Series 1 Trust Notes definition

Series 1 Trust Notes means the non-interest bearing Series 1 unsecured subordinated demand notes of the Trust.

Series 1 Trust Notes means the series 1 notes of the Trust issued under the Trust Note Indenture; “Series 2 Trust Notes” means the series 2 motes of the Trust issued under the Trust Note Indenture; “Series 3 Trust Notes” means the series 3 notes of the Trust issued under the Trust Note Indenture;

Series 1 Trust Notes means the interest bearing Series 1 unsecured subordinated demand notes of the Trust issued to the Fund on October 12, 2004 and also subsequently issued to the Fund in conjunction with SIR’s conversion of Class A GP Units of the Partnership into units of the Fund and sale of these Fund units under the Note Indenture. The below chart provides the amounts of the Series 1 Trust Notes and their dates of repayment:

Examples of Series 1 Trust Notes in a sentence

• At no time may any exchange be made if there exists an uncured event of default arising on the Series 1 Trust Notes.

• In such circumstances, the Trust shall require InterRent Trust to redeem Series 1 Trust Notes and InterRent Trust Units of a value determined by the Trustees to be equal to the product of the Redemption Price and the number of Trust Units being tendered for redemption (“Aggregate Redemption Price”) in consideration for the issuance to the Trust of Series 2 Trust Notes and Series 3 Trust Notes, respectively, with an aggregate principal amount equal to the Aggregate Redemption Price.

• In other words, the optimal contract never involves any payment for imprecise information.Finally, we studied the gains from contracting under imperfect commitment as well as perfect commitment and compared the payoffs under these schemes to the case where no contracts are possible as well as to the case where the principal simply delegates the decision to the agent.

• On the IPO Closing, the Trust issued approximately $159.3 million principal amount of Series 1 Trust Notes to the Fund.

• Series 3 Trust Notes will be reserved by the Trust to be issued exclusively as full or partial payment of the redemption price of Series 1 Trust Notes.

More Definitions of Series 1 Trust Notes

Series 1 Trust Notes means the Series 1, unsecured, subordinated, interest bearing promissory notes of Extendicare Trust issued pursuant to this Plan of Arrangement under the Trust Note Indenture;

Series 1 Trust Notes means the non-interest bearing Series 1 unsecured subordinated demand notes of the Trust issued to the Fund on July 6, 2005 under the Note Indenture.

Series 1 Trust Notes means the series 1, unsecured, subordinated notes of the Trust issued pursuant to the Plan of Arrangement under the Trust Note Indenture;

Series 1 Trust Notes means the interest-bearing Series 1 unsecured subordinated promissory notes of Subsidiary Trust issued to the REIT at Closing pursuant to the Subsidiary Trust Note Indenture;

Series 1 Trust Notes means the interest-bearing Series 1 unsecured subordinated promissory notes of InterRent Trust issued to the Trust at Closing pursuant to the Note Indenture.

Series 1 Trust Notes means the Series 1, unsecured, subordinated, interest bearing promissory notes of Extendicare Trust issued pursuant to the Plan of Arrangement under the Trust Note Indenture;

Series 1 Trust Notes means the non-interest bearing Series 1 unsecured subordinated demand notes of NP Trust issued to NPR pursuant to the NP Note Indenture.