Applicable Notes definition
Examples of Applicable Notes in a sentence
To the extent that the aggregate principal amount or accreted value, as the case may be, of Senior Notes, Applicable Notes and Other Qualified Notes tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Company may use such deficiency for general corporate purposes.
For purposes of the Agreement, our notice details are as follows: In consideration of the Company appointing us as an Agent in respect of $ aggregate principal amount of [Title of Notes] (the “Applicable Notes”) under the Agreement, we hereby agree, for the benefit of the Company and each of the other Agents, that all of the terms and conditions (including commission and discount rates) of the Agreement apply in relation to the Applicable Notes.
The Trustee shall be obligated to act only upon receipt of full and adequate indemnification from Noteholders of the Applicable Notes for any and all costs and liabilities that may result from exercise of such remedies prior to undertaking any thereof.
Within ninety (90) days after the occurrence of any default hereunder with respect to the Applicable Notes, the Trustee shall transmit in the manner and to the extent provided in Section 313(c) of the TIA notice of such default hereunder known to the Trustee, unless such default shall have been cured or waived.
To the extent that the aggregate principal amount or accreted value, as the case may be, of Notes and Other Qualified Notes tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, if any, remaining after the consummation of the aforementioned Asset Sale Offer to the holders of the Applicable Notes, the Company may use such deficiency for general corporate purposes.
Upon completion of such offers to purchase each of the Applicable Notes and the Notes and the Other Qualified Notes, the amount of Excess Proceeds will be reset at zero.
No such Asset Sale Offer to purchase the Notes and Other Qualified Notes shall be required to be made by the Company pursuant to the foregoing provisions if there are no Excess Proceeds remaining after the consummation of the Asset Sale Offer made to holders of the Applicable Notes.
Pending final application of any such Net Proceeds, the Company may temporarily reduce revolving credit borrowings or otherwise invest such Net Proceeds in any manner that is not prohibited by this Indenture or the indentures for the Applicable Notes or the Other Qualified Notes.
For the purpose of this Section 7.05, the term "default" means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the Applicable Notes.
In the event that any Existing Buyer shall sell or otherwise transfer any of such Existing Buyer’s Applicable Notes, the transferee shall be allocated a pro rata portion of such Existing Buyer’s Exchange Cap Allocation with respect to such portion of such Applicable Notes so transferred, and the restrictions of the prior sentence shall apply to such transferee with respect to the portion of the Exchange Cap Allocation so allocated to such transferee.