Examples of Existing High Yield Notes in a sentence
Save to the extent expressly permitted under the terms of the HYD Intercreditor Agreement and, if applicable, any Supplemental HYD Intercreditor Agreement, without the consent of an Instructing Group, the Parent will not agree any amendment to the Existing High Yield Notes which brings forward the final maturity earlier that 31 December 2015.
The Company shall use the proceeds of the Loan to make loans to UPC as and when cash interest payments on the Existing High Yield Notes become due and payable, to make loans to UPC to enable UPC to pay corporate overhead and information technology expenses and other working capital purposes of UPC not to exceed $85.0 million in the aggregate during any fiscal year, to make loans to Subsidiaries of UPC and to make Investments in Tevel not to exceed $23.0 million.
Notwithstanding anything contained in this Deed, the guarantee provided by the Company in favour of the Alternative Bridge Finance Parties as security for the Alternative Bridge Liabilities shall be “Senior Indebtedness” (as defined in the Indenture dated 13 April 2004 relating to Existing High Yield Notes).
Each Obligor will not, and will procure that no other Obligor makes any payments of principal or interest on or otherwise purchases, redeems, defeases or otherwise discharges amounts under the Existing High Yield Notes or the Existing FRN Bonds other than by way of a Permitted HY Payment or a Permitted FRN Payment, as the case may be.
It is the intention of the parties to this Agreement that the covenants of the Obligors contained in Sections 7.1(b) and (c), 7.4(c), 7.5(a), 7.6(a), (c) and (d) and 7.10 not constitute a breach of Section 10.13 of the Indenture and provisions of similar import contained in the other indentures under which the Existing High Yield Notes are issued or the UGC Indentures (an "Indenture Covenant").