Serial Notes definition
Examples of Serial Notes in a sentence
The Notes of each series shall be distinguished from the Notes of other series and Term Notes shall be distinguished from Serial Notes in such manner as the Board may determine.
The Trustee shall identify the Monthly Payment Date for each installment of interest, installment of principal for Serial Notes and sinking fund installment for Term Notes with respect to each series of Notes.
The Notes of each series shall be distinguished from the Notes of other series and Term Notes shall be distinguished from Serial Notes in such manner as the Issuer may determine.
No Serial Note of a particular Note Series may be assigned unless all other Serial Notes of such Note Series are assigned at the same time and to the same Person.
By: -------------------------------- Name: Title: (Trustee's Certificate of Authentication) This is one of the 12 3/4% Senior Serial Notes due 2010 described in the within-mentioned Indenture.
The owners may not exercise such optional redemption if such optional redemption would adversely affect the then applicable ratings on the Serial Notes.
The Company reserves the right to issue $4,500,000 of debt in addition to amounts sold in the offering, of which the Serial Notes are a part, that may be secured by a security interest in all of the Company's assets, which would be pari passu to the security interest granted to the holders of the Series Notes and the March Notes.
In order to secure the obligations of the Company under this Note and the Serial Notes, the Company hereby grants a security interest in all of the assets of the Company, which security interest is pari passu with the security interest granted to the holders of the certain notes (the "March Notes") issued as part of a private placement of securities that was completed on March 8, 2006, to the holders of the Serial Notes.
The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance initially of up to $650,000,000 aggregate principal amount of the Company's 12 3/4% Senior Serial Notes due 2010 (the "Notes") issuable as provided in this Indenture.
The Serial Notes and Initial Term Notes offered and sold to "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) will be issued initially in global form, substantially in the form of Exhibits A-1 and A-2, respectively, attached hereto (including footnotes 1 through 4 thereto), respectively.