Purchaser Notes definition

Purchaser Notes means, on any day, the Notes which were originally issued to the Purchaser which remain outstanding and beneficially owned by the Purchaser on that day.

Purchaser Notes means the $99,000,000 principal amount of zero-coupon, convertible, subordinated notes due 2023 issued by the Purchaser.

Purchaser Notes has the meaning set forth in Section 2.1(e) hereof.

Examples of Purchaser Notes in a sentence

• Absent the Purchaser Notes and the Alternate Purchaser Notes to be provided by the Purchaser pursuant to the Acquisition Agreement, there would be effectively no means by which to satisfy the Noteholder Claimant Claims.

• As further detailed herein, Noteholder Claimants will either: (a) receive Purchaser Notes; or (b) make the Noteholder Claimant Election and receive: (i) Alternate Purchaser Notes instead of Purchaser Notes for up to a maximum of 40% of the amount of their Noteholder Claimant Claim; plus (b) Purchaser Notes in the amount of the balance of their Noteholder Claimant Claim.

• In the case of Undeliverable Distributions, following the Undeliverable Distribution Date, the applicable Purchaser Notes, Alternate Purchaser Notes or Purchaser Common Shares shall be deemed to be cancelled and shall be null and void.

• Noteholder Claimants that do not deliver Noteholder Claimant Election Forms to the Monitor prior to the Noteholder Claimant Election Form Deadline, or that previously made the Noteholder Claimant Election and do deliver Noteholder Claimant Election Revocation Forms prior to the Noteholder Claimant Election Form Deadline, shall receive Purchaser Notes as set forth below.

• As soon as practicable after the Noteholder Claimant Election Form Deadline, the Monitor shall advise the Purchaser of the number and face value of Alternate Purchaser Notes to be issued in accordance with the Noteholder Claimant Elections and the Acquisition Agreement.

More Definitions of Purchaser Notes

Purchaser Notes has the meaning ascribed to it in Section 3.01(a).

Purchaser Notes means each of the 14% Junior Subordinated Notes dated August 3, 1995, as amended and restated, issued by the Company acquired by Purchaser pursuant to the CIVC Agreement, all as set forth on Part B of Schedule 1.1 attached hereto.

Purchaser Notes means, collectively, (a) Longs’ 5.85% Senior Notes, Series 1999-A, Tranche 1, Due February 15, 2006, in the aggregate amount of $15,000,000, (b) Longs’ 6.19% Senior Notes, Series 1999-A, Tranche 2, Due February 15, 2014, in the aggregate amount of $30,000,000, (c) Longs’ 7.71% Senior Notes, Series 1999-B Tranche 1, Due November 12, 2004 in the aggregate amount of $33,000,000, (d) Longs’ 7.85% Senior Notes, Series 0000-X, Xxxxxxx 2, Due November 12, 2006 in the aggregate amount of $37,000,000, (e) Longs’ 6.46% Senior Notes, Series 2001-A, Tranche 1, Due August 15, 2008 in the aggregate amount of $20,000,000, (f) Longs’ 6.71% Senior Notes, Series 2001-A, Tranche 2, Due August 15, 2008 in the aggregate amount of $30,000,000, and (g) any other senior notes issued pursuant to the Note Purchase Agreement.

Purchaser Notes means unsecured convertible debenture notes, each having substantially the terms and conditions set forth in Schedule “D” to the Acquisition Agreement, which, together with the Alternate Purchaser Notes, have an aggregate face value of $20,504,850.96 (representing 100% of the principal value and accrued interest of the Secured Debentures as of the Filing Date).

Purchaser Notes means any debt obligations received from purchasers of Intervals in connection with the sale of Intervals to such purchasers.

Purchaser Notes means the convertible notes of the Purchaser offered to the Purchaser Bridge Lenders in connection with the Purchaser Note Financing, of which the principal amount, and accrued interest thereon, will automatically convert into Purchaser Shares at a conversion price of $0.125 per Purchaser Share, on the Effective Date;

Purchaser Notes has the meaning set out in Section 2.2(a) of this Agreement.