Dish Network 2007 Annual Report Download - page 115

Table of Contents
ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — Continued
The indenture related to the 5 3/4% Senior Notes contains restrictive covenants that, among other things, impose limitations on the ability of
EDBS and its restricted subsidiaries to:
In the event of a change of control, as defined in the related indenture, we would be required to make an offer to repurchase all or any part of a
holder’s 5 3/4% Senior Notes at a purchase price equal to 101% of the aggregate principal amount thereof, together with accrued and unpaid
interest thereon, to the date of repurchase.
6 3/8% Senior Notes due 2011
The 6 3/8% Senior Notes mature October 1, 2011. Interest accrues at an annual rate of 6 3/8% and is payable semi-annually in cash, in arrears
on April 1 and October 1 of each year.
The 6 3/8% Senior Notes are redeemable, in whole or in part, at any time at a redemption price equal to 100% of their principal amount plus a
“make-whole” premium, as defined in the related indenture, together with accrued and unpaid interest.
The 6 3/8% Senior Notes are:
The indenture related to the 6 3/8% Senior Notes contains restrictive covenants that, among other things, impose limitations on the ability of
EDBS and its restricted subsidiaries to:
In the event of a change of control, as defined in the related indenture, we would be required to make an offer to repurchase all or any part of a
holder’s 6 3/8% Senior Notes at a purchase price equal to 101% of the aggregate principal amount thereof, together with accrued and unpaid
interest thereon, to the date of repurchase.
3% Convertible Subordinated Note due 2011
The 3% Convertible Subordinated Note, which was sold to CenturyTel Service Group, LLC (“CTL”) in a privately negotiated transaction,
matures August 25, 2011 and is convertible into 398,724 shares of our Class A common stock at the option of CTL at $62.70 per share, subject
to adjustment in certain circumstances. Interest accrues at an annual rate of 3% and is payable semi-annually in cash, in arrears on June 30 and
December 31 of each year.
F-28
•
incur additional indebtedness or enter into sale and leaseback transactions;
•
pay dividends or make distribution on EDBS
’
capital stock or repurchase EDBS
’
capital stock;
•
make certain investments;
•
create liens;
•
enter into transactions with affiliates;
•
merge or consolidate with another company; and
•
transfer and sell assets.
•
general unsecured senior obligations of EDBS;
•
ranked equally in right of payment with all of EDBS
’
and the guarantors
’
existing and future unsecured senior debt;
• ranked effectively junior to our and the guarantors’ current and future secured senior indebtedness up to the value of the collateral
securing such indebtedness.
•
incur additional indebtedness or enter into sale and leaseback transactions;
•
pay dividends or make distribution on EDBS
’
capital stock or repurchase EDBS
’
capital stock;
•
make certain investments;
•
create liens;
•
enter into transactions with affiliates;
•
merge or consolidate with another company; and
•
transfer and sell assets.