Secured Notes Sample Clauses
The 'Secured Notes' clause defines the terms under which a debt instrument, known as a note, is backed by specific collateral to provide security for the lender. In practice, this clause outlines what assets are pledged as security, the rights of the noteholders in the event of default, and the procedures for enforcing the security interest. By establishing a clear framework for collateralization, the clause protects lenders by reducing their risk and ensuring they have a claim to certain assets if the borrower fails to meet repayment obligations.
Secured Notes. (i) The Notes sold to Persons that are not “U.S. Persons” (as defined in Regulation S) shall each be issued initially in the form of one permanent global Note per Class in definitive, fully registered form without interest coupons substantially in the form attached as Exhibit A hereto (each, a “Regulation S Global Note”), and shall be deposited on behalf of the subscribers for such Notes represented thereby with the Trustee as custodian for, and registered in the name of a nominee of, DTC for the respective accounts of Euroclear and Clearstream, duly executed by the Issuers and authenticated by the Trustee or the Authenticating Agent as hereinafter provided.
(ii) The Notes sold to Persons that are QIB/QPs shall each be issued initially in the form of one permanent global Note per Class (unless such Persons elect to receive a Certificated Note) in definitive, fully registered form without interest coupons substantially in the form attached as Exhibit A hereto (each, a “Rule 144A Global Note”) and shall be deposited on behalf of the subscribers for such Notes represented thereby with the Trustee as custodian for, and registered in the name of Cede & Co., a nominee of, DTC, duly executed by the Issuers and authenticated by the Trustee or the Authenticating Agent as hereinafter provided.
(iii) The Secured Notes sold to persons that are a QIB/QP, may upon request be issued in the form of one or more definitive, fully registered notes without coupons substantially in the form attached as Exhibit A hereto (a “Certificated Note”) which shall be registered in the name of the beneficial owner or a nominee thereof, duly executed by the Issuers and authenticated by the Trustee or Authenticating Agent as hereinafter provided.
(iv) The aggregate principal amount of the Regulation S Global Notes and the Rule 144A Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee or DTC or its nominee, as the case may be, as hereinafter provided.
Secured Notes. 6 SECTION 2.02. Payment from Indenture Estate Only........... 7 SECTION 2.03.
Secured Notes. The Series 1996 A-3 Secured Notes ----------------------------- shall:
Secured Notes. Evidence that the Secured Notes shall have been or shall substantially concurrently with the effectiveness of this Agreement be funded in an aggregate principal amount of not less than $500,000,000.
Secured Notes. Such Secured Noteholder is the holder of the Secured Note(s) set forth opposite its name on Schedule 1 hereto, and such Secured Note(s) constitute all of the secured indebtedness owed by the Company to such Secured Noteholder. Such Secured Noteholder has not granted any other Person a security interest, lien or other Encumbrance with respect to such Secured Note(s), the Company or any of its Affiliates or any of its or their respective assets.
Secured Notes. The original Secured Notes, which shall be cancelled following payment therefor at the Closing, and an executed counterpart of an agreement in form and substance satisfactory to Purchaser from the holders of the Secured Notes acknowledging and agreeing that (i) on payment of the aggregate Secured Notes Payment Amount, the Secured Notes will be paid in full and that effective as of the Closing, the Secured Notes and the Security Agreement are deemed cancelled and terminated and (ii) such holder will execute and file, or authorizes Purchaser to file on its behalf, as of the Closing Date any financing statements, including without limitation any UCC financing statement amendments, necessary or desirable to terminate any security interest granted to such holders under the Security Agreement.
Secured Notes. At any time, directly or indirectly, pay, prepay, repurchase, redeem, retire or otherwise acquire or make any payment on account of any principal of, interest on or premium payable in connection with the repayment or redemption of the Secured Notes, except that Radnor may (a) pay all regularly scheduled payments of interest on the Secured Notes and principal thereof at maturity, (b) repurchase or redeem the Secured Notes at the then applicable repurchase or redemption price (including interest) so long as no Event of Default has occurred and is continuing and after giving effect to such repurchase or redemption Undrawn Availability of the Borrowers under this Agreement is not less than $9,000,000, and (c) prepay the Secured Notes to the extent that any Borrower sells collateral which secures the Secured Notes and is required to make such prepayment under the terms of the Secured Indenture.
(h) Section 7.19 shall be deleted in its entirety and replaced with the following:
Secured Notes. All Company Options shall have been exercised for shares of Company Common Stock effective immediately prior to the Effective Time, or shall be cancelled by their terms or the terms of the Company Stock Option Plans as of the Effective Time, and the Company shall have provided to Parent each original executed Secured Note issued to the Company by any former holder of Company Options.
Secured Notes. Claim Any Claim against a Debtor arising under, derived from, secured by, based on, or related to the Secured Notes Indenture or any other agreement, instrument or document executed at any time in connection therewith and any guaranty thereof. Secured Notes Indenture That certain instrument, dated as of April 16, 2014, between FTS, certain guarantors, and the Secured Notes Trustee, as amended, restated, amended and restated, modified, or supplemented from time to time. Secured Notes Trustee U.S. Bank National Association, as collateral agent and trustee under the Secured Notes Indenture. Term Loan Agent W▇▇▇▇ Fargo Bank, National Association, as administrative agent under the Term Loan Agreement. Term Loan Agreement That certain credit agreement, dated as of April 16, 2014, between FTS, certain lenders, and the Term Loan Agent, as amended, restated, amended and restated, modified, or supplemented from time to time. Term Loan Claim Any Claim against a Debtor arising under, derived from, secured by, based on, or related to the Term Loan Agreement or any other agreement, instrument or document executed at any time in connection therewith and any guaranty thereof. Term Loan Lender Any lender party to the Term Loan Agreement. Unimpaired With respect to a Class of Claims or Interests, a Class of Claims or Interests that is not Impaired.
Secured Notes. The Company will use its best efforts to, by December 31, 2000, secure the 8.75% Convertible Debentures Due 2004 with all of the assets of the Company not secured by any other party, including but not limited to it patents, equipment, furniture and fixtures, inventory, accounts receivable, and cash in the bank. The debenture will be secured pursuant to an indenture between the Company and the Trustee under the indenture, initially Interwest Transfer Co., Inc