Senior Subordinated Exchange Notes definition

Senior Subordinated Exchange Notes has the meaning ascribed to the term “Exchange Notes” in the Senior Subordinated Interim Loan Credit Agreement.

Senior Subordinated Exchange Notes means new notes of the Company issued in a registered offer made pursuant to a registration statement filed with, and declared effective by, the Commission offering to exchange such new notes for Senior Subordinated Notes, provided that such new notes have terms substantially identical in all material respects to the Senior Subordinated Notes for which such offer is being made.

Senior Subordinated Exchange Notes means the Senior Subordinated Exchange Notes to be issued under the Senior Subordinated Exchange Notes Indenture in accordance with the provisions of the Bridge Loan Agreement.

Examples of Senior Subordinated Exchange Notes in a sentence

• The holders of the Senior Subordinated Exchange Notes shall have the absolute and unconditional right to transfer such Senior Subordinated Exchange Notes in compliance with applicable law to any third parties.

• The Parent's 12.75% Senior Subordinated Exchange Notes due 2007 issuable in exchange for PCC Preferred Stock pursuant to the PCC Preferred Stock Designation.

• The Senior Subordinated Exchange Notes will be issued under an indenture (the "Senior Subordinated Indenture"), dated as of January 30, 2003, between the Company and Wells Fargo Bank Minnesota, N.A., as Trustee, and the Senior Exchange Notes will be issued under an indenture (the "Senior Indenture" and, together with the Senior Subordinated Indenture, the "Indentures"), dated as of January 30, 2003, between the Company and Wells Fargo Bank Minnesota, N.A., as Trustee.

• ConnXus and its associates attempt to be as accurate as possible.

• The payment of principal, premium and Liquidated Damages, if any, and interest on the Senior Subordinated Exchange Notes is fully and unconditionally guaranteed on a senior subordinated basis, jointly and severally, by the Guarantor and each of the other guarantors pursuant to their guarantees (the “Senior Subordinated Guarantees” and, together with the Senior Guarantees, the “Guarantees”).

More Definitions of Senior Subordinated Exchange Notes

Senior Subordinated Exchange Notes. “ means senior subordinated exchange notes which refinance all or part of the Senior Subordinated Rollover Loans and which have terms consistent with the following: (a) subordination to the Obligations pursuant to terms and conditions substantially similar to those set forth in the Put Backstop Facility of the Borrower or other terms and conditions acceptable to the Administrative Agent, (b) maturity date no earlier than May 1, 2012, (c) no scheduled payments of principal until on or after May 1, 2012, (d) interest rates not in excess of 12.5% per annum; provided, that, in the case of a payment default, the applicable rate for past due amounts may be increased by 2.0% per annum, (e) covenants, terms and conditions terms and conditions substantially similar to those set forth in the Put Backstop Facility of the Borrower or other covenants, terms and conditions acceptable to the Administrative Agent.

Senior Subordinated Exchange Notes means up to $750,000,000 aggregate principal amount of the Senior Subordinated Exchange Notes due 2017 of the Borrower.

Senior Subordinated Exchange Notes contained in Section 1.01 shall be restated to read in its entirety as follows:

Senior Subordinated Exchange Notes means the Senior Subordinated Notes registered under the Securities Act by the Company pursuant to the Registration Rights Agreement, dated as of May 28, 2003 among the Company and the other parties named on the signature pages thereof.

Senior Subordinated Exchange Notes means the senior subordinated notes issued pursuant to the Registration Rights Agreement, dated as of May 28, 2003 among the Company and the other parties named on the signature pages thereof, with respect to the Senior Subordinated Notes.

Senior Subordinated Exchange Notes means the Authority's 83/4% Senior Subordinated Notes due 2009 to be issued in exchange for the Initial Senior Subordinated Notes pursuant to the Senior Subordinated Registration Rights Agreement.

Senior Subordinated Exchange Notes means, collectively, the debt securities of the Company for which the Company and the Guarantors agree to exchange the Senior Subordinated Notes pursuant to the Senior Subordinated Notes Registration Rights Agreement (each as defined in Schedule II attached hereto);