Holdings Note definition
Examples of Holdings Note in a sentence
The Borrower has delivered to the Administrative Agent a complete and correct copy of the Senior Note Documents, the Holdings Note Documents, the Senior Subordinated Note Documents and the Permitted Sponsor Subordinated Debt Agreements, if any, and in each case, any amendments, supplements or modifications with respect to any of the foregoing.
In consideration for the sale and transfer of the Shares, and upon the terms and subject to the conditions of this Agreement, at the Closing, Buyer shall pay, or cause to be paid, to Holdings (or an Affiliate of Holdings designated by Holdings) an aggregate amount in cash equal to (x) $5,600,000,000 minus (y) the principal amount of and all accrued and unpaid interest on the Holdings Note (the “Purchase Price”).
Company shall not, nor shall it permit Holdings or any of its Subsidiaries to, amend or otherwise change or supplement the terms of any Holdings Note Document.
The Holdings Note and the Holdings Securities constitute all of the interests, rights or ownership of Holdings in any equity or debt securities or debt instruments of the Company other than 405,276 shares of Common Stock.
Luxembourg Holdings will contribute the LuxFinCo-U.S. Holdings Note to LuxSub in exchange for a preferred equity certificate (the “LuxSub PEC”) in the amount of US$72 million, with a par value of $72 million.