Noteholder Portion definition

Noteholder Portion means, with respect to any event giving rise to an offer to prepay pursuant to paragraph 4E, a percentage expressed as a fraction, the numerator of which equals the aggregate outstanding principal amount of the Notes on the date of such event and the denominator of which equals the sum of the aggregate outstanding principal amount of the Notes on such date plus the aggregate principal amount of the Debt outstanding under the Credit Agreement and the Existing Note Agreement on such date.
Noteholder Portion means, with respect to any event giving rise to an offer to prepay pursuant to paragraph 4E, a percentage expressed as a fraction, the numerator of which equals the aggregate outstanding principal amount of the Notes on the date of such event and the denominator of which equals the sum of the aggregate outstanding principal amount of the Notes on such date plus the average daily amount of the Aggregate Revolving Exposure (as defined in the Credit Agreement in effect on the date hereof) for the 30 day period then ended plus the aggregate outstanding principal amount of all Term Loans (as defined in the Credit Agreement in effect on the date hereof) on such date, in each case as determined as of the date of any offer to prepay made pursuant to paragraph 4E.
Noteholder Portion means 26.43%.

Examples of Noteholder Portion in a sentence

  • Within one Business Day after the receipt by the Company or any Subsidiary of the Net Proceeds Amount of any Asset Disposition, the Company shall pay to the holders of the Notes an aggregate amount equal to the Noteholder Portion of 100% of the Net Proceeds Amount of such Asset Disposition, which shall be applied to the prepayment of the Notes together with accrued interest thereon to the date of such prepayment and the Make-Whole Amount in respect of such principal amount of Notes.

  • To the extent of any additional fees incurred in connection with the preparation of Pre-Closing Tax Returns, such fees shall borne by the Shareholder, the Noteholder and the Phantom Unit Holders and shall be paid in accordance with the Shareholder Portion, the Noteholder Portion and the Phantom Unit Holder Portion, respectively, from the Indemnification Escrow Amount (without duplication of any rights to recovery, payment, or indemnity set forth herein).

  • Within one Business Day after the receipt by the Company or any Subsidiary of the net proceeds of any Equity Issuance, the Company shall pay to the holders of the Notes an aggregate amount equal to the Noteholder Portion of 100% of the net proceeds of such Equity Issuance, which shall be applied to the prepayment of the Notes together with accrued interest thereon to the date of such prepayment and the Make-Whole Amount in respect of such principal amount of Notes.

  • Within two Business Days after receipt of Net Cash Proceeds from any Asset Disposition which Net Cash Proceeds are in excess of $4,000,000 in the aggregate for all such Asset Dispositions in any Fiscal Year, the Company shall give written notice thereof to each holder of the Notes and offer to prepay Notes in an amount equal to the Noteholder Portion of such excess Net Cash Proceeds pursuant to this paragraph 4E.

  • Within seven Business Days after receipt by the Company or any Subsidiary of any Extraordinary Receipt, the Company shall pay to the holders of the Notes an aggregate amount equal to the Noteholder Portion of 100% of such Extraordinary Receipt, which shall be applied to the prepayment of the Notes together with accrued interest thereon to the date of such prepayment and the Make- Whole Amount in respect of such principal amount of Notes.

  • If the TIME IPO shall occur and the proceeds thereof received by the issuer shall exceed $55,000,000, the Company shall pay (or cause to be paid) to the holders of the Notes an aggregate amount equal to the Noteholder Portion of such excess, and such amount shall be applied to the prepayment of the Notes (in inverse order of maturity) and accrued interest thereon and the Make-Whole Amount in respect of the principal amount so prepaid.


More Definitions of Noteholder Portion

Noteholder Portion means, at any time, 54.69%.