Senior Subordinated Exchange Notes definition

Senior Subordinated Exchange Notes has the meaning ascribed to the term “Exchange Notes” in the Senior Subordinated Interim Loan Credit Agreement.

Senior Subordinated Exchange Notes means new notes of the Company issued in a registered offer made pursuant to a registration statement filed with, and declared effective by, the Commission offering to exchange such new notes for Senior Subordinated Notes, provided that such new notes have terms substantially identical in all material respects to the Senior Subordinated Notes for which such offer is being made.

Senior Subordinated Exchange Notes. “ means senior subordinated exchange notes which refinance all or part of the Senior Subordinated Rollover Loans and which have terms consistent with the following: (a) subordination to the Obligations pursuant to terms and conditions substantially similar to those set forth in the Put Backstop Facility of the Borrower or other terms and conditions acceptable to the Administrative Agent, (b) maturity date no earlier than May 1, 2012, (c) no scheduled payments of principal until on or after May 1, 2012, (d) interest rates not in excess of 12.5% per annum; provided, that, in the case of a payment default, the applicable rate for past due amounts may be increased by 2.0% per annum, (e) covenants, terms and conditions terms and conditions substantially similar to those set forth in the Put Backstop Facility of the Borrower or other covenants, terms and conditions acceptable to the Administrative Agent.

Examples of Senior Subordinated Exchange Notes in a sentence

• The holders of the Senior Subordinated Exchange Notes shall have the absolute and unconditional right to transfer such Senior Subordinated Exchange Notes in compliance with applicable law to any third parties.

• The Parent's 12.75% Senior Subordinated Exchange Notes due 2007 issuable in exchange for PCC Preferred Stock pursuant to the PCC Preferred Stock Designation.

• The Company and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the 12.75% Senior Subordinated Exchange Notes due 2007 of the Company: ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE SECTION 1.01.

• The Parent's 12.75% Senior Subordinated Exchange Notes due 2007 issuable in exchange for PCC Preferred Stock pursuant to the PCC Preferred Stock Designation under the PSC Subordinated Notes Indenture.

• This Note is one of a duly authorized issue of notes of the Issuer designated as its Senior Subordinated Exchange Notes due 2017.

More Definitions of Senior Subordinated Exchange Notes

Senior Subordinated Exchange Notes. $200,000,000 aggregate principal amount of the Company’s 9 3/4% Senior Subordinated Notes due 2017, registered under the Act, to be issued pursuant to the Senior Subordinated Notes Indenture: (i) in the Exchange Offer or (ii) as contemplated by Section 4 hereof.

Senior Subordinated Exchange Notes means the Senior Subordinated Exchange Notes to be issued under the Senior Subordinated Exchange Notes Indenture in accordance with the provisions of the Bridge Loan Agreement.

Senior Subordinated Exchange Notes contained in Section 1.01 shall be restated to read in its entirety as follows:

Senior Subordinated Exchange Notes means the Senior Subordinated Notes registered under the Securities Act by the Company pursuant to the Registration Rights Agreement, dated as of May 28, 2003 among the Company and the other parties named on the signature pages thereof.

Senior Subordinated Exchange Notes means new notes of the Company issued in a registered offer made pursuant to a registration statement filed with, and declared effective by, the Commission offering to exchange such new notes for Senior Subordinated Notes, provided that such new notes have terms substantially identical in all material respects to the Senior Subordinated Notes (except that Senior Subordinated Exchange Notes will not contain terms with respect to transfer restrictions) for which such offer is being made.

Senior Subordinated Exchange Notes means the senior subordinated notes issued pursuant to the Registration Rights Agreement, dated as of May 28, 2003 among the Company and the other parties named on the signature pages thereof, with respect to the Senior Subordinated Notes.

Senior Subordinated Exchange Notes means the Authority's 83/4% Senior Subordinated Notes due 2009 to be issued in exchange for the Initial Senior Subordinated Notes pursuant to the Senior Subordinated Registration Rights Agreement.