Sponsor Notes definition

Sponsor Notes means any Sponsor Global Notes or any temporary Notes or Physical Notes issued in exchange for beneficial interests in a Sponsor Global Note.

Sponsor Notes has the meaning set forth in the Indenture.

Sponsor Notes means unsecured promissory notes in the aggregate amount of $303,300, $301,000, $167,000, $62,082, $62,082,

Examples of Sponsor Notes in a sentence

• Notwithstanding Section 316(a)(1) of the Trust Indenture Act (which, for the avoidance of doubt, shall not apply to this Indenture unless and until this Indenture is qualified under the Trust Indenture Act) or anything herein to the contrary, to the fullest extent permitted by law, no Sponsor Notes shall be deemed to be owned by the Company or any of its Subsidiaries or Affiliates for purposes of this Indenture, the Notes and any direction, waiver or consent with respect thereto.

• Notwithstanding the foregoing or anything to the contrary, so long as any Sponsor Notes are outstanding, without the consent of the Holders of 100% of the aggregate principal amount of the Sponsor Notes, an amendment, supplement or waiver, including a waiver pursuant to Section 6.09, may not modify any provision contained in this Indenture specifically and uniquely applicable to the Sponsor Notes in a manner adverse to the Holders of, or the holders of a beneficial interest in, the Sponsor Notes.

• With respect to Notes that are not Sponsor Notes, the Daily Settlement Amounts (if applicable) and the Daily Conversion Values (if applicable) shall be determined by the Company promptly following the last day of the Observation Period.

• Such written notice shall include a certification therein that the beneficial owners delivering such written notice are holders that hold beneficial interests in the Sponsor Notes subject to conversion.

• Each Sponsor Noteholder possesses all requisite power and authority necessary to consummate the Sponsor Notes Exchange and the transactions contemplated by this Agreement and to transfer the Sponsor Notes to New Stone.

More Definitions of Sponsor Notes

Sponsor Notes means any Sponsor Global Notes or any temporary Notes or Physical Notes issued in exchange for beneficial interests in a Sponsor Global Note and includes any PIK Notes issued in respect of such Sponsor Notes.

Sponsor Notes shall have the meaning assigned to it in Section 1.1.”

Sponsor Notes means the junior subordinated notes in a principal aggregate amount of $7,000,000 granted by Xxxxxx and Perseus to the Company and to be converted or on before the Amendment Date to Series D -1 Preferred Shares.

Sponsor Notes the $160,000,000 subordinated unsecured notes of the -------------- Borrower due 2009, issued on the Closing Date in form and substance substantially similar to the draft dated July 16, 1999 provided to the Administrative Agent, bearing cash interest at a rate of 10%, and payment-in- kind interest at a rate equal to 13% minus 10%. The Sponsor Notes shall not be guaranteed by any Subsidiary.

Sponsor Notes has the meaning ascribed to it in the Recitals of this Agreement. “Supplemental Budget” means an updated, supplemental or replacement budget of sources and uses of cash delivered in accordance with Section 6.2 of this Agreement, or otherwise, that has been approved by the Lender.

Sponsor Notes has the meaning set forth on Schedule II.

Sponsor Notes means any Sponsor Global Notes or any temporary Notes or Physical Notes issued in exchange for beneficial interests in a Sponsor Global Note. “Subsidiary” means, with respect to any Person, any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more Subsidiaries of such Person; or (iii) one or more Subsidiaries of such Person. “Successor Company” shall have the meaning specified in Section 11.01(a). “Trading Day” means, except for purposes determining amounts due upon conversion as set forth below, a day on which (i) trading in the Common Stock (or other security for which a closing sale price must be determined) generally occurs on The Nasdaq Global Select Market or, if the Common Stock (or such other security) is not then listed on The Nasdaq Global Select Market, on the principal other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then listed or, if the Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock (or such other security) is then traded and (ii) a Last Reported Sale Price for the Common Stock (or closing sale price for such other security) is available on such securities exchange or market; provided that if the Common Stock (or such other security) is not so listed or traded, “Trading Day” means a Business Day; and provided, further, that for purposes of determining amounts due upon conversion only, “Trading Day” means a day on which (x) there is no Market Disruption Event and (y) trading in the Common Stock generally occurs on The Nasdaq Global Select Market or, if the Common Stock is not then listed on The Nasdaq Global Select Market, on the principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then listed or admitted for trading, except that if the Common Stock is not so listed or admitted f...