PP Notes definition

PP Notes is described in the fourth recital and shall have the meaning given the term “Notes” as defined in the Indenture.
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PP Notes means any notes offered by the IBLA Creditor on a private placement basis under a PP Note Purchase Agreement;
Sample 1
PP Notes means those certain 10% senior notes due 2013 dated as of June 2007 in an aggregate principal amount of up to $750,000,000 and shall have the meaning given the term “Notes” as defined in the Indenture.
Sample 1

Examples of PP Notes in a sentence

  • As of the Closing Date, the parties hereto agree that the Borrowing Base shall be equal to $450,000,000 until such time as the Borrowing Base is redetermined in accordance with this Agreement; provided, however, that to the extent that the aggregate principal amount of PP Notes outstanding on the Closing Date exceeds $700,000,000, then the amount specified in this Section for the Borrowing Base shall be reduced by $0.50 for each $1.00 of such excess.

  • Both the construction loan and the PP Notes provided for the accrual of interest which was to be paid at maturity (or, depending on future events, prior to maturity).

  • Other amounts of interest were set forth under the PP Notes, but no such amounts accrued or became payable prior to the repayment and cancellation of such notes.

  • At the time of the sale of the Development Properties, and during the term of the PP Notes, the Company believed that the value of the real property at each Development Property would increase more rapidly than interest would accrue on the PP Note and construction loan related to such property.

  • The Administrative Agent, the Issuer and the Lenders hereby acknowledge and agree that, upon the satisfaction of the condition set forth in Section 5(e)(iv) below, the Pledged Notes Security Agreement and the PP Notes Letter Agreement shall terminate and such agreements and each other agreement, certificate, document or instrument specifically delivered in connection therewith shall be of no further force and effect (subject only the provisions thereof regarding reinstatement).

  • For purposes of this discussion, it is assumed that the accrual of Base Interest caused it to be necessary to test the PP Notes at the end of each quarter during which they were outstanding.

  • At the time the PP Notes were issued, the Company believed the value of the real property associated with each Development Property was equal to the sum of the amounts of the construction loan on the Development Property and the PP Note issued with respect to the Development Property.

  • The Company represented and the Board of Directors of the Company (the "Board") has confirmed, that each Development Property was comprised solely of real property at the time the PP Notes were issued, and did not include any personal property, in each case as determined for federal income tax purposes.

  • The PP Notes were fully repaid at the time the indebtedness secured by the Development Properties was refinanced.

  • In addition, the PP Notes provided for the payment of "Type 1 Additional Interest" (which entitled the Company to 60% of PSSH's additional Distributable Cash, if any) and "Type 2 Additional Interest" (which entitled the Company to 60% of "Capital Transaction Proceeds," if any).


More Definitions of PP Notes

PP Notes means any private placement notes. "Property of a member of the Group or of the Parent" means:
Sample 1
PP Notes means such private placements notes as may be issued by the Borrower in connection with any Additional Secured Debt.
Sample 1
PP Notes means the privately placed notes issued by the Issuer from time to time pursuant to a PP Note Purchase Agreement;
Sample 1

Related to PP Notes

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • 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.

  • 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.

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

  • Notes shall have the meaning assigned to such term 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.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

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

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

  • 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.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • 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.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • 2023 Notes means the 6 7/8% Notes due 2023 issued by NTL pursuant to the 1988 Indenture.

  • 2013 Notes means the 4.375% Senior Secured Notes due 2023 and the 5.950% Senior Secured Notes due 2043 issued by the Issuer on March 18, 2013.

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

  • 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.

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

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • 2024 Notes means the 7.625% unsecured notes due April 15, 2024, issued pursuant to the 2009 Notes Indenture.

  • B Notes means each of Note B-1 and Note B-2.

  • 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.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • 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 Notes means $500,000,000 in aggregate principal amount of the Borrower’s 6.75% senior unsecured notes due 2025 issued pursuant to the Senior Notes Indenture on the Closing Date.