Senior Discount definition
Examples of Senior Discount in a sentence
No representation is made as to the accuracy of such numbers either as printed on the Senior Discount Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.
The waiver and release are part of the consideration for issuance of the Senior Discount Notes.
Each Holder of Senior Discount Notes by accepting a Senior Discount Note waives and releases all such liability.
Holders of the Senior Discount Notes may not enforce the Indenture or the Senior Discount Notes except as provided in the Indenture.
The Trustee may withhold from Holders of the Senior Discount Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest) if it determines that withholding notice is in their interest.
Failure to make the appropriate notation or issue a new Senior Discount Note shall not affect the validity and effect of such amendment, supplement or waiver.
The Company has duly authorized the creation of an issue of 14 1/2% Senior Discount Notes due 2009 (herein called the "Initial Securities"), and 14 1/2% Exchange Senior Discount Notes due 2009 (the "Exchange Securities" and, together with the Initial Securities, the "Securities"), of substantially the tenor and amount hereinafter set forth, and to provide therefor the Company has duly authorized the execution and delivery of this Indenture.
The Senior Discount Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms.
The Initial Securities shall be known as the "14 1/2% Senior Discount Notes due 2009" and the Exchange Securities shall be known as the "14 1/2% Exchange Senior Discount Notes due 2009".
The waiver and release are part of the consideration for the issuance of the Senior Discount Notes.