Senior Secured Increasing Rate Note due 2007 Sample Clauses

Senior Secured Increasing Rate Note due 2007. Viatel Holding (Bermuda) Limited, a company organized under the laws of Bermuda (or its successor, the “Company”), hereby unconditionally promises to pay to the order of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. Incorporated (the “Holder”), a company incorporated in Delaware, the principal amount of [________________________] U.S. Dollars (U.S.$[__________]), on July 1, 2007 (the “Maturity Date”), and to pay interest at the time, in the form and at the rate set forth herein. Certain capitalized terms used herein without definition shall have the meanings assigned to them in Article 9 hereof. This Note is issued in accordance with and subject to the following terms and conditions: