Common use of ORIGINAL ISSUE DISCOUNT SECURITIES Clause in Contracts

ORIGINAL ISSUE DISCOUNT SECURITIES. The term "Original Issue Discount Securities" shall mean any Securities that are initially sold at a discount from the principal amount thereof and that provide upon an Event of Default for declaration of an amount less than the principal amount thereof to be due and payable upon acceleration thereof.

Appears in 4 contracts

Samples: Indenture (Visteon Corp), Indenture (Visteon Corp), Indenture (Visteon Corp)

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