Common use of Outstanding Senior Subordinated Notes Clause in Contracts

Outstanding Senior Subordinated Notes. Senior Subordinated Notes outstanding at any time are all Senior Subordinated Notes authenticated by the Senior Subordinated Notes Trustee except for those canceled by it, those delivered to it for cancelation and those described in this Section as not outstanding. A Senior Subordinated Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Senior Subordinated Note. If a Senior Subordinated Note is replaced pursuant to Section 2.08, it ceases to be outstanding unless the Senior Subordinated Notes Trustee and the Company receive proof satisfactory to them that the replaced Senior Subordinated Note is held by a protected purchaser. If the Paying Agent segregates and holds in trust, in accordance with this 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 Subordinated Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Senior Subordinated Noteholders on that date pursuant to the terms of this Indenture, then on and after that date such Senior Subordinated Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue.

Appears in 1 contract

Samples: Indenture (Wesco Distribution Inc)

AutoNDA by SimpleDocs

Outstanding Senior Subordinated Notes. The Senior Subordinated Notes outstanding at any time are all the Senior Subordinated Notes authenticated by the Senior Subordinated Notes Trustee except for those canceled by it, those delivered to it for cancelation and cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, those described in this Section as not outstandingoutstanding and, for purposes of the aggregate principal amount of Senior Subordinated Notes that are required to remain outstanding immediately following a redemption thereof in accordance with Section 3.07(b) hereof, those held by the Company or any Affiliate (except Goldxxx, Xxchx & Xo.). A Except as set forth in Section 2.09 hereof or as otherwise provided in this Section 2.08 with respect to Section 3.07(b), a Senior Subordinated Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Senior Subordinated Note. If a Senior Subordinated Note is replaced pursuant to Section 2.082.07 hereof, it ceases to be outstanding unless the Senior Subordinated Notes Trustee and the Company receive receives proof satisfactory to them it that the replaced Senior Subordinated Note is held by a protected bona fide purchaser. If the principal amount of any Senior Subordinated Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent segregates and holds in trust(other than the Company, in accordance with this Indenturea Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date date, money sufficient to pay all principal and interest Senior Subordinated Notes payable on that date with respect to the Senior Subordinated Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Senior Subordinated Noteholders on that date pursuant to the terms of this Indenturedate, then on and after that date such Senior Subordinated Notes (or portions thereof) shall be deemed to be no longer outstanding and shall cease to be outstanding and interest on them ceases to accrueaccrue interest.

Appears in 1 contract

Samples: Indenture (JCS Realty Corp)

Outstanding Senior Subordinated Notes. The Senior Subordinated Notes outstanding at any time are all the Senior Subordinated Notes authenticated by the Senior Subordinated Notes Note Trustee except for those canceled by it, those delivered to it for cancelation cancellation, those reductions in the interest in a Global Senior Subordinated Note effected by the Senior Subordinated Note Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. A Except as set forth in Section 2.09 hereof, a Senior Subordinated Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Senior Subordinated Note. If a Senior Subordinated Note is replaced pursuant to Section 2.082.07 hereof, it ceases to be outstanding unless the Senior Subordinated Notes Note Trustee and the Company receive receives proof satisfactory to them it that the replaced Senior Subordinated Note is held by a protected bona fide purchaser. If the principal amount of any Senior Subordinated Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent segregates and holds in trust(other than the Company, in accordance with this Indenturea Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date date, money sufficient to pay all principal and interest Senior Subordinated Notes payable on that date with respect to the Senior Subordinated Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Senior Subordinated Noteholders on that date pursuant to the terms of this Indenturedate, then on and after that date such Senior Subordinated Notes (or portions thereof) shall be deemed to be no longer outstanding and shall cease to be outstanding and interest on them ceases to accrueaccrue interest.

Appears in 1 contract

Samples: Senior Subordinated Note Indenture (P&l Coal Holdings Corp)

Outstanding Senior Subordinated Notes. Senior Subordinated Notes outstanding at any time are all Senior Subordinated Notes authenticated by the Senior Subordinated Notes that have been authenticated by the Trustee except for those canceled by it, those delivered to it for cancelation cancellation and those described in this Section 2.08 as not outstanding. A Senior Subordinated Note does not cease to be outstanding because the Company Company, the Guarantors or an Affiliate any of the Company their respective Affiliates holds the Senior Subordinated Note. If a Senior Subordinated Note is replaced pursuant to Section 2.082.07 (other than a mutilated Senior Subordinated Note surrendered for replacement), it ceases to be outstanding unless the Senior Subordinated Notes Trustee and the Company receive receives proof satisfactory to them it that the replaced Senior Subordinated Note is held by a protected bona fide purchaser. A mutilated Senior Subordinated Note ceases to be outstanding upon surrender of such Senior Subordinated Note and replacement thereof pursuant to Section 2.07. If on a Redemption Date or the Maturity Date the Paying Agent segregates and (other than the Company or its Subsidiary or Affiliate) holds in trust, in accordance with this Indenture, on a redemption date or maturity date money U.S. Legal Tender sufficient to pay all of the principal and premium, if any, and interest payable due on that date with respect to the Senior Subordinated Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Senior Subordinated Noteholders payable on that date pursuant to the terms of this Indenturedate, then on and after that date such Senior Subordinated Notes (or portions thereofto the extent of the principal amount redeemed, in the case of a partial redemption) cease to be outstanding and interest on them ceases to accrue.

Appears in 1 contract

Samples: Indenture (Trism Inc /De/)

AutoNDA by SimpleDocs

Outstanding Senior Subordinated Notes. Senior Subordinated Notes outstanding at any time are all Senior Subordinated Notes authenticated by the Senior Subordinated Notes Trustee except for those canceled by itthe Registrar or any Agent in accordance with this Senior Subordinated Notes Indenture, those delivered to it for cancelation cancellation and those described in this Section as not outstanding. A Subject to Section 13.05, a Senior Subordinated Note does not cease to be outstanding because the Company Issuers or an any Affiliate of the Company any Issuer holds the Senior Subordinated Note. If a Senior Subordinated Note is replaced pursuant to Section 2.082.08 (other than a mutilated Senior Subordinated Note surrendered for replacement), it ceases to be outstanding unless the Senior Subordinated Notes Trustee and the Company Issuers receive proof satisfactory to them that the replaced Senior Subordinated Note is held by a protected purchaser. A mutilated Senior Subordinated Note ceases to be outstanding upon surrender of such Senior Subordinated Note and replacement thereof pursuant to Section 2.08. If the Trustee or a Paying Agent segregates and holds in trustholds, in accordance with this Senior Subordinated 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 Subordinated Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Trustee or the Paying Agent Agent, as the case may be, is not prohibited from paying such money to the Senior Subordinated Noteholders Holders on that date pursuant to the terms of this Senior Subordinated Notes Indenture, then on and after that date such Senior Subordinated Notes (or portions thereof) shall cease to be outstanding and interest on them ceases to accrue.

Appears in 1 contract

Samples: Indenture (Reynolds Group Holdings LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!