Series B Notes definition

Series B Notes is defined in Section 1.

Series B Notes. The Company's 10 1/4% Series B Senior Notes due 2008 to be issued pursuant to the Indenture: (i) in the Exchange Offer or (ii) as contemplated by Section 4 hereof.

Series B Notes. The Company's 12 3/4% Series B Senior Subordinated Notes due 2007 to be issued pursuant to the Indenture (a) in the Exchange Offer or (b) pursuant to a Shelf Registration Statement, in each case, in exchange for the Series A Notes.

Examples of Series B Notes in a sentence

• However, if during the first two years from the Effective Date, the Company has repaid at least 50% of the Deferred Series B Notes Debt, then the balance of the Principal of the Series B Notes as it shall be at the end of the first two years after the Effective Date will be automatically delayed by one additional year and payable in 3 equal annual installments on July 1 of each of the years 2017 to 2019, inclusive.

• An assessee who held the Notes prior to the increase in the Series B Notes, up to the settlement of the Series B Notes held by him, will be entitled to submit a tax return to the Israel Tax Authority and to receive a refund of the tax at the rate of the tax withheld from the Surplus Discounting Charges, to the extent he is entitled to such refund under law.

• Notwithstanding anything to the contrary anywhere in this Deed, an additional issue of Series B Notes exceeding USD 400 million, rated by a Rating Company (as of the date hereof, the amount refers to both Series B and Series B Notes), shall be effected subject to another rating by a Rating Company and subject further that such additional issue of Series B Notes shall not adversely affect the rating of the Notes first issued under this Deed, as then in effect.

• In the event of obtaining the Tax Arrangement, the Company will compute, on the date of the increase in the series, the Weighted Discounting Rate for the Series B Notes and will publish, by means of an immediate report, before the increase in the series subject to the Tax Arrangement, the Weighted Uniform Discounting Rate for the entire series and will withhold tax on the redemption dates of the Notes at the Weighted Discounting Rate, as aforesaid, pursuant to the provisions of any law.

• In the event the Series B Notes will be increased to an aggregate principal amount of more than the amount raised from the public, the Trustee's annual fee will be updated in the sum of NIS 5,000 (for all the increases collectively).

More Definitions of Series B Notes

Series B Notes. The Company's 11 1/4% Series B Senior Notes due 2007 to be issued pursuant to the Indenture in the Exchange Offer.

Series B Notes is defined in Section 1 of this Agreement.

Series B Notes shall have the meaning specified in paragraph 1A.

Series B Notes as used herein shall include each Series B Note delivered pursuant to any provision of this Agreement and each Series B Note delivered in substitution or exchange for any such Series B Note pursuant to any such provision.

Series B Notes means notes issued by the Company hereunder containing terms identical to the Series A Notes (except (i) that interest thereon shall accrue from the last date on which interest was paid on the Series A Notes or, if no such interest has been paid, from the date of original issuance, (ii) that the legend or legends relating to transferability and other related matters set forth on the Series A Notes, including the text referred to in footnote 2 of Exhibit A hereto, shall be removed or appropriately altered and (iii) as otherwise set forth herein), to be offered to Holders of Series A Notes in exchange for Series B Notes pursuant to the Exchange Offer or any exchange offer specified in any registration rights agreement relating to the Additional Notes or to be offered in connection with any issuance of Additional Notes pursuant to a registration statement filed pursuant to the Securities Act.

Series B Notes means the “Series B” secured notes issued by Delaware Funding and guaranteed by CIT Group Inc., on an unsecured basis (except for the lien CIT Group Inc. may grant on substantially all its personal property with certain exclusions), and on a secured basis by all current and future domestic wholly owned subsidiaries of CIT Group Inc., with the exception of Delaware Funding, CIT Bank and other regulated subsidiaries, special purpose entities and immaterial subsidiaries, pursuant to the New Notes Indenture and as described in the Offering Memorandum, the October 23, 2009 supplement thereto and as amended from time to time pursuant hereto.

Series B Notes. The Issuers' 8 1/2% Series B Senior Subordinated Notes due 2010 to be issued pursuant to the Indenture: (i) in the Exchange Offer or (ii) as contemplated by Section 4 hereof.