New Horizon Unsecured Notes Sample Clauses
The "New Horizon Unsecured Notes" clause defines the terms and conditions governing a specific series of debt instruments issued by the company that are not backed by collateral. This clause typically outlines the principal amount, interest rate, maturity date, and repayment obligations associated with these notes, as well as any covenants or restrictions imposed on the issuer. By clearly specifying the rights and obligations of both the issuer and the noteholders, this clause ensures transparency and helps manage the risk associated with unsecured borrowing.
New Horizon Unsecured Notes. Substantially concurrently with the Borrowing of the 2015 Term Loans hereunder, the gross proceeds from the offering of New Horizon Unsecured Notes shall be released from escrow with aggregate gross proceeds of not less than $475,000,000.