Series B Applicable Rate means the sum of (i) LIBOR plus (ii) 2.05% (205 basis points), as adjusted (if applicable) in accordance with Section 2(c) hereof.
Series B Applicable Rate means 4.07% per annum, as adjusted (if applicable) in accordance with Section 2(c)(i) hereof.
Series B Applicable Rate means 4.53% per annum, as adjusted (if applicable) in accordance with Section 2(c)(i) hereof.
Examples of Series B Applicable Rate in a sentence
To the extent necessary to effect such retroactive adjustment of the Series B Applicable Rate, the Company may cancel (without consideration paid to the holder thereof) any Additional Series B Securities (including dividends paid thereon) that have been issued between the Initial Issuance Date and the date of the Initial Solicitation Conversation.
After January 15, 2003, dividends on the Series B Preferred Stock will be payable on each Series B Dividend Payment Date, as, if and when declared by the Board of Directors of the Corporation at the Series B Applicable Rate from time to time in effect.
Each Series B MRP Share shall have a dividend rate equal to the Series B Applicable Rate from time to time, and shall have such other preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption, in addition to those required by applicable law or set forth in the Charter applicable to Preferred Stock of the Corporation, as are set forth in this Article Fifth.
More Definitions of Series B Applicable Rate
Series B Applicable Rate means (i) 7.40% per annum from the date of this Note to but excluding August , 2003, (ii) 9.15% per annum for the period from and including August , 2003 to but excluding the day on which each holder of a Series B Note (as hereinafter defined) receives an Officer's Certificate (as defined in the Note Purchase Agreement referred to below) certifying that the Company has received an Investment Grade Rating (as defined in the Note Purchase Agreement referred to below) and (iii) thereafter, 7.40% per annum. Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the principal office of Bank of America in New York, New York or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below. This Note is one of the Amended and Restated Reset Rate Senior Secured Notes, Series B (the "Series B Notes") issued pursuant to the Waiver and Second Amendment dated as of August 1, 2003 (the "Second Amendment") to Note Purchase Agreement, dated as of October 1, 2001 (as amended to the date hereof and as further amended from time to time, the "Note Purchase Agreement"), between the Company and the Purchasers named therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its acceptance hereof, (i) to have agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) to have made the representation set forth in Section 6.2 of the Note Purchase Agreement. This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder's attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary. The Company will make required prepayments of principal on the dates and in the amounts specified in the Note Purchase Agreement. This Note is also subject to optional prepayme...
Series B Applicable Rate means the rate per annum equal to the Series B Rate; provided that the Series B Applicable Rate shall be the Series B Rate plus .50% if Consolidated Debt was greater than 60% of Consolidated Total Capitalization as of the last day of the fiscal quarter immediately preceding the Determination Date. The Series B Applicable Rate shall be in effect from and including such Determination Date to but excluding the next succeeding Determination Date.
Series B Applicable Rate means the sum of (i) LIBOR plus (ii) 1.90% (190 basis points), as adjusted (if applicable) in accordance with Section 2(c) hereof. "Series B MRP Shares" has the meaning set forth on the second page of these Articles Supplementary. "Series B MRP Shares Early Redemption Amount" means, in connection with any redemption of the Series B MRP Shares pursuant to Section 3(a)(i) or 3(a)(ii), an amount equal to the applicable percentage of the MRP Liquidation Preference Amount of the Series B MRP Shares or portion thereof to be redeemed as follows: IF REDEEMED DURING THE 12 MONTH PERIOD ENDING AUGUST 24,
Series B Applicable Rate means 4.18% per annum, as adjusted (if applicable) in accordance with Section 2(c)(i) hereof.
Series B Applicable Rate means 7.31% per annum plus the Reserve Adjustment (if any).
Series B Applicable Rate set forth in Section 1.4 of this First Amendment, such amendments shall not become effective unless the Company shall have substantially completed the acquisition of the entity disclosed and discussed in the presentation and telephone conference conducted by the Company on February 13, 2004 with the Noteholders:
Series B Applicable Rate means the rate per annum equal to 8.24%; provided that the Series B Applicable Rate shall be 8.49% in the case of a Tier One Interest Adjustment, and shall be 8.74% in the case of a Tier Two Interest Adjustment. The interest adjustment shall be determined in each case for the Applicable Quarter immediately preceding the Determination Date for such quarter. Any increase or decrease in the Series B Applicable Rate shall be in effect from and including the first day of the fiscal quarter immediately following the Applicable Quarter for which a determination is made to and including the last day of such fiscal quarter. Except for adjustments in the interest rate for the Series B Notes in respect of any Applicable Quarter, the interest rate borne by the Series B Notes shall be 8.24% per annum. If any determination hereunder would result in both a Tier One Interest Adjustment and a Tier Two Interest Adjustment, the Tier Two Interest Adjustment shall be controlling."