Examples of Parent Senior Notes in a sentence
In the Exchange Offer, the number of shares of Parent Common Stock and the aggregate principal amount of Parent Senior Notes to be issued in exchange for each $1,000 principal amount of outstanding Company Senior Notes will vary depending on the aggregate principal amount of Company Senior Notes validly tendered pursuant to the Exchange Offer.
Calculations of principal amounts for Parent Senior Notes for such purpose will be rounded down with respect to each holder to the nearest amount that is equal to $2,000 and integral multiples of $1,000 in excess thereof and no additional shares of Parent Common Stock will be issued or payment made in compensation for such adjustments.
HIGHPOINT RESOURCES CORPORATION By: Name: Title: EXHIBIT B Term of Parent Senior Notes DESCRIPTION OF THE NOTES Bonanza Creek Energy, Inc.
The Borrower shall use reasonable efforts, so long as funds are available in the interest reserve established with respect to the Parent Senior Notes, to cause the Parent to use such funds to pay all scheduled interest payments as and when due in respect of the Parent Senior Notes; provided that failure by the Parent to apply funds as stated hereunder shall constitute an Event of Default by the Borrower under clause (e) of Article VII hereof.
To appoint from time to time and at his discretion, for the purpose of the, Company, managers, secretaries, agents, experts and other officers, clerks, servants and other employees of the Company on such terms and conditions as he may deem expedient and to determine their powers and duties and at his discretion to terminate the services of any one or more of them, as he may deem expedient.