Existing Target Notes definition
Examples of Existing Target Notes in a sentence
To amend the provisions of the Offer to Repurchase upon Change of Control covenant (Section 4.15) of the indenture governing the Existing Target Notes to provide that the Acquisition by Pinnacle or any of its subsidiaries of the Target Company (including any merger of the Target Company into Pinnacle) shall not require the Target Company, Pinnacle or any other person or entity to offer to purchase any Existing Target Notes.
Target Notes; provided that any replacement, renewal or refinancing of the Existing Target Notes with the proceeds of Indebtedness shall be limited to Indebtedness otherwise permitted under this Agreement that is pari passu with the Indebtedness under the Loan Documents.
For the avoidance of doubt, no portion of the Term A Facility Subsequent Advance may be utilized to prepay Term B Loans unless the Target Note Put Right has fully expired, without any further right of the holders of the Existing Target Notes to exercise any such right, and such amounts are not necessary to consummate any such Target Note Put Right.
The Merger Agreement shall contain provisions reasonably satisfactory in form and substance to the Lenders pursuant to which the Sellers shall have agreed that the costs of any redemption of the Existing Target Notes in excess of 101% of the face amount thereof shall be for the account of the Sellers.
Existing Target Notes; provided that any replacement, renewal or refinancing of the Existing Target Notes with the proceeds of Indebtedness shall be limited to Indebtedness otherwise permitted under this Agreement that is pari passu with the Indebtedness under the Loan Documents.