Replacement of Debt. The Issuer shall from time to time be entitled to (i) replace the Super Senior RCF in full (and up to the amount of the Super Senior Headroom) with one or several new debt facilities for general corporate purposes and/or working capital purposes (up to an aggregate amount, when combined with the principal amount of all other Super Senior RCF Debt, equal to the Super Senior Headroom) (the "Replacement Super Senior Debt") and/or (ii) replace the Senior Notes (up to an aggregate amount, when combined with the principal amount of all other Senior Debt, equal to the Senior Headroom) with new notes or debt facilities (the "Replacement Senior Debt"), provided that:
(a) the Transaction Security shall secure the Replacement Super Senior Debt on the same terms, mutatis mutandis, as it secures the previous Super Senior RCF, including the terms of this Agreement;
(b) the Transaction Security shall secure the Replacement Senior Debt on the same terms, mutatis mutandis, as it secures the Senior Notes, including the terms of this Agreement;
(c) each new creditor or its representative shall (directly or through an agent or a trustee) be a party to the Security Documents;
(d) the Security Agent shall hold the Transaction Security on behalf of each new creditor on the same terms, mutatis mutandis, as the Transaction Security is held by the Security Agent on behalf of the Secured Parties;
(e) each new creditor(s) of the Replacement Super Senior Debt shall:
(i) directly or through an agent or a trustee accede to this Agreement as a Super Senior RCF Creditor; and
(ii) have the same right to the Security and any guarantees and the proceeds pertaining thereto as the previous Super Senior RCF Creditor; and
(f) each new creditor(s) of the Replacement Senior Debt shall:
(i) directly or through an agent or a trustee accede to this Agreement as a Senior Creditor; and
(ii) have the same right to the Security and any guarantees and the proceeds pertaining thereto as the previous Senior Creditors.
Replacement of Debt. The Issuer shall from time to time be entitled to (i) replace the Super Senior WCF in full with one or several new revolving debt facilities for general corporate purposes and/or working capital purposes up to the amount of the Super Senior Headroom (the "Replacement Super Senior Debt") and/or (ii) replace the Bonds with new bonds or debt facilities (the "Replacement Senior Debt"); provided that:
Replacement of Debt. (a) The Issuer shall from time to time be entitled to (i) replace the Super Senior Working Capital Facility in full with one or several new working capital or revolving debt facilities for general corporate purposes and/or working capital purposes up to the amount of the Super Senior Headroom (the "Replacement Super Senior Debt") and/or (ii) replace the Bonds with new bonds or debt facilities (the "Replacement Senior Debt"), provided that:
(i) the Transaction Security and the Guarantees shall secure the Replacement Super Senior Debt on the same terms, mutatis mutandis, as it secures the previous Super Senior Working Capital Facility, including the terms of this Agreement;
(ii) the Transaction Security and the Guarantees shall secure the Replacement Senior Debt on the same terms, mutatis mutandis, as it secures the Bonds including the terms of this Agreement;
(iii) the new creditor(s) shall directly or through an agent or another representative be a party to the Security Documents and the Guarantee and Adherence Agreement;
(iv) the Security Agent shall hold the Transaction Security and the Guarantees on behalf of the new creditors on the same terms, mutatis mutandis, as the Transaction Security and the Guarantees are held by the Security Agent on behalf of the Secured Parties;
