Prudential Shelf Notes definition

Prudential Shelf Notes has the meaning specified in Recital A hereto.
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Prudential Shelf Notes means, to the extent hereafter actually issued, the shelf promissory notes of the Parent in the aggregate principal amount of up to $40,000,000 authorized pursuant to the Note Purchase and Private Shelf Agreement dated as of March 21, 2001, as amended prior to the Closing Date, between the Parent and The Prudential Insurance Company of America.
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Prudential Shelf Notes means, to the extent hereafter actually issued, the shelf promissory notes of the Borrower in the aggregate principal amount of Iup to $25,000,000 authorized (although not issued) pursuant to the Note Purchase and Private Shelf Agreement dated as of November 30, 1998 between the Borrower and The Prudential Insurance Company of America.
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Examples of Prudential Shelf Notes in a sentence

  • In July 2020, we issued $50 million of Prudential Shelf Notes at the rate of 3.00 percent per annum.

  • The Prudential Shelf Notes have a fixed interest rate and a maturity date not to exceed twenty years from the date of issuance.

  • The proceeds received from this issuance of Prudential Shelf Notes were used to reduce short-term borrowings under the Revolver.

  • Prudential is under no obligation to purchase any of the Prudential Shelf Notes.

  • See Note 14, Lease Obligations, for future payments related to the capital lease obligation.Shelf AgreementsIn October 2015, we entered into the Prudential Shelf Agreement, under which we may request that Prudential purchase, through October 8, 2018, up to $150.0 million of Prudential Shelf Notes.

  • In July 2020, we issued$50 million of Prudential Shelf Notes at the rate of 3.00 percent per annum.(2) In May 2020, we amended an agreement with MetLife to provide a new $150 million MetLife Shelf Agreement for a three-year term ending May 2023.(3) In August 2020 we issued $40 million of NYL Shelf Notes at the rate of 2.96 percent per annum.

  • The interest rate and terms of payment of any series of the Prudential Shelf Notes will be determined at the time of purchase.In May 2016, Prudential agreed to purchase $70.0 million of 3.25 percent Prudential Shelf Notes, which were issued on April 21, 2017.

  • See Note 14, Lease Obligations, for future payments related to the capital lease obligation.Shelf Agreements In October 2015, we entered into the Prudential Shelf Agreement, under which we may request that Prudential purchase, through October 8, 2018, up to$150.0 million of Prudential Shelf Notes.

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  • In May 2016, Prudential agreed to purchase $70.0 million of 3.25 percent Prudential Shelf Notes, which were issued on April 21, 2017.


More Definitions of Prudential Shelf Notes

Prudential Shelf Notes means, to the extent hereafter actually issued, the shelf promissory notes of the Borrower in the aggregate principal amount of Iup to $25,000,000 authorized (although not issued) pursuant to the Note Purchase and Private Shelf Agreement dated as of November 30, 1998 between the Borrower and The Prudential Insurance Company of America. "Rate" is defined in the definition of the term "Type" in this Section 1.1.
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Prudential Shelf Notes means, collectively, (a) the Company’s 4.00% Amended and Restated Series A Senior Notes due October 13, 2021 in the original aggregate principal amount of $100,000,000 issued pursuant to the terms of the Prudential Shelf Agreement, (b) the Company’s 3.40% Series B Senior Notes due January 22, 2031 in the original aggregate principal amount of £54,945,054.94 issued pursuant to the terms of the Prudential Shelf Agreement, (c) the Company’s 2.69% Series C Senior Notes due July 1, 2036 in the original aggregate principal amount of $100,000,000 issued pursuant to the terms of the Prudential Shelf Agreement, and (d) any other notes issued pursuant to the terms of the Prudential Shelf Agreement in an aggregate principal amount of up to $335,000,000 (or its equivalent in other currencies), less the aggregate principal amount of the notes described in clauses (a) through (c) above and any other notes issued pursuant to the Prudential Shelf Agreement as may be outstanding from time to time.
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Related to Prudential Shelf Notes

  • Shelf Notes is defined in Section 1.2.

  • Shelf Notice See Section 2(c) hereof.

  • Tranche A Notes is defined in Section 1.1.

  • Tranche B Notes means the promissory notes, if any, of the Borrower in favor of each Tranche B Lender provided pursuant to Section 2.4(f) or Section 2.5(f) and evidencing the Tranche B Loans of such Tranche B Lender, individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Initial Shelf Registration See Section 3(a).

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

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

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Note A-4 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Note A-3 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Shelf Registration Statement has the meaning set forth in Section 2(a) hereof.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Private Exchange Notes See Section 2(b) hereof.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 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.

  • Shelf Offering has the meaning set forth in Section 1(d)(i).

  • Permitted Notes means (i) unsecured senior or senior subordinated debt securities of the Borrower, (ii) debt securities of the Borrower that are secured by a Lien on the Collateral ranking junior to the Liens securing the Obligations pursuant to a Second Lien Intercreditor Agreement or (iii) debt securities of the Borrower that are secured by a Lien ranking pari passu with the Liens securing the Obligations pursuant to a First Lien Intercreditor Agreement; provided that (a) in the case of debt securities issued in reliance on Section 7.03(s)(iii), such debt securities are issued for cash consideration, (b) the terms of such debt securities do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the Maturity Date of the Term Facility (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), (c) 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 Borrower and the Restricted Subsidiaries than those in this Agreement; provided that a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent at least three Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such debt securities, together with a reasonably detailed description of the material terms and conditions of such debt securities or drafts of the documentation relating thereto, stating that the 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, (d) at the time that any such Permitted Notes are issued (and after giving effect thereto) no Event of Default shall exist, (e) the Borrower shall be in compliance with the covenants set forth in Section 7.11 determined on a Pro Forma Basis as of the last day of the most recently ended Test Period for which financial statements were required to have been delivered pursuant to Section 6.01(a) or (b), as applicable (or if no Test Period cited in Section 7.11 has passed, the covenants in Section 7.11 for the first Test Period cited in such Section shall be satisfied as of the last four quarters ended), in each case, as if such Permitted Notes had been outstanding on the last day of such four quarter period, and (f) no Subsidiary of the Borrower (other than a Guarantor) shall be an obligor and no Permitted Notes shall be secured by any collateral other than the Collateral.

  • Initial Note A-2 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.