Examples of Stage II Notes in a sentence
Each Holder shall surrender all of its Notes upon issuance of a like principal amount of Stage II Notes in accordance with the preceding paragraph under this clause (3).
Further, upon original issuance of the Stage II Notes in connection with the Stage II Notes Exchange Redemption, and until such time as the same is no longer required under the applicable requirements of the Securities Act, the Stage II Notes shall bear the legends set forth in the Final Offering Memorandum.
On and after the Exchange Redemption Date, interest will cease to accrue on Notes called for redemption and the Notes and the Indenture will be deemed to have been satisfied and discharged in full as long as Kratos has issued to each Holder Stage II Notes in accordance with the preceding paragraph under this clause (ii).
No registration under the Securities Act is required for the issuance of the Stage II Notes in connection with the Stage II Notes Exchange Redemption.
The Stage II Notes will form part of the same issue as, and be treated as a single class with, the Company’s previously issued $225,000,000 aggregate principal amount of 12.125% Senior Secured Notes due 2018 (the “Existing Xxxxxxx Notes”) issued under the Existing Indenture.
On and after the Exchange Redemption Date, interest will cease to accrue on Notes called for redemption and the Notes and this Indenture will be deemed to have been satisfied and discharged in full as long as Xxxxxxx has issued to each Holder Stage II Notes in accordance with the preceding paragraph under this clause (3).
The Stage II Notes will form part of the same issue as, and be treated as a single class with, Xxxxxx’ previously issued $225,000,000 10% Senior Secured Notes due 2017 (the “Existing Kratos Notes” and, together with the Stage II Notes, the “Kratos Notes”) issued under the Existing Kratos Indenture.
If required under the Registration Rights Agreement, the Stage I Issuer or, if the Stage II Notes Exchange Redemption has been consummated, the Stage II Issuer, will issue Exchange Notes to the Initial Purchasers (the “Private Exchange Notes”).
If the Stage I Issuer or the Stage II Issuer, as applicable, fails to satisfy its obligations under the Registration Rights Agreement, the Stage I Issuer or the Stage II Issuer, as applicable, will be required to pay additional interest to the holders of the Stage I Notes or, if the Stage II Notes Exchange Redemption has been consummated, the Stage II Notes, under certain circumstances to be set forth in the Registration Rights Agreement.
Each Holder shall surrender all of its Notes upon issuance of a like principal amount of Stage II Notes in accordance with the preceding paragraph under this clause (b).