Common use of DESCRIPTION OF OUTSTANDING NOTES Clause in Contracts

DESCRIPTION OF OUTSTANDING NOTES. The Company currently has outstanding $44,800,000 in aggregate unpaid principal amount of its 7.99% Senior Notes due July 1, 2001 (collectively, as in effect immediately prior to the effective date of this Second Amendment, the "Original Notes", and as amended hereby, the "First Amended and Restated Notes") which it issued pursuant to the separate Note Purchase Agreements, each dated as of August 1, 1996 (collectively, as amended by the First Amendment to Note Purchase Agreement dated as of December 12, 1997, the "Agreement"), entered into by the Company with each of the original holders of the Notes listed on Annex 1 thereto, respectively. Terms used herein but not otherwise defined herein shall have the meanings assigned thereto in the Agreement, as amended hereby.

Appears in 1 contract

Samples: Note Purchase Agreement (Credit Acceptance Corporation)

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DESCRIPTION OF OUTSTANDING NOTES. The Company currently has outstanding $44,800,000 71,750,000 in aggregate unpaid principal amount of its 7.997.77% Senior Notes due July October 1, 2001 (collectively, as in effect immediately prior to the effective date of this Second Amendment, the "Original Notes", and as amended hereby, the "First Amended and Restated Notes") which it issued pursuant to the separate Note Purchase Agreements, each dated as of August 1March 25, 1996 1997 (collectively, as amended by the First Amendment to Note Purchase Agreement dated as of December 12, 1997, the "Agreement"), entered into by the Company with each of the original holders of the Notes listed on Annex 1 thereto, respectively. Terms used herein but not otherwise defined herein shall have the meanings assigned thereto in the Agreement, as amended hereby.

Appears in 1 contract

Samples: Note Purchase Agreement (Credit Acceptance Corporation)

DESCRIPTION OF OUTSTANDING NOTES. The Company currently has outstanding $44,800,000 _________ in aggregate unpaid principal amount of its 7.99First Amended and Restated 8.24% Senior Notes due July 1, 2001 (collectively, as in effect immediately prior to the effective date of this Second Amendment, the "Original Notes", and as amended hereby, the "First Amended and Restated Notes") which it issued pursuant to the separate Note Purchase Agreements, each dated as of August 1, 1996 (collectively, as amended by the First Amendment to Note Purchase Agreement dated as of December 12, 19971997 and the Second Amendment to Note Purchase Agreement, dated as of July 1, 1998, the "Agreement"), entered into by the Company with each of the original holders of the Notes listed on Annex 1 thereto, respectively. Terms used herein but not otherwise defined herein shall have the meanings assigned thereto in the Agreement, as amended hereby.

Appears in 1 contract

Samples: Note Purchase Agreement (Credit Acceptance Corporation)

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DESCRIPTION OF OUTSTANDING NOTES. The Company currently has outstanding $44,800,000 _________ in aggregate unpaid principal amount of its 7.99First Amended and Restated 8.02% Senior Notes due July October 1, 2001 (collectively, as in effect immediately prior to the effective date of this Second Amendment, the "Original Notes", and as amended hereby, the "First Amended and Restated Notes") which it issued pursuant to the separate Note Purchase Agreements, each dated as of August 1March 25, 1996 1997 (collectively, as amended by the First Amendment to Note Purchase Agreement dated as of December 12, 19971997 and the Second Amendment to Note Purchase Agreement, dated as of July 1, 1998, the "Agreement"), entered into by the Company with each of the original holders of the Notes listed on Annex 1 thereto, respectively. Terms used herein but not otherwise defined herein shall have the meanings assigned thereto in the Agreement, as amended hereby.

Appears in 1 contract

Samples: Note Purchase Agreement (Credit Acceptance Corporation)

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