Common use of 2005 Notes Clause in Contracts

2005 Notes. The Issuer shall issue to each Holder of Notes issued under the 2005 SPA a replacement Note in substantially the form of Exhibit D hereto, appropriately completed, in exchange for such Holder's original Note, in a principal amount equal to the sum of (a) the principal amount of such ▇▇▇▇▇▇'s original Note outstanding on the date hereof, plus (b) the amount of interest that would have been due and payable on such Note on July 31, 2007, plus (c) the amount of interest that has accrued on such Holders' Notes (assuming that interest had been paid on July 31, 2007 by issuing PIK Notes) from July 31, 2007 through the date hereof, plus (d) such Holder's pro rata share of the consent fee described in Section 9.7 hereof, calculated as the ratio of the aggregate outstanding principal amount of the Notes held by such Holder to the aggregate principal amount of all Notes issued under the 2005 SPA. From and after the Effective Date, all of the replacement Notes shall be "Notes" for all purposes of the 2005 SPA and the other Note Documents, guarantied by the continuing Guaranties of the Guarantors pursuant to Article XI of the 2005 SPA and secured by the continuing security interests granted pursuant to the Security Documents and the original Notes shall have no further force or effect.