The Senior definition

The Senior. Leverage Ratio at the end of each quarter of a Fiscal Year for the rolling four (4) quarter period ending on the last day of each quarter of a Fiscal Year shall not exceed 2.5:1 for each of the fiscal quarters up to and including the fiscal quarter ending December 31, 1998, 2.25:1 for each of the fiscal quarters ending after December 31, 1998 up to and including the fiscal quarter ending December 31, 1999, 2.0:1 for each of the fiscal quarters ending after December 31, 1999 up to and including the fiscal quarter ending December 31, 2000, 1.75:1 for any fiscal quarter ending after December 31, 2000 up to and including the fiscal quarter ending December 31, 2001 and 1.50:1 for any fiscal quarter ending thereafter."

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The Senior. Note shall bear interest at a rate equal to the Applicable Interest Rate on the unpaid principal amount thereof from and including the Original Issuance Date until the Maturity Date. Such interest shall accrue and be payable quarterly in arrears. After and during the continuance of any Event of Default, the Senior Note shall bear interest at the rate equal to the Default Interest Rate, including, in the event of a payment default, on any overdue principal and to the extent permitted by applicable law, on any overdue amount, including overdue interest. On each Payment Date, interest on the Senior Note shall be payable in cash.

The Senior. Subordinated Primary Note in the principal amount of $25,000,000 issued pursuant to the November 1998 Securities Purchase Agreement, as amended pursuant to the First Amendment to November 1998 Securities Purchase Agreement, is referred to herein as the "Amended November 1998 Note." The Primary Warrant to Purchase 3,450,000 Shares of Common Stock issued pursuant to the November 1998 Securities Purchase Agreement, as amended pursuant to the First Amendment to November 1998 Securities Purchase Agreement, is referred to herein as the "Amended November 1998 Warrant."

Examples of The Senior in a sentence

• The Senior Notes will initially be issued in the form of one or more global Senior Notes (each, a “Global Senior Note”).

• The Senior Vice Presidents, if any, shall be the deputy chief executive officers of the Company and shall exercise such authority over the activities of the Company as prescribed by the President.

• The Senior Subordinated Securities are issuable only in registered form without coupons in minimum denominations of $1,000.00 and integral multiples of $1,000.00 in excess thereof.

• The Senior Representatives have no obligations to follow instructions from any Second Priority Representative or any other Second Priority Debt Party in contravention of this Agreement.

• The Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise.

• The Senior Notes are not entitled to the benefit of any sinking fund.

• The Senior Notes shall be issued in the form of one or more Global Securities (as defined below) in substantially the form set out in Exhibit A hereto.

• The Senior Notes will rank senior to any subordinated indebtedness of the Company.

• The Senior Subordinated Securities will not be subject to any mandatory redemption, sinking fund or other similar provisions.

• The Senior Subordinated Securities, including the principal and interest, shall be unsecured and subordinate and junior in right of payment to Senior Indebtedness to the extent set forth in Article VII hereof.

More Definitions of The Senior

The Senior. Notes shall have the following terms: Title of Debt Securities: 6.50% Senior Notes due April 15, 2010 Principal Amount: $500,000,000 Senior/subordinate: Senior Interest Rate 6.50% Interest Payment Dates: April 15 and October 15, commencing October 15, 1998 Date of maturity: April 15, 2010 Public Offering Price: 99.595%, plus accrued interest, if any, from April 22, 1998 Purchase Price: 98.920%, plus accrued interest, if any, from April 22, 1998 (payable in same- day funds) Delivery: Through the facilities of The Depository Trust Company Closing time and location: April 22, 1998, 10:00 a.m., New York City time, ▇▇▇▇▇ & Wood LLP ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Redemption or repayment provisions: The Senior Notes are subject to redemption at the option of the Company in the manner set forth in the Senior Note Sinking fund requirements: None Number of Option Securities, if any, that None may be purchased by Underwriters: Authorized Denominations: $1,000 and integral multiples thereof. The Callable/Redeemable Notes shall have the following terms: Title of Debt Securities 6.125% Callable/Redeemable Notes due April 15, 2012 Principal Amount: $700,000,000 Senior/Subordinated: Senior Interest Rate: 6.125% until the Coupon Reset Date and, thereafter at the Interest Rate determined pursuant to the Coupon Reset Process as set forth in the Callable/Redeemable Note Interest Payment Dates: April 15 and October 15, commencing October 15, 1998 Date of maturity: April 15, 2012 Coupon Reset Date: April 15, 2002 Public Offering Price: 99.733%, plus accrued interest, if any, from April 22, 1998 Purchase Price: 99.208%, plus accrued interest, if any, from April 22, 1998 Purchase Price of Call Option: 2.93% NationsBanc ▇▇▇▇▇▇▇▇▇▇ Securities Callholder: LLC Delivery: Through the facilities of The Depository Trust Company Closing time and location: April 22, 1998, 10:00 a.m., New York City time, ▇▇▇▇▇ & Wood LLP One world ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇