Sterling Securities definition

Sterling Securities means the Sterling-denominated 11.75% Senior Secured Notes due 2014 issued by the Issuer pursuant to this Indenture, including, without limitation, the Sterling Exchange Securities and the Additional Sterling Securities, treated as a single class of securities for all purposes under this Indenture, as amended from time to time in accordance with the terms hereof, that are issued pursuant to this Indenture.
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Sterling Securities means, collectively, the £105,000,000 11.75% Senior Secured Notes due 2014 of the Company to be issued and sold to the Purchasers, and securities issued in exchange therefor or in lieu thereof pursuant to the Indenture. Each Sterling Security is entitled to the benefit of the Guarantee provided for in the Indenture and, unless the context otherwise requires, any reference herein to a “Sterling Security,” a “Sterling Exchange Security” or a “Sterling Registrable Security” shall include a reference to the related Guarantee.
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Sterling Securities has the meaning set forth in the first paragraph of the RECITALS.
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Examples of Sterling Securities in a sentence

  • No representation is made as to the accuracy of such numbers either as printed on the Sterling Securities or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

  • On and after the redemption date interest ceases to accrue on Sterling Securities or portions thereof called for redemption.

  • The Issuer has caused ISINs and Common Codes to be printed on the Sterling Securities and has directed the Trustee to use ISINs and Common Codes in notices of redemption as a convenience to the Holders.

  • The Company or the Registrar is not required to transfer or exchange any Sterling Securities for a period of 15 days before a selection of Sterling Securities to be redeemed.

  • The Sterling Securities will be entitled to the benefits of certain Guarantees made for the benefit of the Holders.

  • Sterling Securities in denominations larger than £50,000 may be redeemed in part.

  • The Sterling Securities will be issued in denominations of £50,000 and integral multiples of £1,000.

  • The Sterling Securities are in registered form without coupons in denominations of £50,000 and integral multiples of £1,000.

  • The Issuer will pay interest on the Sterling Securities (except defaulted interest) to the Persons who are registered Holders of Sterling Securities at the close of business on December 1 or June 1 next preceding the Interest Payment Date (each a “Record Date”), even if such Sterling Securities are canceled after such Record Date and on or before such Interest Payment Date, except as provided in Section 2.13 of the Indenture with respect to defaulted interest.

  • Subject to certain exceptions, the Indenture and the Sterling Securities may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Securities then outstanding, and any existing Default or compliance with any provision may be waived with the consent of the Holders of a majority in aggregate principal amount of the Securities then outstanding.

Related to Sterling Securities

  • Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.

  • Closing Securities shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Qualifying Securities means securities issued by the Issuer that:

  • Existing Securities means, collectively, the Equity Securities and the Debt Securities.

  • APM Qualifying Securities means, with respect to an Alternative Payment Mechanism or any Mandatory Trigger Provision, one or more of the following (as designated in the transaction documents for any Qualifying Capital Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision, as applicable):