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.

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.

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.
Holdings will not own or acquire any assets (other than shares of capital stock of the Borrower, cash and Permitted Investments) or incur any liabilities (other than liabilities under the Loan Documents, the Holdings Discount Notes Documents, liabilities imposed by law, including tax liabilities, and other liabilities incidental to its existence and permitted business and activities).
Holdings agrees that the Initial New Holdings Discount Notes shall have (a) terms consistent with those specified in the definition of the term "INITIAL NEW HOLDINGS DISCOUNT NOTES", (b) terms consistent with those specified on Exhibit A to this Amendment and (c) such other terms as may be reasonably satisfactory to the Administrative Agent.
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.
Holdings has the corporate power and ----------------------- authority to issue the Holdings Discount Notes.
On or before the Closing Date, -------------------------------- (a) PCC or Holdings shall have made or caused to be made Qualified Company Equity Contributions in an amount contributed to Company of not less than $80,000,000 in 80 exchange for all of the Company Common Stock, and (b) Holdings shall have contributed to Company, as common equity, not less than $48,300,000 in cash from a portion of the proceeds from the issuance of the Holdings Discount Notes.
Holdings agrees that the Initial New Holdings Discount Notes shall have (a) terms consistent with those specified in the definition of the term “Initial New Ho1dings Discount Notes”, (b) terms consistent with those specified on Exhibit A to this Amendment and (c) such other terms as may be reasonably satisfactory to the Administrative Agent.
On the Business Day of receipt thereof by Holdings or the Borrower, an amount equal to 100% of the Net Offering Proceeds of any subordinated Indebtedness permitted by SECTION 8.2(P) hereof shall be applied as a mandatory repayment of principal of the Term Loans pursuant to the terms of SECTION 4.5(A); PROVIDED, HOWEVER, that Holdings may use 100% of the Net Offering Proceeds of any subordinated Indebtedness to prepay the 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.)

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.

Holdings Discount Notes means that certain 13% Senior Subordinated Note due February 28, 2011 issued by Holdings to BFG on the Effective Date.

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.