Discount Notes. If this Note is specified on the face hereof as a “Discount Note”:
Discount Notes. If this Note is specified on the face hereof as a “Discount Note,” this Note shall bear interest at the rate set forth on the face hereof in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof.
Discount Notes. The deposit targeted for a tranche of Outstanding Discount Notes on each Transfer Date is equal to the amount of accretion of principal of that tranche of Notes from the Monthly Principal Accrual Date in the related Monthly Period (or in the case of the first Transfer Date with respect to any tranche of Notes, from the date of issuance of that tranche of Notes) to but excluding the Monthly Principal Accrual Date for the next month.
Discount Notes. The deposit targeted for a Tranche of Outstanding Discount Notes on each Distribution Date is the amount of accretion of principal of that Tranche of Notes from and including the prior Monthly Principal Accrual Date in the related Monthly Period (or in the case of the first Monthly Principal Accrual Date with respect to any Tranche of Discount Notes, from and including the date of issuance of that Tranche of Notes) to but excluding the first Monthly Principal Accrual Date for the next month.
Discount Notes. If this Note is specified on the face hereof as a "Discount Note":
(i) Principal and Interest. This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the "Discount".
Discount Notes. The Discount Loans owing to each Lender shall be evidenced by a single master promissory note of the Company in the full amount of such Lender's Commitment, substantially in the form of Exhibit E-2 (a "Discount Note") executed and delivered prior to the initial Discount Advance, payable to the order of such Lender and representing from time to time the obligation of the Company to pay the aggregate Face Amount of all Discount Loans then owed to such Lender.
Discount Notes. The 15% Senior Discount Notes due August 1, 2008 in the -------------- aggregate original principal amount of not more than $55,600,000 issued by Holdings and Petro Holdings Financial pursuant to the Discount Notes Indenture and in the form delivered to the Agent prior to the Original Closing Date. Discount Notes Indenture. The Indenture dated on or prior to the Original ------------------------ Closing Date, among Holdings, Petro Holdings Financial and the Trustee, in the form delivered to the Agent on or prior to the Original Closing Date.
Discount Notes. On or before the Closing Date, Company shall -------------- have issued and sold for Cash Discount Notes providing net Cash proceeds to Company of not less than $75,000,000.
Discount Notes. Unless otherwise specified in the applicable terms document, in the case of a tranche of Outstanding Discount Notes (other than any tranche of RSP Notes), the deposit targeted for that tranche of Notes with respect to any Due Period is equal to the amount of accretion of principal of that tranche of Notes from the Monthly Principal Date in that Due Period (or in the case of the first Monthly Principal Date, from the date of issuance of that tranche) to the first Monthly Principal Date after the end of that Due Period, multiplied by the Adjustment Ratio for that tranche as of the last day of such Due Period. Unless an earlier date is determined pursuant to Section 522, these deposits will be made on each Monthly Principal Date for the applicable tranche.
Discount Notes. A Non-Acceptance Lender may require the Borrower to issue a Discount Note to the Non-Acceptance Lender, in lieu of a Draft, and such Non-Acceptance Lender shall, in lieu of accepting and purchasing Acceptances pursuant to Section 4.6 or making BA Equivalent Advances under Section 4.11, purchase Discount Notes upon the same terms and conditions as apply to purchases of Acceptances. For the purposes of this Agreement, each reference to an Acceptance shall be deemed to include, where relevant, a Discount Note, with the necessary changes being made to fit the context.
