Deep Discount Bonds definition

Deep Discount Bonds means the deep discount bonds issued by Solvecorp pursuant to the DDB Instrument in favour of (i) Bladeland Investments (Scotland) LP with an aggregate subscription price of £119,400,000, (ii) funds managed or advised by Cinven and PAI with an aggregate subscription price of £238,800,000 and (iii) Deutsche Bank AG with an aggregate subscription price of £41,790,000 or such replacement deep discount bonds as may be issued by Solvecorp in the agreed terms and subject to conditions satisfactory to the Agent (acting on the instructions of the Majority Lenders);
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Examples of Deep Discount Bonds in a sentence

  • No Obligor will, and each Obligor will procure that none of its Subsidiaries will, make any repayment of principal of, or payment of interest on, or any other payment with respect to the Deep Discount Bonds or the Nabisco Discounted Notes or the Bonds or any replacement securities issued as permitted under Clause 22.6(p) (Issue of Bonds) save as permitted by the Intercreditor Deed or Clause 22.6(p) (Issue of Bonds).

Related to Deep Discount Bonds

  • BA Discount Proceeds means, in respect of any Bankers' Acceptance, an amount calculated on the applicable Drawdown Date which is (rounded to the nearest full cent, with one-half of one cent being rounded up) equal to the face amount of such Bankers' Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (i) the BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (ii) a fraction, the numerator of which is the term of such Bankers' Acceptance and the denominator of which is 365, which calculated price will be rounded to the nearest multiple of 0.001%.

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).