Restriction on Certain Proceeds Sample Clauses

Restriction on Certain Proceeds. On the Issue Date, the Issuer shall deposit the Original Issuance Restricted Amount into the Satellite Construction Collateral Account. The Original Issuance Restricted Amount will only be available to the Issuer or a Restricted Subsidiary to finance the procurement, construction and/or launch of one or more Satellites after the Issue Date, provided that at the time of any such withdrawal from the Satellite Construction Collateral Account, the Issuer or a Restricted Subsidiary shall have been selected by the National Geospatial-Intelligence Agency for an award with respect to a new Satellite. Any amount of the Original Issuance Restricted Amount not applied to finance the procurement, construction and/or launch of one or more Satellites after the Issue Date may, at the Issuer’s option, be used to make an offer to all Holders (a “Restricted Proceeds Offer”) to purchase Notes at an offer price of 100% of the principal amount plus accrued and unpaid interest and Additional Interest, if any, to the date of purchase in accordance with the procedures set forth in Section 4.06 as if such amount of Original Issuance Restricted Amount were Excess Proceeds (disregarding for the purposes of this Section 4.17 only, the $15.0 million threshold described in Section 4.06(d)). If any Original Issuance Restricted Amount remains after consummation of such a Restricted Proceeds Offer, the Issuer may use that remaining Original Issuance Restricted Amount for any purpose not otherwise prohibited by this Indenture.