New High Yield Notes definition
Examples of New High Yield Notes in a sentence
Prior to or substantially simultaneously with the Closing, (x) PHH or the Escrow Issuer shall have completed an Acceptable High Yield Offering, (y) if the New High Yield Notes are issued into escrow, the Escrow Release Debt shall occur, and (z) Onity and PHH shall apply all proceeds of the High Yield Offering and the Interest Redemption in accordance with Section 3(f).
The obligations of the Borrowers under this Agreement and the other Loan Documents constitute “Pari Passu Indebtedness”, “Permitted Indebtedness” and, in the case of Indebtedness of FDTH and Telegraph hereunder, “Permitted Subsidiary Indebtedness” under the New High Yield Notes.
The list of Existing Financial Indebtedness contained in Schedule 11 (Existing Financial Indebtedness) is, in all material respects, a true, complete and accurate list of all the Group’s existing Financial Indebtedness in respect of (a) the 2009 Financing Agreement, Bancomext Facility and the Banco Industrial de Guatemala Facility and (b) public debt instruments (other than the New High Yield Notes), in each case as at the date of this Agreement.
The Company has heretofore furnished to the Administrative Agent true and complete final copies (in each case as in full force and effect) of all the documents relating to New High Yield Notes, the Tax Indemnity Agreements, the Tax Allocation Agreement, the 1996 Senior Subordinated Indenture, the 1997 Senior Subordinated Indenture, the 1997 Senior Indenture, and the Co-Operation Agreement dated June 23, 1992 between ▇▇▇▇▇▇▇▇▇, Inc.
A certified true copy of the indenture relating to the New High Yield Notes.