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 canceled by the Registrar or any Agent in accordance with this Senior Notes Indenture, those delivered to it for cancellation and those described in this Section as not outstanding. Subject to Section 13.05, a Senior Note does not cease to be outstanding because the Issuers or any Affiliate of any Issuer holds the Senior Note. If a Senior Note is replaced pursuant to Section 2.08 (other than a mutilated Senior Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Issuers receive proof satisfactory to them that the replaced Senior Note is held by a protected purchaser. A mutilated Senior Note ceases to be outstanding upon surrender of such Senior Note and replacement thereof pursuant to Section 2.08. If the Trustee or a Paying Agent holds, in accordance with this Senior Notes Indenture, on a redemption date or maturity date money sufficient to pay all principal and interest payable on that date with respect to the Senior Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Senior Notes Indenture, then on and after that date such Senior Notes (or portions thereof) shall cease to be outstanding and interest on them ceases to accrue.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Reynolds Group Holdings LTD), Stock Purchase Agreement (Beverage Packaging Holdings (Luxembourg) IV S.a r.l.), Senior Notes Indenture (RenPac Holdings Inc.)

AutoNDA by SimpleDocs

Outstanding Senior Notes. Senior Notes outstanding at any time are all the Senior Notes that have been authenticated by the Trustee except for those canceled by the Registrar or any Agent in accordance with this Senior Notes Indentureit, those delivered to it for cancellation and those described in this Section as not outstanding. Subject to Section 13.05, a A Senior Note does not cease to be outstanding because Publishing, the Issuers Guarantors or any Affiliate of any Issuer their respective Affiliates holds the Senior Note. If a Senior Note is replaced pursuant to Section 2.08 2.07 (other than a mutilated Senior Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Issuers receive receives proof satisfactory to them it that the replaced Senior Note is held by a protected bona fide purchaser. A mutilated Senior Note ceases to be outstanding upon surrender of such Senior Note and replacement thereof pursuant to Section 2.082.07. If on a Redemption Date or the Trustee or a Maturity Date the Paying Agent holds, in accordance with this Senior Notes Indenture, on a redemption date (other than Parent or maturity date money any of its Subsidiaries or Affiliates) holds U.S. Legal Tender sufficient to pay all of the principal and interest due on the Senior Notes payable on that date with respect to the Senior Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Senior Notes Indenturedate, then on and after that date such Senior Notes (or portions thereofto the extent of the principal amount redeemed, in the case of a partial redemption) shall cease to be outstanding and interest on them ceases to accrue. In determining whether the Holders of the required aggregate principal amount of Senior Notes have made or concurred in any direction, waiver or consent, and for all purposes under Article Ten, Senior Notes owned by Publishing, any Guarantor or any other obligor on the Senior Notes or by any Affiliate of any of them shall be disregarded as though they were not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver, consent or vote, only Senior Notes which a Trust Officer of the Trustee actually knows are so owned shall be so disregarded.

Appears in 1 contract

Samples: Indenture (Golden Books Family Entertainment Inc)

AutoNDA by SimpleDocs

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those canceled by the Registrar or any Agent in accordance with this Senior Notes Indenture, those delivered to it for cancellation and those described in this Section 2.09 as not outstanding. Subject to Section 13.05, a Senior Note does not cease to be outstanding because the Issuers or any Affiliate of any Issuer holds the Senior Note. If a Senior Note is replaced pursuant to Section 2.08 (other than a mutilated Senior Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Issuers receive proof satisfactory to them that the replaced Senior Note is held by a protected purchaser. A mutilated Senior Note ceases to be outstanding upon surrender of such Senior Note and replacement thereof pursuant to Section 2.08. If the Trustee or a Paying Agent holds, in accordance with this Senior Notes Indenture, on a redemption date or maturity date money sufficient to pay all principal and interest payable on that date with respect to the Senior Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Trustee or the no Paying Agent, as the case may be, Agent is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Senior Notes Indenture, then on and after that date such Senior Notes (or portions thereof) shall cease to be outstanding and interest on them ceases to accrue.

Appears in 1 contract

Samples: Stock Purchase Agreement (RenPac Holdings Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.