Examples of Opco Indenture in a sentence
Borrowers and Guarantors shall not, and shall not permit any Subsidiary to, designate any Indebtedness, other than the Obligations as the “Bank Indebtedness” or “Designated Senior Indebtedness” under the Opco Indenture, or any similar term under and as defined in the agreements relating to any other Indebtedness of any Borrower or Guarantor, including Subordinated Debt, which contains such designation.
Except to the extent required by the terms of the Opco Indenture, the Company will not permit Opco to prepay all or any part of the Indebtedness outstanding under the Opco Indenture without repaying the Notes issued hereunder on a pro rata basis at the same time and otherwise in accordance with Section 8.2. Unless earlier prepaid, the Company will refinance the Notes issued hereunder at maturity on a pro rata basis at the same time that the Indebtedness outstanding under the Opco Indenture is refinanced.
The Borrower will not, and the Borrower will not permit any of its Subsidiaries to, incur Indebtedness (as defined in the applicable Incorporated Parent Indenture or Incorporated Opco Indenture) by utilizing any Ratio Debt Basket.