Qualified Debt Securities definition
Qualified Debt Securities means Debt securities of the Borrower, provided that the terms of any such Debt security (i) permit the deferral of principal and interest payments (other than Tax Interest) for a period of up to five years (but not beyond the maturity date), as elected by the Borrower, (ii) have a maturity for payment of principal of not less than 14 3/4 years after the date of issuance, and (iii) contain subordination terms substantially consistent with (or more favorable to the Banks than) the subordination terms contained in the form of Indenture for Subordinated Debt Securities filed as an exhibit to the Borrower's Registration Statement on Form S-3 (File No. 33-65471) declared effective by the Securities and Exchange Commission on February 20, 1996.
Qualified Debt Securities means unsecured notes issued by the Borrower or any of its Subsidiaries in connection with a Permitted Acquisition so long as the terms of any such note (i) do not provide any collateral security, (ii) do not provide any guaranty or other support by the Borrower (if such securities are issued by a Subsidiary of the Borrower) or any Subsidiaries of the Borrower (if such securities are issued by the Borrower), (iii) do not contain any mandatory put, redemption, sinking fund or other similar provision occurring prior to the Termination Date, (iv) are no less favorable (including the subordination provisions contained therein) to the Borrower or the Lenders than the provisions of the Subordinated Notes and (v) do not provide for the payment of principal prior to the date which is one (1) year following the Termination Date.
Qualified Debt Securities means any obligation of a third party buyer of Unefon shares (or any of such buyer's Affiliates) evidenced by bonds, debentures, notes or other similar instruments issued by such Person, provided that such Person is, or is a subsidiary of another Person that is, organized under the laws of the United States of America or any OECD country, and such obligations are payable upon maturity either in cash or Marketable Securities.
More Definitions of Qualified Debt Securities
Qualified Debt Securities means non-convertible debt securities that are identical in all material respects (including but not limited to the issuer(s), guarantor(s), collateral, lien priority, covenants and other terms) to the debt securities that are the subject of the tender offer except for the maturity date, interest payment and record dates, redemption provisions and interest rate; provided that Qualified Debt Securities must have
Qualified Debt Securities means unsecured notes issued by the Borrower or any of its Subsidiaries in connection with a Permitted Acquisition so long as the terms of any such note (i) do not provide any collateral security, (ii) do not provide any guaranty or other support by the Borrower (if such securities are issued by a Subsidiary of the Borrower) or any Subsidiaries of the Borrower (if such securities are issued by the Borrower), (iii) do not contain any mandatory put, redemption, sinking fund or other similar provision occurring prior to the Maturity Date of the Tranche B Term Loans, (iv) are no less favorable (including the subordination provisions contained therein) to the Borrower or the Lenders than the provisions of the Subordinated Notes and (v) do not provide for the payment of principal prior to the date which is one (1) year following the Maturity Date of the Tranche B Term Loans.
Qualified Debt Securities means non-convertible debt securities that are identical in all material respects (including the issuer(s), guarantor(s), collateral, lien priority, covenants and other terms) to the debt securities that are the subject of the tender offer except for the maturity date, interest payment and record dates, redemption provisions and interest rate; provided that Qualified Debt Securities must have (i) all interest payable only in cash and (ii) a weighted average life to maturity that is longer than the debt securities that are the subject of the offer