High Yield Debt definition

High Yield Debt the collective reference to the Borrower's 11% Senior Notes Due 2006 and 12 1/2% Senior Discount Notes Due 2006 and the respective indentures under which such Notes have been issued.

High Yield Debt means any senior unsecured indebtedness for borrowed money in the form of high-yield debt securities for which a Company is directly and primarily obligated and that is issued pursuant to documentation with terms that are no more restrictive upon such Company than the terms of this Agreement.

High Yield Debt means Debt incurred by JustEnergy under or pursuant to any non-convertible notes or debentures issued by JustEnergy to the public (other than Convertible Subordinated Debentures) from time to time (“High Yield Notes”), with characteristics that include, but are not limited to the following:

Examples of High Yield Debt in a sentence

• This Agreement, the Escrow Agreement, the Debt Offering Memorandum and the Related Agreements are the only material agreements relating to the High Yield Debt, the financing thereof and the transactions contemplated hereby to which the Seller or any Subsidiary is a party.

• The "Designated Senior Debt" shall mean, all Senior Debt under the Senior Credit Facility or the New Senior Credit Facility, and, provided there is no Senior Credit Facility or New Senior Credit Facility, then Designated Senior Debt shall mean the High Yield Debt.

• The parties agree that the Closing Date shall be the date on which pricing of the offering of the High Yield Debt is scheduled to occur between the Seller and the lead placement agent under the Debt Offering Memorandum, which date is currently contemplated to be on or about June 4, 1997.

• Any Principal Member of the Group (other than an Issuer where arrangements have been made for the Borrower to assume the obligations under the relevant High Yield Debt Documents on similar terms (mutatis mutandis) as at the Signing Date or on such other terms as are satisfactory to the Majority Banks (acting reasonably)) ceases or threatens to cease to carry on all or a substantial part of its principal business.

• In the event the Borrower or any of the other Loan Parties do not enter into or incur the Senior High Yield Debt or Other Secured Debt, the Borrower shall not, and shall not permit any of the other Loan Parties to, enter into any mortgage, deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages and leasehold deeds of trust or any other document to secure a Lien with respect to real property in favor of any other party without the prior written consent of the Administrative Agent.

More Definitions of High Yield Debt

High Yield Debt has the meaning specified in the Note Purchase Agreement.

High Yield Debt means publicly issued high yield or convertible Indebtedness of the Borrower, which satisfies the following criteria:

High Yield Debt means the issue of high yield debt instruments proposed to be sold by the Seller pursuant to the Debt Offering Memorandum.

High Yield Debt means secured or unsecured debt securities issued by the Company or a wholly owned Subsidiary of the Company in a registered public offering or an offering to Qualified Institutional Buyers and/or institutional Accredited Investors under Rule 144A of the Securities Act of at least $50 million after the Series C Closing Date, with or without attached warrants or quasi-equity rights issued by the Company or a Subsidiary of the Company.

High Yield Debt means the $150 million aggregate principal amount of 11.125% Senior Notes due 2013 originally issued under the indenture dated as of the Initial Closing Date, among the Purchaser, as issuer, and JPMorgan Chase Bank, N.A., as trustee, as amended or modified from time to time in accordance with the terms thereof.

High Yield Debt means a debt obligation with a lower credit rating than investment-grade debt.

High Yield Debt means all Debt of the Parent Guarantor arising under, with respect to, or in connection with the Notes.