Holdings Discount Notes definition

Holdings Discount Notes the 11% Senior Discount Notes of Holdings due 2013 and issued pursuant to the Holdings Discount Notes Indenture.
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Holdings Discount Notes means discount notes of Holdings (a) that are issued on a single date that is after the Effective Date, (b) with an initial aggregate accreted value of up to $25,000,000, (c) with respect to which no cash interest shall be payable until the fifth anniversary of issuance and cash interest shall be payable semi-annually after such fifth anniversary, (d) that mature no earlier than the tenth anniversary of issuance and do not require any amortization or other required redemption or repayment prior to maturity (other than redemption on the fifth anniversary of issuance of a portion of such discount notes not exceeding the Holdings Discount Notes Redemption Amount at a redemption price of 100% of the principal amount so redeemed), (e) that are not Guaranteed by the Borrower or any Subsidiary, (f) the Net Proceeds of the issuance of which are contributed as common equity to the Borrower and (g) that have such other terms and conditions (including with respect to covenants and events of default) that (i) are customary for high-yield discount notes issued by holding companies and (ii) are approved by the Administrative Agent.
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Holdings Discount Notes means Holdings' 10-3/4% Senior Discount Notes due 2009 issued pursuant to the Holdings Discount Note Indenture and any notes issued by Holdings and CapCo II in exchange for, and as contemplated by, the Holdings Discount Notes with substantially identical terms as the Holdings Discount Notes.
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Examples of Holdings Discount Notes in a sentence

  • Notwithstanding the foregoing, Holdings may refinance the Holdings Discount Notes to the extent permitted by Sections 7.2 and 7.8.

  • Notwithstanding the foregoing, Holdings may refinance the Holdings Discount Notes to the extent permitted by Sections 7.2 and 7.9.

  • The Aggregate Initial Accreted Value will reflect a discount from the aggregate stated principal amount of the Intermediate Holdings Discount Notes at maturity, and the Original Discount Notes will accrete in value from Aggregate Initial Accreted Value until June 30, 2003 at a rate per annum of 13 1/2%, compounded semiannually, to an aggregate principal amount at June 30, 2003 of $66,809,539.40.

  • The Administrative Agent shall notify each of the US Borrower and Holdings promptly of its satisfaction with the forms of the New Holdings Discount Notes Documents as provided in clause (c) of the foregoing sentence.

  • Section 7.14 of the Credit Agreement is hereby amended by deleting the word “and” after clause (xiii) thereof and inserting the phrase “, (xv) the New Holdings Discount Notes Documents and (xvi) the Permitted Holdings Refinancing Documents” at the end of such Section before the period.

  • The Holdings Discount Notes, either (a) have been registered or qualified under applicable federal and state securities laws or (b) are exempt therefrom.

  • Section 7.14 of the Credit Agreement is hereby amended by deleting the word "and" after clause (xiii) thereof and inserting the phrase ", (xv) the New Holdings Discount Notes Documents and (xvi) the Permitted Holdings Refinancing Documents" at the end of such Section before the period.

  • The Lenders hereby waive any noncompliance that might arise under Sections 7.17 and 8(l) in connection with the issuance by Holdings of the 2002 Holdings Discount Notes or the Holdings Refinancing Indebtedness, including the payment of all fees and expenses in connection therewith (including any guarantee fee payable to the Sponsor in respect of its guarantee of the 2002 Holdings Discount Notes).

  • The Administrative Agent shall have received a certificate of a Responsible Officer of Holdings, dated the Effective Date, outlining the sources and amounts which Holdings plans to utilize, together with the proceeds of the Tranche B Term Loans, to effect the Holdings Discount Notes Refinancing.

  • All Indebtedness of Borrower to Administrative Agent or to the Lenders under the Loan Documents constitutes Indebtedness which is senior in priority of payment to the Senior Subordinated Notes and Holdings Discount Notes.


More Definitions of Holdings Discount Notes

Holdings Discount Notes. Holdings's 10% Discount Notes due 2008 issued on the Closing Date (and shall include any substantially identical deferred interest senior unsecured notes of Holdings in the same aggregate principal amount issued after the Closing Date in exchange therefor pursuant to a registered exchange offer or shelf registration statement in accordance with the Holdings Discount Notes Indenture.)
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Holdings Discount Notes means that certain 13% Senior Subordinated Note due February 28, 2011 issued by Holdings to BFG on the Effective Date.
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Holdings Discount Notes means Holdings' $338.4 million 9 1/4% Senior Discount Notes due 2015, as in effect on the Closing Date and as the same may be exchanged, modified, supplemented, restate and/or amended from time to time in accordance with the terms hereof and thereof.
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Holdings Discount Notes means the $153,400,000 in aggregate principal amount at maturity of 13 1/2% senior secured discount notes due 2007 of Holdings issued pursuant to the Holdings Discount Note Indenture for gross proceeds of approximately $80,000,000.
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Related to Holdings Discount Notes

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

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

  • Discount Note means any Note that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02.

  • 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).

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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).

  • 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).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • 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:

  • 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.

  • 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.

  • 2022 Notes means the Borrower’s 5.00% Convertible Senior Notes due 2022.

  • Original Issue Discount Note means a Note which has a stated redemption price at the Stated Maturity Date that exceeds its Issue Price by more than a specified de minimis amount and which the Supplement indicates will be an “Original Issue Discount Note”.

  • 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.

  • 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).

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

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

  • Principal Debt means, at any time, the unpaid principal balance of all Borrowings.

  • 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.