Cash Pay Securities definition

Cash Pay Securities has the meaning given to it in the Senior Facility Agreement.
View Source
Cash Pay Securities means Securities following their conversion pursuant to Section 10.01.
View Source
Cash Pay Securities means (i) the 2012 Senior Cash Pay Notes, (ii) 2015 Senior Subordinated Cash Pay Notes and (iii) any SEC registered debt securities issued by Smurfit Kappa Funding plc for which any of the foregoing debt securities are exchanged.
View Source

Examples of Cash Pay Securities in a sentence

  • The Obligors and the Lenders agree not to amend the definition of “Securities Permitted Payments” in the Senior Facility Agreement (save to correct ambiguity or manifest error) without the written consent of Smurfit Kappa Funding and the Bond Trustee if any amount is outstanding under the Cash Pay Securities.

  • Securities authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Securities to Cash Pay Securities.

  • If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of the Issue Price plus accrued Original Issue Discount and any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) on the Securities or to enforce the performance of any provision of the Securities or this Indenture.

  • Upon such a declaration, such Issue Price plus accrued Original Issue Discount and any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) shall be due and payable immediately.

  • The Securities shall not bear periodic interest, except (i) for contingent interest payable in six month periods commencing on January 28, 2007 subject to the conditions contained in paragraph 11 of the Securities, and (ii) in the event the Securities are converted to Cash Pay Securities pursuant to Article 10 hereof.

  • The Securities shall not bear periodic interest, except (i) for contingent interest payable in six month periods commencing on January 28, 2007 subject to the conditions contained in paragraph 10 of the Securities, and (ii) in the event the Securities are converted to Cash Pay Securities pursuant to Article 10 hereof.

  • If an Event of Default specified in Section 6.01(7) or (8) occurs and is continuing, the Issue Price plus accrued Original Issue Discount and any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) on all the Securities shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Securityholders.

  • If an Event of Default specified in Section 6.01(7) or (8) occurs and is continuing, the Issue Price plus accrued ---- Original Issue Discount and any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) on all the Securities shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Securityholders.

  • The Obligors and the Lenders agree not to amend the definition of “Securities Permitted Payments” in the Senior Facility Agreement (save to correct ambiguity or manifest error) without the written consent of JSG Funding and the Bond Trustee if any amount is outstanding under the Cash Pay Securities.