the Initial Permitted Convertible Notes; Clause Samples

the Initial Permitted Convertible Notes;. (n) other secured and unsecured Indebtedness not permitted by clauses (a) through (m) in an aggregate principal amount not to exceed $15,000,000 at any one time outstanding; (o) Indebtedness of PRA in an aggregate amount not to exceed $500,000,000, in the form of (i) senior, unsecured convertible notes (including the related indenture) (the “Add-On Permitted Convertible Note”, and, together with the Initial Permitted Convertible Notes, the “Permitted Convertible Notes”)Notes and/or (ii) other unsecured financings, in each case, which does not contain any financial covenants that are more restrictive than those financial covenants set forth herein or negative covenants that are more restrictive in any material respect than those negative covenants set forth herein (and any renewals, amendments or replacements of any such unsecured financings, so long as that the aggregate principal amount of any such Indebtedness is not increased at the time of such renewal, amendment or replacement thereof, except by an amount equal to a premium or other amount paid, and fees and expenses reasonably incurred, in connection with such refinancing); provided, that, in each case, (x) no Default or Event of Default has occurred or is continuing, or would result from the issuance of such IndebtendessIndebtedness and (y) such Indebtedness shall not have a maturity date or be subject to any form orof redemption withinon or prior to 180 days offollowing the Extended Maturity Date hereunder, other than pursuant to conversion of the Add-On Permitted Convertible Notes, customary provisions requiring redemption upon a “change of control” (as defined in the documentation relating to the Add-On Permitted Convertible Notes), the occurrence of a Fundamental Change or acceleration upon an event of default; (p) The Guarantee by PRA and/or any of its Subsidiaries of the Indebtedness of Aktiv Kapital which is permitted under Section 8.03(q); provided that any such Guarantee is subordinated to the Obligations in a manner reasonably satisfactory to the Administrative Agent; (q) Indebtedness, including the undrawn funding commitments, of Aktiv KapitalPRA Group Europe Holding S.à.▇.▇., or any direct or indirect parent holding company of such entity or any of its Subsidiaries (so long as such entity is not a Loan Party), which Indebtedness refinanced that certain Indebtedness assumed in connection with the Aktiv Kapital Acquisition; provided that such Indebtedness exists at the time of the Aktiv Ka...