High Yield Financing definition

High Yield Financing has the meaning set forth in Section 3.5.

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 hereto, for the purpose of funding the Company's operations through successful launch and operation of each of QuickBird I 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.

• 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.

• 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.

• The High Yield Financing Documents and the Senior Credit Facility constitute valid, binding and enforceable obligations of the Company, and, if applicable, its Subsidiaries, and, to the knowledge of the Company, the other parties party thereto, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors' rights generally and limitations on the availability of equitable remedies.

• Cary Statement, at 12 (“Competition takes the form of expenditures in R&D designed to differentiate the product from those of rivals and to increase the value of the product in terms of enhanced produc- tivity for customers.

More Definitions of High Yield Financing

High Yield Financing means Two Hundred Million Dollars ($200,000,000) of Sovereign's 10.25% Senior Notes due 2004, Five Hundred Million Dollars ($500,000,000) of Sovereign's 10.50% Senior Notes due 2006 and the Five Hundred Million Dollars ($500,000,000) available to Sovereign pursuant to a senior credit facility issued to Sovereign on December 16, 1999.

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.

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 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 has the meaning ascribed thereto in section 0;

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 high yield securities described in the Commitment Letter.