Examples of Secured Bonds in a sentence
Following confirmation from the Agent that the total nominal amount outstanding under the New Senior Secured Bonds is 50 per cent.
Any deferred interest will be payable on the final maturity date of the New Senior Secured Bonds.The Issuer may choose to capitalise a maximum of two quarterly interest payments during the lifetime of the New Senior Secured Bonds, provided that cash and cash equivalents of the Issuer of SEK 40,000,000, as tested at the last day of each quarter (the " PIK Threshold") is not exceeded.
The Issuer seeks the Bondholders' approval to allow for the Backstop Fee Note and the New Senior Secured Bonds (each as defined below) and their relevant ranking in the Terms and Conditions.
Provided that the Written Procedure is approved and subject to the successful issuance and settlement of the New Senior Secured Bonds, the remaining Bondholders, not participating in the New Senior Secured Bond issue, will be paid a consent fee (the "Consent Fee").
The applicable USD/SEK exchange rate to be used for the set-off issue tranche under the New Senior Secured Bonds is the relevant exchange rate as per the Record Date as further described in Section 4 (Offer to participate in the New Senior Secured Bond Issue).