Applicable Notes Indenture Cap definition
Applicable Notes Indenture Cap means the maximum amount of secured Indebtedness (and, notwithstanding the definition of “Indebtedness,” with letters of credit (including Letters of Credit) being deemed to have an outstanding principal amount of Indebtedness equal to the maximum potential liability of the Borrower and its Restricted Subsidiaries thereunder) that is permitted under any Permitted Unsecured Notes Indenture; provided that if different Permitted Unsecured Notes Indentures permit different amounts of Indebtedness, the most restrictive Permitted Unsecured Notes Indenture shall govern for purposes of this definition.
Applicable Notes Indenture Cap means the maximum amount of Indebtedness permitted under Section 4.03(b) of the indentures governing the 8.250% Senior Notes due 2020 and the 6.375% Senior Notes due 2021 and Section 3.2(1) of the Existing 2022 Notes Indenture (or analogous provisions of indentures governing Permitted Unsecured Notes incurred after the Closing Date), as such section is in effect from time to time; provided that if such section in the different indentures permit different amounts of Indebtedness, the most restrictive provision shall govern for purposes of this definition.