Common use of Outstanding Senior Notes Clause in Contracts

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 as not outstanding. If a Senior Note is replaced pursuant to Section 2.7, it ceases to be outstanding until the Company and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide purchaser in whose hands such obligation is a legal, valid and binding obligation of the Company. If a Paying Agent holds on a Redemption Date or Maturity Date money sufficient to pay the principal of, premium, if any, and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease to accrue. Subject to Section 12.6, a Senior Note does not cease to be outstanding solely because the Company or an Affiliate holds the Senior Note.

Appears in 5 contracts

Samples: Indenture (Genesis Health Ventures Inc /Pa), Indenture (Genesis Health Ventures Inc /Pa), Indenture (Mariner Post Acute Network Inc)

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Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 as not outstanding. If a Senior Note is replaced pursuant to Section 2.7, it ceases such Senior Note that has been replaced will cease to be outstanding until the Company Issuers and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide purchaser in whose hands such obligation is a legal, valid and binding obligation of the CompanyIssuers. If a Paying Agent holds on a Redemption Date or Maturity Date money sufficient to pay the principal of, premium, if any, and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease to accrue. Subject to Section 12.6, a Senior Note does not cease to be outstanding solely because the Company Issuers or an Affiliate holds the Senior Note.

Appears in 3 contracts

Samples: Indenture (Superior Essex Inc), Indenture (Essex Group Inc), Indenture (Superior Telecommunications Inc)

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 as not outstanding. If a Senior Note is replaced pursuant to Section 2.7, it ceases to be outstanding until the Company and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide purchaser in whose hands such obligation is a legal, valid and binding obligation of the Company. If a Paying Agent holds on a Redemption Date or Maturity Date money sufficient to pay the principal of, premium, if any, and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease ceases to accrue. Subject to Section 12.611.6, a Senior Note does not cease to be outstanding solely because the Company or an Affiliate holds the Senior Note.

Appears in 1 contract

Samples: Indenture (Unison Healthcare Corp)

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 as not outstanding. If a Senior Note is replaced pursuant to Section 2.7, it ceases to be outstanding until the Company and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide purchaser in whose hands such obligation is a legal, valid and binding obligation of the Company. If a Paying Agent holds on a Redemption Date or Maturity Date money sufficient to pay the principal of, premium, if any, and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease ceases to accrue. Subject to Section 12.6, a Senior Note does not cease to be outstanding solely because the Company or an Affiliate holds the Senior Note.

Appears in 1 contract

Samples: Indenture (Raintree Healthcare Corp)

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 2.08 as not outstanding. If a Senior Note is replaced pursuant to Section 2.72.07, it ceases to be outstanding until the Company and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide purchaser in whose hands such obligation is a legal, valid and binding obligation of the Company. If a Paying Agent holds on a Redemption Date or Maturity Date money sufficient to pay the principal of, premium, if any, and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease ceases to accrue. Subject to Section 12.611.06, a Senior Note does not cease to be outstanding solely because the Company or an Affiliate holds the Senior Note.

Appears in 1 contract

Samples: Indenture (Unison Healthcare Corp)

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Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 as not outstanding. If a Senior Note is replaced pursuant to Section 2.7, it ceases such Senior Note that has been replaced will cease to be outstanding until the Company Issuer and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide protected purchaser in whose hands such obligation is a legal, valid and binding obligation of the CompanyIssuer. If a Paying Agent holds on a Redemption Date or the Maturity Date money sufficient to pay the principal of, premium, if any, of and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease to accrue. Subject to Section 12.610.6, a Senior Note does not cease to be outstanding solely because the Company Issuer or an Affiliate holds the Senior Note.

Appears in 1 contract

Samples: Indenture (Franks Nursery & Crafts Inc)

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 as not outstanding. If a Senior Note is replaced pursuant to Section 2.7, it ceases such Senior Note that has been replaced will cease to be outstanding until the Company and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide purchaser in whose hands such obligation is a legal, valid and binding obligation of the Company. If a Paying Agent holds on a Redemption Date or Maturity Date money sufficient to pay the principal of, premium, if any, and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease to accrue. Subject to Section 12.6, a Senior Note does not cease to be outstanding solely because the Company or an Affiliate holds the Senior Note.

Appears in 1 contract

Samples: Indenture (Superior Telecommunications Inc)

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section 2.8 as not outstanding. If a Senior Note is replaced pursuant to Section 2.7, it ceases to be outstanding until the Company and the Trustee receive proof satisfactory to each of them that the replaced Senior Note is held by a bona fide purchaser in whose hands such obligation is a legal, valid and binding obligation of the Company. If a Paying Agent holds on a Redemption Date or Maturity Date money sufficient to pay the principal of, premium, if any, and all accrued interest with respect to Senior Notes payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Senior Notes shall cease to be outstanding and interest on them shall cease to accrue. Subject to Section 12.613.6, a Senior Note does not cease to be outstanding solely because the Company or an Affiliate holds the Senior Note.

Appears in 1 contract

Samples: Indenture (Genesis Health Ventures Inc /Pa)

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