Issue Price plus Original Issue Discount definition

Issue Price plus Original Issue Discount or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Security. Securities authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Securities to semiannual coupon notes.

Issue Price plus Original Issue Discount or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any 2020 Debenture. 2020 Debentures authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the 2020 Debentures to interest-bearing 2020 Debentures.

Issue Price plus Original Issue Discount or similar words, as used herein, shall mean the applicable Restated Principal Amount plus accrued and unpaid interest (including Contingent Interest) with respect to any such series of Securities. Securities authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of such Securities to semi-annual coupon notes. In the event the Issuer exercises its option pursuant to this Section 10.01 to have interest in lieu of Original Issue Discount accrue on any series of Securities following a Tax Event, the Holder of such series of Securities shall be entitled on conversion into Shares to receive the same number of Shares such Holder would have received if the Issuer had not exercised such option. If the Issuer exercises such option, Securities surrendered for conversion during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities to be redeemed purchased or repurchased on a date within such period) must be accompanied by payment of an amount equal to the interest (including Contingent Interest) thereon that the registered Holder is entitled to receive. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities shall be payable by the Issuer on any Interest Payment Date subsequent to the date of conversion.

Examples of Issue Price plus Original Issue Discount in a sentence

• From and after the Option Exercise Date, (i) the Company shall be obligated to pay at Stated Maturity, in lieu of the Principal Amount at Maturity of a Security, the Restated Principal Amount thereof and (ii) "Issue Price and accrued Original Issue Discount," "Issue Price plus Original Issue Discount" or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Security.

• From and after the date (the "Tax Event Date") of the occurrence of a Tax Event, at the option of the Company, interest in lieu of future Original Issue Discount shall accrue at 4.75% per annum on a principal amount per Debenture (the "Restated Principal Amount") equal to the Issue Price plus Original Issue Discount accrued to the date immediately prior to the Tax Event Date or the date on which the Company exercises the option described herein, whichever is later (such date, the "Option Exercise Date").

• From and after the date (the "Tax Event Date") of the occurrence of a Tax Event, at the option of the Company, interest in lieu of future Original Issue Discount shall accrue at 2.5% per annum on a principal amount per Debenture (the "Restated Principal Amount") equal to the Issue Price plus Original Issue Discount accrued to the date immediately prior to the Tax Event Date or the date on which the Company exercises the option described herein, whichever is later (such date, the "Option Exercise Date").

• From and after the Option Exercise Date, (i) the Company shall be obligated to pay at Stated Maturity, in lieu of the Principal Amount at Maturity of a Security, the Restated Principal Amount thereof, (ii) "Issue Price and accrued Original Issue Discount," "Issue Price plus Original Issue Discount" or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Security and (iii) contingent interest shall cease to accrue on the Securities.

• Certain events of bankruptcy or insolvency are Events of Default which will result in the Issue Price plus Original Issue Discount and any accrued and unpaid cash interest or any Contingent Cash Interest (or, if the Securities have been converted to semiannual coupon notes following a Tax Event, the Restated Principal Amount, plus accrued interest) on the Securities becoming due and payable immediately upon the occurrence of such Events of Default.

More Definitions of Issue Price plus Original Issue Discount

Issue Price plus Original Issue Discount or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Security. Securities authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Securities to Cash Pay Securities.

Issue Price plus Original Issue Discount or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Note. Notes authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Notes to semi-annual coupon Notes. No other changes to this Supplemental Indenture or the Original Indenture shall result as a result of the events described in this Section 401. In the event the Company exercises its option pursuant to this Section 401 to have interest in lieu of Original Issue Discount accrue on the Company following a Tax Event, the Holder shall be entitled on conversion into Class A Common Stock to receive the same number of shares of Class A Common Stock such Holder would have received if the Company had not exercised such option. If the Company exercises such option, Notes surrendered for conversion during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Notes to be redeemed on a date within such period) must be accompanied by payment of an amount equal to the interest thereon that the registered Holder is entitled to receive. Except where Notes surrendered for conversion must be accompanied by payment as described above, no interest on converted Notes shall be payable by the Company on any Interest Payment Date subsequent to the date of conversion.

Issue Price plus Original Issue Discount or similar words, as used herein, means Restated Principal Amount plus accrued and unpaid interest with respect to any Note, and (iii) contingent interest shall cease to accrue on the Notes. Notes authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Notes to semiannual cash pay notes.

Issue Price plus Original Issue Discount or similar words, as used herein and in the Indenture, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Note. Notes authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Notes to semiannual coupon Notes. Subject to the provisions of the Indenture, each Note delivered under the Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note.

Issue Price plus Original Issue Discount or similar words, as used herein, mean Restated Principal Amount plus accrued and unpaid interest with respect to any Notes. Notes authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Notes to Cash Pay Notes. The Notes as modified after the Option Exercise Date are referred to herein as "Cash Pay Notes."

Issue Price plus Original Issue Discount or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Accretion Bonds. Holders of the Accretion Bonds also have the option of electing to receive current interest quarterly at the interest rate set forth in the related prospectus supplement by submitting a request to the Trustee during the month of December of each year prior to the Maturity Date ("Holder Exercise Date"). The Principal amount will be restated as discussed above. Interest in lieu of future Original Issue Discount shall accrue at the rate set forth in the related prospectus supplement on the Restated Principal Amount and shall be payable quarterly on each Interest Payment Date to the holder of record on the Record Date immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Holder Exercise Date.

Issue Price plus Original Issue Discount or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Security.