First Out Notes definition

First Out Notes means collectively, the UK Term Notes and the US Term Notes.
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First Out Notes collectively, the First Out Senior Notes and the First Out Subordinated Notes.
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First Out Notes has the meaning set forth in Section 2.1(b).
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Examples of First Out Notes in a sentence

  • Each Last Out Note Holder acknowledges and agrees that because of their differing rights in proceeds of the Collateral, the Obligations in respect of the Fourth Tranche US Last Out Term Notes are fundamentally different from the Obligations in respect of the First Out Notes and must be separately classified in any plan of reorganization proposed or confirmed in any Insolvency Proceeding involving any Borrower or other Credit Party as a debtor.

  • Such signature shall be conclusive evidence that the Note has been authenticated under this Indenture.The aggregate principal amount of the First Out Notes which may be authenticated and delivered under this Indenture is $20 million, and the aggregate principal amount of the Last Out Notes and Additional Notes which may be authenticated and delivered under this Indenture is, subject to the terms of the Intercreditor Agreement, unlimited.

  • Notwithstanding anything to the contrary set forth herein, (i) the aggregate principal amount of all Notes sold and issued to all Purchasers in all Closings shall not, in any event, exceed Two Hundred Million Dollars ($200,000,000) (the “Maximum Amount”) and (ii) the aggregate principal amount of all First Out Notes (inclusive of First Out Subordinated Notes) sold and issued to First Out Purchasers shall not exceed $46,333,334.

  • Within 30 Business Days after the occurrence of a Change of Control, the Issuer shall redeem all of the First Out Notes at a redemption price equal to 100% of the principal amount of First Out Notes to be redeemed, plus accrued and unpaid interest thereon to the redemption date and all of the Last Out Notes and Additional Notes at a redemption price equal to 101% of the principal amount of Last Out Notes and Additional Notes to be redeemed, plus accrued and unpaid interest thereon to the redemption date.

  • To the extent the Issuer is required to redeem Notes pursuant to this Section 3.08, no Last Out Notes or Additional Notes may be redeemed pursuant to this Section 3.08 until all First Out Notes have been discharged or are otherwise no longer outstanding.

  • To the extent the Issuer is required to redeem Notes pursuant to this Section 3.08 and is also required to redeem Second Lien Notes pursuant to similar redemption provisions in the Second Lien Indenture, any funds deposited with the Trustee shall first be applied to redeem the First Out Notes in full in accordance with paragraph (d) above, then to redeem the Last Out Notes and Additional Notes in full before any such funds are applied to redeem any Second Lien Notes.

  • This BL FF First Out Note is one of a series of BL FF First Out Notes of like tenor issued pursuant to the Agreement.

  • First Out Notes issued in global form shall be substantially in the form of Exhibit A-1 and Last Out Notes and Additional Notes issued in global form shall be substantially in the form of Exhibit A-2 (and, in each case, shall include the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto).

  • First Out Notes in Global Form.The Issuer shall use commercially reasonable efforts (i) to cause the First Out Notes to be issued in global form and (ii) to obtain a separate CUSIP number with respect to the First Out Notes, in each case within 30 days of the Restatement Date.ARTICLE FOURB.

  • The Holders shall have received a copy of an opinion addressed to the board of directors of the Issuer in form and substance reasonably satisfactory to the Holders, as to the fairness from a financial point of view issued by Duff & Phelps, to the Obligors of the issuance of the $120 million of Notes, comprised of $20 million of First Out Notes and $100 million of Last Out Notes to the Holders pursuant to this Indenture.


More Definitions of First Out Notes

First Out Notes means collectively, the UK Term Notes and the US Term Notes. “First Out Purchase Price” has the meaning set forth in Section 13.21(b).
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First Out Notes the FF Ventures First Out Notes, BL FF First Out Notes, and any additional Notes issued after the Second A&R Date (or any First Out Notes issued in replacement thereof) pursuant to Section 2.1.1 of this Agreement (other than pursuant to Section 2.1.1(e)).
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Related to First Out Notes

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Convertible Notes has the meaning set forth in the Recitals.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Term Notes means the promissory notes of the Borrower in favor of each of the Lenders evidencing the portion of the Term Loan provided pursuant to Section 2.2(d), individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.

  • Seller Notes means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred or contingent obligation.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • B Notes means each of Note B-1 and Note B-2.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Note Amount means, with respect to any Payment Date, the aggregate outstanding principal amount of the Notes after giving effect to payments of principal made on the Notes on such Payment Date.

  • Anticipation Notes means the following Municipal Bonds: revenue anticipation notes, tax anticipation notes, tax and revenue anticipation notes, grant anticipation notes and bond anticipation notes.

  • Convertible Note Indenture means the Indenture dated as of February 21, 2014 between Emergent and the Convertible Note Trustee pursuant to which the Convertible Notes were issued.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • Series B Equipment Notes means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture and the other transaction documents referred to therein (including the related guarantee, the notes and the notes purchase agreement).

  • Revolving Notes means the promissory notes of the Borrower in favor of each of the Lenders evidencing the Revolving Loans provided pursuant to Section 2.1(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.