Common use of Permitted Escrow Notes Clause in Contracts

Permitted Escrow Notes. It is understood and agreed that upon the termination of the Notes Escrow Arrangements with respect to any series of Permitted Escrow Notes, such Indebtedness (to the extent not required to be repaid or redeemed upon such termination) shall continue to constitute Permitted Additional Debt if the conditions set forth in clause (I) of this definition are satisfied at the time of such termination.

Appears in 6 contracts

Samples: Joinder Agreement (Windstream Holdings, Inc.), Security Agreement (Windstream Services, LLC), Credit Agreement (Windstream Corp)

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