Old Convertible Notes definition

Old Convertible Notes means the 6% senior subordinated convertible notes due August 15, 2014, dated as of August 12, 2004, in the aggregate principal amount of $100 million, issued by IBC pursuant to the Old Convertible Note Indenture.
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Old Convertible Notes means the Convertible Subordinated Debenture in the principal amount of $4 million, dated November 10, 2000, payable to St. Paul Venture Capital VI, LLC on November 10, 2005.
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Old Convertible Notes means the $975,781,000 in aggregate principal amount of the Company's 6.15% Convertible Subordinated Notes due 2010 issued pursuant to the Old Convertible Notes Indenture.
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Examples of Old Convertible Notes in a sentence

  • On the Effective Date, the Old Senior Notes, the Old Convertible Notes and the Equity Interests or commitments, contractual or otherwise, obligating the Debtor to issue, transfer or sell Equity Interests or any other capital stock of the Debtor shall (a) be cancelled and (b) have no effect other than the right to participate in the distributions, if any, provided under the Plan in respect of Claims and Equity Interests.

  • We understand that the New Convertible Notes that we will receive in the Exchange Offer will have substantially the same terms as the Old Convertible Notes we currently hold, with the only material difference being the maturity date of the New Convertible Notes, which is two years later than that of the Old Convertible Notes.

  • All distributions to holders of Old Senior Note Claims and Old Convertible Note Claims shall be allocated first to the portion of each of such Claims representing the principal amount of the Old Senior Notes or the Old Convertible Notes and then, to the extent the consideration exceeds such amount, to the remainder of such Claim.

  • Mercer will not pay or cause to be paid any transfer taxes payable on the transfer of the Old Convertible Notes to Mercer, except as otherwise provided in Instruction 6 of the enclosed Letter of Transmittal.

  • Mercer will not pay any fee, commission or expense to any broker or dealer or to any other persons (other than to the Exchange Agent and the Information Agent) in connection with the solicitation of tenders of the Old Convertible Notes pursuant to the Exchange Offer.

  • Any such press release will state the approximate principal amount of Old Convertible Notes tendered to date.

  • With respect to Old Senior Notes and Old Convertible Notes, there could be COD income if such Claims are not satisfied in full.

  • For illustrative purposes, based on such treatment, for each $1,000 in principal amount of Old Convertible Notes, the holder thereof will receive approximately 5.25 shares of New Common Stock and approximately 14.44 New Warrants.

  • Class 4 consists of the Allowed Claims of the holders of Old Convertible Notes.

  • The Old Convertible Notes mature on November 1, 2004 and are subordinated as to all existing and future indebtedness of Heartland other than indebtedness that is expressly subordinated to the Old Convertible Notes.


More Definitions of Old Convertible Notes

Old Convertible Notes means the Company's 9% Convertible Subordinated Notes due 2004, issued pursuant to the Old Convertible Note Indenture.
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Related to Old Convertible Notes

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Series C Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to three (3) years, in the form of Exhibit C attached hereto.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.