New Exchange Debentures definition

New Exchange Debentures means the 13 1/2% Series B Senior Subordinated Debentures due 2010 of the Company issued pursuant to the Exchange Offer.

New Exchange Debentures means the Convertible Exchange Debentures due 2009 (if issued) issuable under the New Exchange Indenture.

New Exchange Debentures means the 13 1/4% Exchange Debentures due 2006 (if issued) issued under the New Exchange Indenture.

Examples of New Exchange Debentures in a sentence

• NBC Palm Beach I agrees not to exchange any of such 250 shares for New Exchange Debentures (as defined in the Series B Certificate of Designation) prior to April 18, 2010 and will not Transfer any of such shares unless the transferee agrees in writing to be bound by the foregoing.

• The Corporation shall cause the New Exchange Debentures to be executed on the Exchange Date and, upon surrender of the certificates for any shares of Series B Preferred Stock so exchanged, duly endorsed (or otherwise in proper form for transfer, as determined by the Corporation), such shares shall be exchanged by the Corporation for New Exchange Debentures.

• The Corporation shall pay interest on the New Exchange Debentures at the rate and on the dates specified therein from the Exchange Date.

• Dividends on the shares of Series B Preferred Stock to be exchanged shall cease to accrue on the Exchange Date whether or not certificates for shares of Series B Preferred Stock are surrendered for exchange on such Exchange Date unless the Corporation shall default in the delivery of New Exchange Debentures.

• The Exchange Offer shall be on the appropriate form permitting registration of the New Preferred Stock or the New Exchange Debentures, as the case may be, to be offered in exchange for the Series A Preferred Stock or the Exchange Debentures, as the case may be, that are Transfer Restricted Securities and to permit sales of Broker-Dealer Transfer-Restricted Securities by Restricted Broker-Dealers as contemplated by Section 3(c) below.

More Definitions of New Exchange Debentures

New Exchange Debentures shall have the meaning set forth in the Certificate of Designation.

New Exchange Debentures means the Debentures issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

New Exchange Debentures means debentures of the Borrower in ----------------------- aggregate principal amount not to exceed the liquidation value of $50,000,000 of the New Preferred Stock as initially issued (increasing for additional issuance of like debentures or preferred stock in lieu, respectively, of interest or dividends thereon, not exceeding an additional $40,000,000), to be issued by the Borrower, at its option, only in exchange for New Preferred Stock, and having the terms set forth in the Registration Statement on Form S-1 filed by the Borrower with the SEC on March 19, 1999 (with such changes in such Registration Statement as are reasonably acceptable to the Administrative Agent and the Lenders).

New Exchange Debentures has the meaning stated in the first recital of this Exchange Indenture and refers to any New Exchange Debentures containing terms substantially identical to the Initial Exchange Debentures (except that (i) such New Exchange Debentures shall not contain terms with respect to transfer restrictions and shall be registered under the Securities Act, and (ii) certain provisions relating to an increase in the stated rate of interest thereon shall be eliminated) that are issued and exchanged for the Initial Exchange Debentures in accordance with the Exchange Debentures Exchange Offer, as provided for in the Exchange Debentures Registration Rights Agreement and this Exchange Indenture.

New Exchange Debentures means the Company's 12 3/8% Subordinated Exchange Debentures due 2010 issued pursuant to the Exchange Indenture (i) in the Preferred Stock Exchange Offer or (ii) in connection with a resale of Subordinated Exchange Debentures in reliance on a shelf registration statement.

New Exchange Debentures means the Company's 12 3/4% Senior Subordinated ----------------------- Exchange Debentures due 2010 issued pursuant to this Indenture (i) in the Exchange Offer or (ii) in connection with a resale of Debentures in reliance on a Shelf Registration Statement.

New Exchange Debentures means the Company's 12 3/4% Senior Subordinated ----------------------- Exchange Debentures due 2010 issued pursuant to the Exchange Indenture (i) in the Exchange Offer or (ii) in