Promissory Note; Securityholder Agreement Clause Samples

Promissory Note; Securityholder Agreement. Simultaneously with the execution of this Agreement, Searchlight is purchasing an Unsecured Promissory Note due 2023 issued by the Company dated as of the date hereof in the principal amount of $75,000,000 (the “Promissory Note”); and prior to the execution of this Agreement, Searchlight and the Company have entered into that Amended and Restated Securityholder Agreement dated as of July 13, 2015 (the “Securityholder Agreement”) which provides certain rights to Searchlight and provides for certain restrictions on the transfer of the SARs. Capitalized terms used but not defined herein will have the meaning ascribed to them in the Securityholder Agreement.