High Yield Financing definition

High Yield Financing has the meaning ascribed thereto in Section 5.3

High Yield Financing means the 14% senior discount notes of the Company due 2010 and the accompanying warrants exercisable for Common Stock issued by the Company as described in the Company's offering memorandum dated July 10, 2000.

High Yield Financing means the issuance of high-yield securities yielding net proceeds to the Company (after the setting aside of cash to prefund interest and the payment of fees, expenses and other costs associated with such issuance) of up to $125,000,000, such securities to be secured by the Satellite Insurance, the terms and conditions of which insurance are summarized in Exhibit 5.5 to the Recap Agreement, for the purpose of funding the Company's operations through successful launch and commercially viable operation of each of QuickBird 1 and QuickBird 2, or any successor to such satellite.

Examples of High Yield Financing in a sentence

• As promptly as practicable following the date hereof, Buyer shall use its commercially reasonable efforts to raise gross cash proceeds of $200 million from an offering of its unsecured senior subordinated debt securities (the "High Yield Financing") upon such terms and conditions as may be specified by the Initial Lenders pursuant to the Financing Agreements.

• There are no terms or conditions relating to the funding of the Financing, other than (i) as set forth or referred to in the Financing Commitments, (ii) the terms and conditions relating to fees to be paid, fee credits, “market flex”, interest rate caps and securities demands in connection therewith, and (iii) the terms and conditions set forth in the engagement letter executed in connection with the High Yield Financing.

• The High Yield Financing, the Senior Credit Facility and the transactions contemplated thereby have been authorized by the Board of Directors of the Company and/or, if applicable, its Subsidiaries.

• It is also currently contemplated that the Partnership may enter into additional financing arrangements (e.g., a high yield debt offering) at the Closing to refinance any portion of the AT&T Permitted Debt and the Insight Permitted Debt and Existing Bank Debt to be refinanced in connection with the Closing that is not refinanced by the New Credit Agreement (the "Partnership High Yield Financing").

• The Offering Memorandum dated July 10, ------------------- 2000 of the Company with respect to the High Yield Financing does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading.

More Definitions of High Yield Financing

High Yield Financing means (a) either an offering of Senior Notes by UK4 and Preferred Stock by UK4 or borrowings under the Interim Facilities by UK 4 and (b) any offering of Senior Notes by UK 4 and Preferred Stock by UK4 to refinance borrowings under the Interim Facilities, in relation to the financing or refinancing of the Acquisition;

High Yield Financing shall have the meaning given such term in Section 3.1 of the Agreement.

High Yield Financing means the issuance of the Senior Notes and -------------------- the Warrants in accordance with the Offering Memorandum dated July 10, 2000 of the Company.

High Yield Financing means the issuance of high-yield -------------------- securities yielding net proceeds to the Corporation (after the setting aside of cash to preferred interest and the payment of fees, expenses and other costs associated with such issuance) of up to $125,000,000, such securities to be secured by the Satellite Insurance, the terms and conditions of which insurance are summarized in Exhibit 5.5 to the Recap Agreement, for the purpose of funding the Corporation's operations through successful launch and commercially viable operation of each of QuickBird 1 and QuickBird 2, or any successor to such satellite.

High Yield Financing has the meaning ascribed thereto in section 0;

High Yield Financing means the issuance of the high yield securities described in the Commitment Letter.

High Yield Financing the meaning set forth in Section 3.5. HSR Act: the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder.