Common use of High Yield Notes Issuer Clause in Contracts

High Yield Notes Issuer. If, at the time immediately prior to any High Yield Notes issue, the Borrower has drawn and has not repaid, or is entitled to draw, any amount under the Senior Facilities (other than the Revolving Facility (as defined in the Senior Facilities Agreement)), the High Yield Notes Issuer must be the Finance Company or a Holding Company of the Borrower and the Borrower shall not be entitled to be the High Yield Notes Issuer.

Appears in 2 contracts

Samples: Agreement (Nordic Telephone CO ApS), Bridge Facility Agreement (Nordic Telephone CO ApS)

AutoNDA by SimpleDocs

High Yield Notes Issuer. If, at the time immediately prior to any High Yield Notes issue, the Borrower Company has drawn and has not repaid, or is entitled to draw, any amount under the Senior Facilities (other than the Revolving Facility (as defined in the Senior Facilities Agreement)Facility), the High Yield Notes Issuer must be the Finance Company or a Holding Company of the Borrower Company and the Borrower Company shall not be entitled to be the High Yield Notes Issuer.

Appears in 2 contracts

Samples: Agreement (Nordic Telephone CO ApS), Senior Facilities Agreement (Nordic Telephone CO ApS)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.