Holdings Discount Debentures definition

Holdings Discount Debentures has the meaning assigned to such term in the recitals to this Agreement and shall also include any notes evidencing such Indebtedness incurred to refinance the Holdings Discount Debentures to the extent permitted under subsection 7.1(viii).
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Holdings Discount Debentures as defined in the recitals hereto.
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Holdings Discount Debentures means the discount debentures issued by Holdings in connection with the Acquisitions pursuant to the Holdings Discount Indenture for gross cash proceeds of not less than $25,000,000 in accordance with Section 4.02(p) or 4.03(o), as applicable.
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Examples of Holdings Discount Debentures in a sentence

  • Notwithstanding anything to the contrary contained in this Agreement, prior to June 30, 2004, (i) the Borrower may optionally redeem the Existing Senior Subordinated Notes in accordance with the terms thereof and (ii) Holdings may optionally redeem the Existing Holdings Discount Debentures in accordance with the terms thereof, and in each case, make all required payments to the holders thereof in accordance with such redemption.

  • On or prior to the Closing ---------------------------------------- Date, Holdings shall have issued the Holdings Discount Debentures and shall have received at least $45,105,480 in gross proceeds therefrom (such gross cash proceeds, together with the gross cash proceeds of the Holdings Preferred Stock, the "EQUITY CONTRIBUTIONS").

  • Relating to Subordinated Indebtedness, Holdings Discount Debentures and Holdings Preferred Stock; Amendment to Recapitalization Agreement......................

  • The Obligations constitute "Senior Indebtedness" of the Borrower under and as defined in the Senior Subordinated Note Indenture and the Holdings Discount Debentures Indenture.

  • Notwithstanding the foregoing, Holdings may refinance the Holdings Discount Debentures upon terms no less favorable to the Lenders than the terms set forth in the Holdings Debentures Indenture on the Closing Date so long as any Indebtedness incurred by Holdings to refinance the Holdings Discount Debentures has no scheduled principal payments prior to the final maturity of the Loans hereunder and requires no cash payments of interest prior to August 15, 2003.

  • Company shall have delivered to Agents a fully executed or conformed copy of the Holdings Discount Debentures Indenture and a copy of the Holdings Discount Debentures Material.

  • The terms and conditions of the Holdings Discount Debentures shall be substantially as described in the Holdings Discount Debentures Material and shall be satisfactory in form and substance to Syndication Agent and Arranger; provided that in any event the Holdings Discount -------- Debentures shall be unsecured and shall not mature or provide for or require any payments of accrued interest thereon or accreted value thereof prior to the fifth anniversary of the Closing Date.

  • The obligations of each Guarantor under the Guarantee and Collateral Agreement constitute "Guarantor Senior Indebtedness" of such Guarantor under and as defined in the Senior Subordinated Note Indenture and the Holdings Discount Debentures Indenture.

  • Holdings has the ---------------------------- corporate power and authority to issue the Holdings Discount Debentures.

  • Neither Holdings nor any of its Subsidiaries will agree to any material amendment to, or waive any of its material rights under, any Existing Agreement or any Related Agreement (other than any Related Agreement evidencing or governing the Holdings Discount Debentures, the Senior Notes or any Subordinated Indebtedness) after the Effective Date without in each case obtaining the prior written consent of Requisite Lenders to such amendment or waiver.


More Definitions of Holdings Discount Debentures

Holdings Discount Debentures the 10 3/4% Senior Discount Debentures of Holdings due 2009 and issued pursuant to the Holdings Discount Debentures Indenture.
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Holdings Discount Debentures means the 13-5/8% Senior Discount Debentures due 2005 issued by Holdings with an initial accreted value of not less than $100,000,000 and an aggregate face amount at maturity of $193,363,570, as such debentures may be amended from time to time to the extent permitted under subsection 7.15B. 28 "HOLDINGS GUARANTY" means the Obligations of Holdings set forth in Section 9 hereof guaranteeing the Obligations of Company under the Loan Documents and under Interest Rate Agreements relating thereto.
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Holdings Discount Debentures means the $52,204,000 aggregate principal amount at maturity of 15% of Senior Discount Debentures due 2011 of Holdings issued pursuant to the Holdings Discount Debenture Indenture.
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Related to Holdings Discount Debentures

  • Senior Discount Notes means the Company's 10 1/2% Senior Discount Notes --------------------- due March 1, 2007.

  • Original Issue Discount Debt Security means any Debt Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01.

  • Discount Notes means the Company's 14-3/4% Senior Discount Notes due 2010.

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

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

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

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

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Preferred Shares.

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

  • Schedule of Discount Fractions The schedule setting forth the Discount Fractions with respect to the Discount Mortgage Loans, attached as an exhibit to the Series Supplement.

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

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

  • Resale Discount means the applicable discount off retail rates applied to AT&T-21STATE Telecommunications Services resold by CLEC to its End Users. Any change to the rates, terms and conditions of any applicable retail Tariff is automatically incorporated herein and is effective hereunder on the date any such change is effective.

  • PO Formula Principal Amount As to any Distribution Date, the sum of the applicable PO Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each Mortgage Loan on the related Due Date, (b) the Stated Principal Balance of each Mortgage Loan that was repurchased by the Seller or the Master Servicer pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the month preceding the calendar month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received during the month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received during the related Prepayment Period.

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

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Non-Discount Mortgage Loan Any Mortgage Loan with an Adjusted Net Mortgage Rate that is greater than or equal to the Required Coupon.

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

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

  • Non-PO Formula Principal Amount As to any Distribution Date, the sum of (i) the sum of the applicable Non-PO Percentage of (a) all monthly payments of principal due on each Mortgage Loan on the related Due Date, (b) the principal portion of the purchase price of each Mortgage Loan that was repurchased by the Seller pursuant to this Agreement as of such Distribution Date, excluding any Mortgage Loan that was repurchased due to a modification of the Mortgage Rate, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (f) all partial and full Principal Prepayments received during the related Prepayment Period and (ii) (A) any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date, or (B) with respect to Subsequent Recoveries attributable to a Discount Mortgage Loan that incurred (1) an Excess Loss or (2) a Realized Loss after the Senior Credit Support Depletion Date, the Non-PO Percentage of any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date.

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