Senior Subordinated Discount Notes definition
Examples of Senior Subordinated Discount Notes in a sentence
The Notes and the Senior Subordinated Discount Notes will vote together as a single class of securities under the Indenture with respect to matters on which Holders are required or permitted to vote.
The Notes and the Senior Subordinated Discount Notes will in all respects rank pari passu with each other and with all other Senior Subordinated Indebtedness of the Company.
The Company in its sole discretion can defease either or both of the Notes and the Senior Subordinated Discount Notes.
IBJ ▇▇▇▇▇▇▇▇ Bank & Trust Company will also act as the Trustee for $294,000,000 aggregate principal amount of 10 1/2% Senior Subordinated Discount Notes due 2007 (the "Senior Subordinated Discount Notes").
TEC may, by supplemental indenture, be released from its obligations under this Indenture and the Securities, without the consent of the holders of the Securities of any series, if the 12-1/2% Senior Subordinated Discount Notes due 1997 and the 9-3/4% Senior Subordinated Discount Notes due 2000 issued by TEC are no longer outstanding or if TEL or any successor to TEL has assumed the obligations of TEC under such notes.