Senior Note Maturity Date definition
Examples of Senior Note Maturity Date in a sentence
The Senior Notes and all accrued but unpaid interest thereon shall be due and payable in full at the Senior Note Maturity Date unless earlier redeemed pursuant to the terms and conditions set forth in Section 1.06 herein.
If an Event of Default occurs prior to the Existing Senior Note Maturity Date but is continuing past such date, then, upon the Existing Senior Note Maturity Date, the interest rate will return to the stated rate and the Trustee and Holders of the Securities will have the remedies described in the preceding paragraph and as otherwise provided in this Indenture.
The Company has authorized the issuance and sale to the Purchasers, in the respective amounts set forth in the Schedule of Purchasers attached hereto in Schedule I, of the Company's Senior Secured Promissory Notes, due March 1, 2010 (the "Senior Note Maturity Date"), in the original aggregate principal amount of up to $6,700,000.
The Put Right shall be exercisable for a period of 70 days after (i) the ninety-first day after the Senior Note Maturity Date, (ii) any Major Liquidity Event or (iii) a Change of Control.
Any interest rate increase effected pursuant to the foregoing shall only be effective during such time that such Event of Default is continuing (or any other Event of Default is occurring while such initial Event of Default is continuing) and prior to the Existing Senior Note Maturity Date.