Permitted Notes Indenture Clause Samples
The Permitted Notes Indenture clause defines the specific terms and conditions under which a company is allowed to issue certain types of notes, typically debt securities, that are considered permissible under the broader agreement. This clause outlines the characteristics these notes must have, such as maturity dates, interest rates, and ranking in the capital structure, and may set limits on the total amount that can be issued or the purposes for which the proceeds can be used. Its core function is to provide clear boundaries for acceptable borrowing, ensuring that any new debt issued does not violate the terms of the existing agreement and protecting the interests of current creditors or stakeholders.
Permitted Notes Indenture. The occurrence of any “Event of Default” under and as defined in a Permitted Notes Indenture. Without limiting the provisions of Article VIII, if a Default shall have occurred under the Loan Documents, then such Default will continue to exist until it either is cured (to the extent specifically permitted) in accordance with the Loan Documents or is otherwise expressly waived by the Administrative Agent (with the approval of the requisite Appropriate Lenders (in their sole discretion) as determined in accordance with Section 10.01.
Permitted Notes Indenture. The occurrence of any “Event of Default” under and as defined in a Permitted Notes Indenture.