Senior Discount Notes Sample Clauses

Senior Discount Notes. Section 1.01 of the Indenture is hereby amended so that the definition of "Senior Discount Notes" shall read in its entirety as set forth below:
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Senior Discount Notes. The 12 1/2% Senior Discount Notes Due 2011 ---------------------- issued by Emmis Escrow under the Senior Discount Note Indenture, and any refinancings thereof."
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Senior Discount Notes. On December 10, 1998, Avalon Michigan Holdings and Avalon Cable Holdings Finance, Inc. (collectively, the "Holdings Co-Issuers") issued $196,000 aggregate principal amount at maturity of 11.875% Senior Discount Notes (the "Senior Discount Notes") due 2008. The Senior Discount Notes were issued at a substantial discount from their principal amount at maturity, for proceeds of approximately $110,400. Interest on the Senior Discount Notes will accrue but not be payable before December 1, 2003. Thereafter, interest on the Senior Discount Notes will accrue on the principal amount at maturity at a rate of 11.875% per annum commencing December 1, 2003, and will be payable semiannually in arrears on June 1 and December 1 of each year. Prior to December 1, 2003, the accreted value of the Senior Discount Notes will increase, representing amortization of original issue discount, between the date of original issuance and December 1, 2003, on a semiannual basis using a 360-day year comprised of twelve 30-day months, such that the accreted value shall be equal to the full principal amount at maturity of the Senior Discount Notes on December 1, 2003. On December 1, 2003, the Holdings Co-Issuers will be required to redeem an amount equal to $369.79 per $1,000 principal amount at maturity of each Senior Discount Note then outstanding on a pro rata basis at a redemption price of 100% of the principal amount at maturity. On or after December 1, 2003, the Senior Discount Notes will be subject to redemption at any time at the option of the Holdings Co-Issuers, in whole or in part, at the redemption prices, which are expressed as percentages of principal amount, shown below plus accrued and unpaid interest, if any, and liquidated damages, if any, thereon to the applicable redemption date, if redeemed during the twelve-month period beginning on December 1 of the years indicated below: YEAR PERCENTAGE ---- ---------- 2003........................................................ 105.938% 2004........................................................ 103.958% 2005........................................................ 101.979% 2006 and thereafter 100.000% Notwithstanding the foregoing, at any time before December 1, 2001, the holding companies may on any one or more occasions redeem up to 35% of the aggregate principal amount at maturity of senior discount notes originally issued under the Senior Discount Note indenture at a redemption price equal to 111.875% of the accreted value at...
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Senior Discount Notes. The Parent shall have received at least $360,000,000 in gross cash proceeds from the offering of the Senior Discount Notes and the Net Cash Proceeds thereof shall have been used to purchase the Parent's Capital Stock and pay related fees and expenses pursuant to the Recapitalization Documentation.
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Senior Discount Notes. All consents and waivers necessary to permit the execution and delivery of this Agreement and each other Loan Document and the performance of the obligations of the Loan Parties hereunder and thereunder and the consummation of the transactions contemplated hereby and thereby shall have been obtained.
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Senior Discount Notes. The occurrence of any of the following events shall be deemed an event of default ("Event of Default") under the terms of this Note (a) the failure by the Company to pay amounts due under this Note when due (b) the violation of any representation, warranty, covenenant or agreement of the Company under the Note Purchase Agreement, (b) the occurrence of an event of default by the Company under the Loan Agreement, the Senior Discount Notes or any other agreements executed by the Company in connection therewith (c) the declaration of bankruptcy, assignment for the benefit of creditors or the seeking of protection under any Federal or State bankruptcy or insolvency law. Upon the occurrence of an Event of Default, the Lender may declare the entire amount of principal and interest due under this Note immediately due and payable, subject to the subordination of such Note to the rights of the lenders under the Loan Agreement and Senior Discount Notes, and may take such other actions and seek such other remedies as may be available at law or in equity. The Lender shall receive, as additional consideration for the issue of this Note, a warrant (a "Warrant") to purchase Four Hundred Eighty Three Thousand Three Hundred Thirty Three (483,333) shares of Common Stock of the Company. This Note and all obligations and rights hereunder shall be binding upon the successors and assigns of the Company and shall inure to the benefit of the record holder hereof and his successors and assigns. The registered holder hereof shall be treated as the owner of this Note for all purposes. If any term or provision of this Note or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, the remainder of this Note, or the application of such term or provision to person or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this Note shall be valid and enforceable to the fullest extent permitted by law. If any payments required to be made under this Note shall be in excess of the amounts allowed by law, the amounts of such payments shall be reduced to the maximum amounts permitted by law. In the event any payment required hereunder is not paid when due, such overdue payment shall bear interest from the date such payment was due until paid at the Rate, plus four (4) percentage points. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE ...
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Senior Discount Notes. There shall occur and be continuing any Event of Default under and as defined in the Senior Discount Notes (or any related indenture effective for the Senior Discount Notes).
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Senior Discount Notes. The 14% Discount Debentures, issued pursuant to that certain Purchase Agreement by and among the Parent, Charlesbank Bell Xxxrts, Limited Partnership and Brentwood Associates Buyout Fund II, L.P., dated August 17, 1998.
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Senior Discount Notes. The 14 1/8% Series B Senior Secured Discount Notes Due 2006 issued by Gothic and the related indenture, collateral documents and other agreements and instruments in connection therewith.
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Related to Senior Discount Notes

  • Discount Notes If this Note is specified on the face hereof as a “Discount Note”:

  • Subordinated Notes The Subordinated Notes have been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchasers in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, and will constitute legal, valid and binding obligations of the Company and enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

  • Convertible Notes The Convertible Notes are subject to different conversion calculations depending on the event triggering conversion as described in the Notes (e.g., an IPO or other liquidity event). For illustration purposes, assuming the optional conversion right is exercised today, based on the current capitalization and the $50,000,000 assumed valuation specified for an optional conversion in the Notes, there would be 4,705,224 additional shares issued; provided however, that each holder of Notes is subject to a maximum 9.99% ownership of the shares of capital stock of the Company at any one time. This illustration calculation does not account for the 6% interest component.

  • Revolver Notes The Revolver Loans made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Revolver Note to such Lender.

  • Floating Rate Notes If this Note is specified on the face hereof as a “Floating Rate Note”:

  • Notes; Repayment of Loans (a) All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of EXHIBIT B annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit Commitment on such date. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date if such date occurs earlier than the Conversion Date or, subject to the terms and conditions of this Agreement, including, without limitation, that no Default or Event of Default shall then exist, shall be converted to a Term Loan on the Conversion Date. The Term Loan made by a Lender on the Conversion Date shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Conversion Date, in substantially the form of EXHIBIT A annexed hereto, delivered and payable to such Lender in a principal amount equal to its PRO RATA share (based on its Revolving Credit Commitment) of the Revolving Credit Loans being converted on such date; PROVIDED, HOWEVER, that the failure of the Borrowers to deliver Term Notes pursuant to the provisions of this Section shall not affect the liability of the Borrowers to repay the amount of Revolving Credit Loans being converted.

  • Bridge Loans For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

  • Fixed Rate Notes If this Note is specified on the face hereof as a “Fixed Rate Note”:

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