IP Supplemental Indenture definition

IP Supplemental Indenture means the Supplemental Indenture substantially in the form of Exhibit K-3, supplementing the IP Indenture to provide for the creation and issuance of the IP Credit Agreement Bond.

Examples of IP Supplemental Indenture in a sentence

• No payment of principal under the Credit Agreement shall reduce the principal amount of the Bond to an amount less than the greater of the Borrower Sublimit and the Borrower Credit Exposure, all as set forth in the Bond and in the IP Supplemental Indenture.

• In order to evidence and secure the Obligations of the Company and to provide the Lenders the benefit of the lien of the Indenture with respect to the Bond, the Company hereby delivers to the Agent the Bond in the aggregate principal amount of $200,000,000, maturing on January 14, 2010 and bearing interest as provided in the IP Supplemental Indenture.

• In order to evidence and secure the Obligations of the Company and to provide the Lenders the benefit of the lien of the Indenture with respect to the Bond, the Company hereby delivers to the Agent the Bond in the aggregate principal amount of $350,000,000, maturing on June 30, 2011 and bearing interest as provided in the IP Supplemental Indenture.