High Yield Indebtedness definition

High Yield Indebtedness means unsecured Indebtedness of a Borrower which is evidenced by the issuance of notes, bonds, debentures, other forms of debt securities or similar instruments in a public offering or private placement and which satisfies the following criteria:
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High Yield Indebtedness means collectively, (i) the Indebtedness incurred pursuant to that certain Indenture, dated as of May 13, 2020, under which the 2028 Senior Notes were issued, as amended, restated, supplemented, reaffirmed or otherwise modified, replaced or refinanced from time to time, (ii) the Indebtedness incurred pursuant to that certain Indenture, dated as of August 21, 2023, under which the 2030 Senior Notes were issued, as amended, restated, supplemented, reaffirmed or otherwise modified, replaced or refinanced from time to time, (iii) senior unsecured loans, senior unsecured notes or other similar high yield indebtedness and/or other unsecured Indebtedness, and (iv) solely to the extent amending, extending, replacing and/or refinancing the Indebtedness under clauses (i) or (ii) of this definition, senior secured Indebtedness, that (I) if secured by the Revolving Credit Priority Collateral, are subordinated in right of priority only with respect to the Revolving Credit Priority Collateral pursuant to an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent, or, (II) in the case of secured Indebtedness that does not have any Liens on any of the Revolving Credit Priority Collateral, either (A) such secured Indebtedness, in respect of any Real Property where Revolving Credit Priority Collateral is located with a value in excess of $15,000,000 are subject to a collateral access agreement in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent (it being understood and agreed that the form and substance of the Revolving Credit Collateral Access Letter Agreement dated as of February 9, 2012 is acceptable) or (B) the Collateral Agent, if so reasonably elected by it, shall have established Reserves in connection with the incurrence of such secured Indebtedness; provided, that any Indebtedness incurred pursuant to this clause (iv) which is secured shall have a maturity date of not less than 180 days after the Revolving Maturity Date.
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High Yield Indebtedness means the senior subordinated indebtedness in the amount of up to $200,000,000, and in an original amount of not less than $150,000,000, owing by Borrower as evidenced by Borrower's 10-5/8% senior subordinated notes due 2013 governed by the terms of the High Yield Documents.
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Examples of High Yield Indebtedness in a sentence

  • After the seventh anniversary of the Initial Issuance Date, dividends on the Series A Preferred Stock shall be payable in cash, unless such cash payment is prohibited by the terms of the indentures for the Company's Existing High Yield Indebtedness, in which case such dividends shall be payable in Additional Series A Securities.

  • After the fifth anniversary of the Initial Issuance Date, dividends on the Series B Preferred Stock shall be payable in cash, unless such payment is prohibited by the terms of the indentures for the Company's Existing High Yield Indebtedness in which case dividends shall be paid in Additional Series B Securities.

  • Please note that your application must provide clear examples reflecting how you will enact the Child Protections Guidelines in your proposed work.

  • The history professor and Mohammad Khatami’s supporter, Hashem Aghajari, had openly called for an Islamic Protestantism and was imprisoned (Amuzegar 2004: 84).

  • Upon the occurrence of any breach, default or event of default under any of the documentation relating to any New Subordinated High Yield Indebtedness, the Parent and the Borrower shall promptly notify the Administrative Agent.

  • This $2,000 will be paid into the teacher's 401(a) account already established.

  • To the extent that the Domestic Borrower has not raised $150,000,000 in gross proceeds from the issuance of High Yield Indebtedness and/or public or private equity and pre-paid the Loans in accordance with the provisions of Section 2.05(b) and reduced the Commitment in accordance with Section 2.11(c) on or prior to March 31, 2000, on April 1, 2000, the Commitment shall be reduced pro rata by $50,000,000 between the Domestic Commitment and the Foreign Commitment.

  • After the fifth anniversary of the Initial Issuance Date, dividends on the Series B Preferred Stock shall be payable in cash, unless such payment is prohibited by the terms of the indentures for the Company’s Existing High Yield Indebtedness in which case dividends shall be paid in Additional Series B Securities.

  • As explained by the agency, the terms “maintenance stands” and “maintenance platforms” are used interchangeably.

  • After the issuance of High Yield Indebtedness, at all times until the Obligations have been repaid in full and the Commitments have been terminated, the Borrowers shall not permit the Senior Leverage Ratio to be more than 2.25 to 1.00.


More Definitions of High Yield Indebtedness

High Yield Indebtedness as defined in the recitals hereto.
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High Yield Indebtedness means any unsecured Debt for Borrowed Money issued by the Domestic Borrower or unsecured Debt for Borrowed Money that is contractually subordinate to the Obligations hereunder on terms and conditions, and subject to documentation acceptable to Majority Lenders
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High Yield Indebtedness as defined in the recitals hereto.
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Related to High Yield Indebtedness

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Secured Longer-Term Indebtedness means, as at any date, Indebtedness for borrowed money (other than Indebtedness hereunder) of the Borrower (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum (or an amount in excess of 1% of the aggregate initial principal amount of such Indebtedness per annum on terms mutually agreeable to the Borrower and the Required Lenders)) or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date; (b) is incurred pursuant to documentation containing (i) financial covenants, covenants governing the borrowing base, if any, covenants regarding portfolio valuations, and events of default that are no more restrictive in any respect than those set forth in this Agreement (other than, if such Indebtedness is governed by a customary indenture or similar instrument, events of default that are customary in indentures or similar instruments and that have no analogous provisions in this Agreement or credit agreements generally) (provided that, upon the Borrower’s request, this Agreement will be deemed to be automatically amended (and, upon the request of the Administrative Agent or the Required Lenders, the Borrower and the Lenders shall enter into a document evidencing such amendment), mutatis mutandis, to make such covenants more restrictive in this Agreement as may be necessary to meet the requirements of this clause (b)(i)) and (ii) other terms (other than interest and any commitment or related fees) that are no more restrictive in any material respect than those set forth in this Agreement; and (c) ranks pari passu with the obligations under this Agreement and is not secured by any assets of any Person other than any assets of any Obligor pursuant to the Security Documents and the holders of which, or the agent, trustee or representative of such holders on behalf of and for the benefit of such holders, have agreed to be bound by the provisions of the Security Documents in a manner reasonably satisfactory to the Administrative Agent and the Collateral Agent. For the avoidance of doubt, (a) Secured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Secured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition and (b) any payment on account of Secured Longer-Term Indebtedness shall be subject to Section 6.12.

  • Unsecured Longer-Term Indebtedness means any Indebtedness of the Borrower that (a) has no amortization or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date (it being understood that (i) the conversion features into Permitted Equity Interests under convertible notes (as well as the triggering of such conversion and/or settlement thereof solely with Permitted Equity Interests) shall not constitute “amortization” for the purposes of this definition and (ii) any mandatory redemption, repurchase or prepayment obligation or put right that is contingent upon the happening of an event that is not certain to occur (including, without limitation, a change of control or bankruptcy) shall not in and of itself be deemed to disqualify such Indebtedness under this clause (a) (notwithstanding the foregoing, in this clause (ii), the Borrower acknowledges that any payment prior to the Termination Date in respect of any such obligation or right shall only be made to the extent permitted by Section 6.12)), (b) is incurred pursuant to terms that are substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as reasonably determined in good faith by Borrower (other than financial covenants and events of default, which shall be no more restrictive upon the Borrower and its Subsidiaries, prior to the Termination Date, than those set forth in this Agreement) (it being understood that put rights or repurchase or redemption obligations arising out of circumstances that would be Events of Default under this Agreement shall not be deemed to be more restrictive for purposes of this definition), and (c) is not secured by any assets of any Person. For the avoidance of doubt, Unsecured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Unsecured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition.

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Relevant Indebtedness means any Indebtedness which is in the form of or represented by any bond, note, debenture, debenture stock, loan stock, certificate or other instrument which is, or is capable of being, listed, quoted or traded on any stock exchange or in any securities market (including, without limitation, any over-the-counter market);

  • Unsecured Indebtedness means, with respect to any Person, all Indebtedness of such Person for borrowed money that does not constitute Secured Indebtedness.

  • Senior Secured Indebtedness means, as of any date of determination, the principal amount of any Indebtedness for borrowed money that is secured by a Lien.

  • Purchase Money Indebtedness means (a) any indebtedness incurred for the payment of all or any part of the purchase price of any fixed asset, including indebtedness under capitalized leases, (b) any indebtedness incurred for the sole purpose of financing or refinancing all or any part of the purchase price of any fixed asset, and (c) any renewals, extensions or refinancings thereof (but not any increases in the principal amounts thereof outstanding at that time).