Second Ranking Debentures definition

Second Ranking Debentures means the second ranking debentures, dated on or about the Amendment Date in a form satisfactory to the Administrative Agent granted by the Borrowers in favour of the Security Trustee.

Related to Second Ranking Debentures

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • 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.

  • Initial Debentures means the Debentures designated as “8.0% Unsecured Convertible Debentures” and described in Section 2.5;

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • 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.