Satisfaction by Payments on the Guarantee. Pursuant to the Indenture, the Company will guarantee the due and punctual payment of the principal of, premium, if any, and interest on, and all other amounts payable under, the Secured Notes (including any Additional Amounts payable upon redemption, in respect thereof) when and as the same shall become due and payable, whether at Stated Maturity, by declaration of acceleration or otherwise. To the extent that the Company makes a payment on the Guarantee, it will be deemed to have made a payment on the Issuer Loans then outstanding, such payments to be allocated pro rata to each of Tranches of the Loan and pro rata to the Loan and the Other Loans.
Appears in 20 contracts
Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (R&b Falcon Corp)
