Senior Sub Notes definition
Examples of Senior Sub Notes in a sentence
The Company will comply with its registration obligations under the registration rights agreement entered into in connection with its offering of 5.875% Senior Subordinated Notes due 2012 (the "Senior Sub Notes").
Each of (i) the elimination of the subordination provisions of the Senior Sub Notes, (ii) the assumption of the Senior Sub Notes by Parent and (iii) the elimination or amendment of the covenants in the Senior Sub Notes identified by Parent, as contemplated by this Section 5.23, shall be effective as of the Effective Time.
Upon the request of Parent, and in exchange for Parent's agreement to cause the subordination provisions of the Senior Sub Notes to be eliminated and to cause the Senior Sub Notes to be assumed by Parent, the Company will use its commercially reasonable efforts, at Parent's expense, to solicit consents from the holders of the Senior Sub Notes for an amendment to the Senior Sub Notes that either eliminates or amends the covenants in the Senior Sub Notes identified by Parent.
Each payment under a Note Purchase Document shall be due and payable at the place provided therein and, if no specific place of payment is provided, shall be due and payable at the place of payment of the Senior Sub Notes.
The parties hereto entered into that certain Option Agreement (the "Agreement") dated as of August 2, 2001, with respect to an exclusive option to purchase all, but not less than all, of the Senior Sub Notes (as defined in the Agreement).
Issuer has duly authorized the issuance and sale of its unsecured senior subordinated notes due July 1, 2007 in the aggregate original principal amount of Five Million Dollars ($5,000,000) (collectively with any such notes issued in substitution therefor pursuant to Section 8.7 of this Agreement, the "Senior Sub Notes").
Inland shall keep at its -------------------------------- principal executive office a register for the registration and registration of transfers of Senior Sub Notes (the "Register").
Note Purchaser is prepared to bear the economic risk of retaining its Senior Sub Notes for an indefinite period, all without prejudice, however, to the rights of Note Purchaser, in accordance with this Agreement, lawfully to sell or otherwise dispose of all or any part of any Senior Sub Notes held by it.
Interest shall be computed on the Senior Sub Notes on the basis of a 360-day year consisting of twelve 30-day months.
If any amount shall be paid to the Guarantor on account of any such subrogation rights or other remedy, notwithstanding the waiver thereof, such amount shall be received in trust for the benefit of the Holders of the Senior Sub Notes and shall forthwith be paid to such Holders to be credited and applied upon the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.