This excerpt taken from the AGYS 10-K filed Jun 29, 2005.
The principal amount of Senior Notes outstanding at March 31, 2005 was $59.4 million. The Senior Notes pay interest semi-annually on February 1 and August 1 at an annual rate of 9.5%. Interest accrued on the Senior Notes as of March 31, 2005 was approximately $1.0 million. The indenture under which the Senior Notes were issued limits the creation of liens, sale and leaseback transactions, consolidations, mergers and transfers of all or substantially all of the companys assets, and indebtedness of the companys restricted subsidiaries. The Senior Notes are subject to mandatory repurchase by the company at the option of the holders in the event of a change in control of the company.