Mandatory Convertible Notes definition

Mandatory Convertible Notes means any Indebtedness of a Person, the principal amount of which is payable at maturity solely in Capital Stock of such Person (provided that a requirement to pay accrued, but unpaid, interest on such Indebtedness in cash at maturity or a requirement to pay cash fees, expenses or premiums as a result of the acceleration of payment, early redemption or otherwise with respect to such Indebtedness shall not disqualify such Indebtedness as Mandatory Convertible Notes).

Mandatory Convertible Notes means the 5% mandatory convertible senior notes due 2024 issued pursuant to the Mandatory Convertible Notes Indenture.

Mandatory Convertible Notes means any Debt of a Person, the principal amount of which is payable at maturity solely in Capital Stock of such Person (provided that a requirement to pay accrued, but unpaid, interest on such Debt in cash at maturity or a requirement to pay cash fees, expenses or premiums as a result of the acceleration of payment, early redemption or otherwise with respect to such Debt shall not disqualify such Debt as Mandatory Convertible Notes).

Examples of Mandatory Convertible Notes in a sentence

• The Mandatory Convertible Notes (“MCN”) were issued for an aggregate amount of €2,055 million, which were entirely subscribed by the Company’s sole shareholder, Altice Luxembourg.

• The discount rate adopted is 8.29%, which has been determined on a pre-tax weighted average cost of capital basis.For financial reporting purposes, as the proceeds of the 2009 Mandatory Convertible Notes (MCN) issue are to be utilised for the purposes of the development (in combination with bank debt), accounting rules require the MCN interest, net of interest earned on the MCN proceeds, to be capitalised as a cost from the time the land for the development is unconditionally secured.

• CapitalAlso during the year, the conversion of the 2005 8% Mandatory Convertible Notes took place.

• In addition, the Trust had $107.3 million of funds on deposit, primarily comprising the proceeds from the2009 Mandatory Convertible Notes issue.

• The Plan includes’ share capital increase through a pre-emptive rights offering to raise up to €396 million and a voluntary exchange of Convertible Enhanced Capital Securities (CECS) via the issue of up to €600 million Mandatory Convertible Notes (MCN) of nominal value €1,00 each and tender exchange offer offered exclusively to existing CECS holders.

More Definitions of Mandatory Convertible Notes

Mandatory Convertible Notes means any Indebtedness of a Person, the principal amount of which is payable at maturity solely in Capital Stock of such Person (provided that a requirement to pay accrued, but unpaid interest on such Indebtedness in cash at maturity or a requirement to pay cash fees, expenses or premiums as a result of the acceleration of payment, early redemption or otherwise with respect to such Indebtedness shall not disqualify such Indebtedness as Mandatory Convertible Notes).

Mandatory Convertible Notes means up to US$2.25 billion principal amount of 6% mandatorily convertible subordinated notes due 2016 that are mandatorily convertible into new or existing ordinary shares of Common Stock issued by Borrower.

Mandatory Convertible Notes means the US$45,000,003 aggregate principal amount (excluding accrued and unpaid non-cash-pay interest) of 10% senior mandatory convertible notes due September 15, 2011 issued by Compton Finance pursuant to the Mandatory Convertible Note Indenture.

Mandatory Convertible Notes means an aggregate principal amount of $45.0 million 10% senior unsecured notes due September 15, 2011 to be issued by Compton Finance pursuant to the Mandatory Convertible Note Indenture.

Mandatory Convertible Notes means the 4.7% Senior Secured Mandatory Convertible Notes of the Borrower due 2008 issued pursuant to the Mandatory Convertible Notes Indenture.

Mandatory Convertible Notes or “MCNs”

Mandatory Convertible Notes means the 10% senior unsecured notes due September —, 2011 to be issued by the Issuer pursuant to an indenture dated October —, 2010 among the Issuer, the Parent Guarantor, the Subsidiary Guarantors, and the Trustee.