New Senior Discount Notes definition

New Senior Discount Notes means the New Senior Discount Notes to be issued by Merrill Communications, including any additional New Senior Discount Notes to be issued to the DLJ Merchant Banking Funds, in each case, pursuant to the terms of the Restructuring.
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New Senior Discount Notes means the New Senior Discount Notes due 2008 to be issued by Merrill Communications LLC pursuant to the note purchase and exchange agreement among Merrill Communications LLC, the guarantors thereunder the DLJ Merchant Banking Funds named therein and John W. Castro, dated August • , 2002, including any additional New Senior Discount Notes due 2008 to be issued to the DLJ Merchant Banking Funds, in each case, pursuant to the terms of the Restructuring.
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New Senior Discount Notes means NEHC's 12 3/8% Senior Discount Notes due 2007, which will be issued in exchange for NEHC's Senior Discount Notes.
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Examples of New Senior Discount Notes in a sentence

  • In the event a Change of Control occurs at a time when Merrill is prohibited from purchasing New Senior Subordinated Notes, Merrill could seek the consent of its lenders and, in the case of the Class B Senior Subordinated Notes, holders of New Senior Discount Notes, to the purchase of New Senior Subordinated Notes or could attempt to refinance the borrowings that contain that prohibition.

  • Similarly, the indenture relating to the New Senior Discount Notes prohibits Merrill from purchasing any Class B Senior Subordinated Notes.

  • At any time, DDi Capital will have the option to redeem 100% but not less than 100% of the New Senior Discount Notes at 100% of the principal amount plus accrued and unpaid interest.

  • In that case, Merrill's failure to purchase tendered New Senior Subordinated Notes would constitute an Event of Default under the New Senior Subordinated Notes Indentures, which would, in turn, constitute a default under the Credit Facility and the New Senior Discount Notes.

  • The Exchange Offer shall be on the appropriate form permitting registration of the New Senior Discount Notes to be offered in exchange for the Senior Discount Notes 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.

  • As a condition to the issuance of the New Senior Discount Notes, the Global Releases and Plan Injunction shall be have been approved by the Bankruptcy Court and shall be in the form set forth in the Plan.

  • The New Senior Discount Notes shall be entitled to customary anti-layering protection for securities of this type.

  • The aggregate principal amount of the New Senior Discount Notes shall be due and payable upon the sale of Reorganized DDi Corp., DDi Capital or any of their respective subsidiaries.

  • The Stockholder hereby agrees that it shall exchange its Exchange Debentures for New Senior Discount Notes at the Exchange Price (as defined) in the Debenture Exchange Transaction (it being understood that the obligation contained in this sentence is unconditional, subject to Section 7), and that it shall execute such other documentation as may be required to effect its participation in the Debenture Exchange Transaction.

  • Merrill Communications LLC will not, after the date of this Indenture, issue, create or sell any Indebtedness that is pari passu with the New Senior Discount Notes to, or in favor of, DLJ Merchant Banking Partners II, L.P. or any related private equity fund managed by DLJ Merchant Banking Partners II, L.P.


More Definitions of New Senior Discount Notes

New Senior Discount Notes means the Senior Discount Notes Due 2008 issued by Holdings under the New Senior Discount Note Indenture."
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New Senior Discount Notes. AP Holdings' 11 1/4% New Senior Discount Notes due 2008 to be issued pursuant to the Indenture (i) in the Exchange Offer or (ii) upon the request of any Holder of Senior Discount Notes covered by a Shelf Registration Statement, in exchange for such Senior Discount Notes.
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New Senior Discount Notes. The Company's 13 1/2% Senior Discount Notes due 2008 to be issued pursuant to the Indenture: (i) in the Exchange Offer or (ii) as contemplated by Section 4 hereof.
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New Senior Discount Notes with an Accreted Value (determined as of June 16, 2000) equal to the aggregate principal amount of Exchange Debentures (or aggregate Liquidation Preference of Preferred Stock in the case of a Direct Exchange Offer) held by the Stockholder multiplied by a fraction equal to (A) the amount of New Senior Discount Notes available for issuance to holders of 11% Notes and 15% Notes in the Subordinated Notes Exchange Offer and to holders of Exchange Debentures (or Preferred Stock) divided by (B) the sum of (x) the aggregate Total Exchange Value (which represents the offer price plus the consent consideration to be paid in the Subordinated Notes Exchange Offer) of the 11% Notes and 15% Notes tendered in the Subordinated Notes Exchange Offer and (y) the result of (i) the Exchange Price multiplied by (ii) the aggregate Initial Liquidation Preference of the Series C Preferred Stock; and
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New Senior Discount Notes has the meaning assigned to it in the preamble to this Indenture.
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New Senior Discount Notes. The Company's 11 1/4% New Senior ------------------------- Discount Notes due 2007 to be issued pursuant to the Indenture (i) in the Exchange Offer or (ii) upon the request of any Holder of Senior Discount Notes covered by a Shelf Registration Statement, in exchange for such Senior Discount Notes.
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Related to New Senior Discount Notes

  • Senior Discount Notes means the Company's 10 1/2% Senior Discount Notes --------------------- due March 1, 2007.

  • Discount Notes means the Company's 14-3/4% Senior Discount Notes due 2010.

  • New Senior Notes has the meaning set forth in the recitals hereto.

  • Discount Note means any Note that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • First Lien Notes means (a) senior secured loans or notes of the U.S. Borrower (which notes or loans may either be secured by a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations or may be secured by a Lien ranking junior to the Lien on the Collateral securing the U.S. Obligations, but shall not be secured by any assets that do not constitute Collateral securing the U.S. Obligations) incurred after the Amendment Effective Date (i) the terms of which do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the latest Term Facility Maturity Date in effect at the time of the issuance thereof (other than customary offers to repurchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default) and (ii) the covenants, events of default, guarantees, collateral and other terms of which (other than interest rate and redemption premiums), taken as a whole, are not more restrictive to the U.S. Borrower and the Subsidiaries than those set forth in this Agreement; provided that a certificate of the Chief Financial Officer of the U.S. Borrower delivered to the Administrative Agent in good faith at least three Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the U.S. Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement and (b) loans or notes borrowed or issued in connection with any refinancing, refunding, renewal or extension of any First Lien Notes; provided that (i) in connection with any such refinancing, refunding, renewal or extension, the principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses), (ii) such refinancing Indebtedness otherwise complies with this definition and (iii) if such Indebtedness being refinanced is not secured by a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations, then such refinancing Indebtedness may not be secured with a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations. Notes issued by the U.S. Borrower in exchange for any First Lien Notes in accordance with the terms of a registration rights agreement entered into in connection with the issuance of such First Lien Notes shall also be considered First Lien Notes.

  • Senior Unsecured Notes means $2,000,000,000 in aggregate principal amount of the Borrower’s 9.000% senior notes due 2025 issued pursuant to the Senior Unsecured Notes Indenture on the Closing Date.

  • Unsecured Notes means any senior unsecured notes, subordinated unsecured notes or senior subordinated unsecured notes, in each case, issued by the Borrower or a Guarantor in one or more transactions.

  • Principal Debt means, at any time, the unpaid principal balance of all Borrowings.

  • New Secured Notes means the $550 million of first lien secured notes to be issued by New Valaris Holdco comprising (i) the Rights Offering New Secured Notes to be issued in the Rights Offering on the terms set forth in the New Secured Notes Term Sheet attached as Exhibit 2 to the Restructuring Term Sheet and the Rights Offering Procedures, (ii) the Holdback Notes to be issued on the terms set forth in the Backstop Agreement,

  • Non-Discount Mortgage Loan Any Mortgage Loan with an Adjusted Net Mortgage Rate that is greater than or equal to the Required Coupon.

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Existing Senior Notes means the Existing 2020 Senior Notes and the Existing 2021 Senior Notes, collectively.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Debt Repayment means the repayment, prepayment, repurchase or defeasance of the Indebtedness of the Borrower under the Indebtedness that is identified on Schedule 1.1(g) to the Original Credit Agreement and that is repaid, prepaid, repurchased or defeased on the Original Closing Date (or such later date as may be necessary to effect the Debt Repayment in accordance with the tender offers therefor).

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Convertible Notes has the meaning set forth in the Recitals.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.