Saturdays, Sundays and Holidays.

  • Source of Payment of the Notes The principal source of payment of interest and of repayment ofprincipal on the Notes, as well as payment of Variable Return (ifany) on the Class D Notes, will be Collections and Recoveries received in respect of the Receivables from time to time purchased by the Issuer from the Seller pursuant to the Master Transfer Agreement.

Related to Payment of the Notes

  • on the Notes means the Company and any successor obligor upon the Notes. All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them.

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Deed of Guarantee;

  • 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.

  • 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.

  • 2020 Notes means the 6.875% Senior Notes due 2020, issued by Pride International LLC, a Delaware limited liability company.

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

  • 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.

  • Senior Subordinated Indenture means the Indenture, dated as of August 30, 2007, among the Company, the subsidiary guarantors party thereto from time to time and Xxxxx Fargo Bank, National Association, as trustee, governing the 13.5% Senior Subordinated Notes due 2015 of the Company, as the same may be amended, supplemented, waived or otherwise modified from time to time.

  • Senior Subordinated Notes means $200,000,000 in aggregate principal amount of the Borrower’s 10.75% senior subordinated notes due 2016.

  • Existing Senior Subordinated Notes means the Company’s existing 8% Senior Subordinated Notes due 2015.

  • 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.

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

  • 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.

  • Series 2020 Bonds means the Series 2020A Bonds and the Series 2020B Bonds.

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

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

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

  • 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.

  • 2013 Notes means the aggregate principal amount of US$345,000,000 of 5.00% Convertible Senior Notes Due 2013 issued pursuant to the 2013 Note Indenture.

  • Subordinated Indenture means the Subordinated Note Indenture, dated as of ________ __, 19__, between the Depositor and the Indenture Trustee, as supplemented by the Supplemental Indenture.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • 2018 Notes means the Company’s 7.75% Senior Subordinated Notes due 2018 issued under the Indenture dated December 14, 2010 among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee.

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

  • Existing Subordinated Notes means any instrument or loan issued or incurred before 1 January 2013, whether publicly or privately placed, ranking or expressed to be ranking pari passu with all other subordinated obligations (except for those subordinated obligations expressed by their terms to rank junior), provided that should any such Existing Subordinated Notes be amended in any way (contractually or by statute) which would result in allowing the Issuer to issue subordinated notes ranking senior thereto, then such Subordinated Notes would be deemed to no longer constitute an Existing Subordinated Note. As a result, in the event of liquidation or bankruptcy of the Issuer or in the event of a Moratorium (as defined in Condition 3 of the Conditions of the Notes) with respect to the Issuer, the claims of the holders of the Subordinated Notes ("Subordinated Noteholders") against the Issuer will be:

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

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.