Permitted 0000 Xxxx Xxxx definition

Permitted 0000 Xxxx Xxxx means Debt of Parent resulting from the issuance by Parent of senior unsecured notes in an aggregate outstanding principal amount of $300,000,000, and which Debt (a) has a coupon or interest rate of nine and seven-eighths percent (9.875%) per annum, (b) matures on October 1, 2020, (c) is not secured by any Properties of the Credit Parties, (d) does not provide for or otherwise require any amortization prior to scheduled maturity, and (e) is evidenced and governed by the 2010 Indenture and related documentation containing customary terms and conditions, including, without limitation, covenants and events of default, for senior unsecured notes or senior subordinated notes of like tenor and amount.

Permitted 0000 Xxxx Xxxx means Debt of the Borrower resulting from the issuance by the Borrower of senior unsecured notes in an aggregate outstanding principal amount not to exceed $550,000,000 governed by the 2015 Indenture.

Permitted 0000 Xxxx Xxxx means Debt of Parent resulting from the issuance by Parent of senior unsecured notes in an aggregate outstanding principal amount of $325,000,000, and which Debt (a) has a coupon or interest rate of eight and seven-eighths percent (8.875%) per annum, (b) shall not mature sooner than the date which is one year following the earlier of (i) the Maturity Date, and (ii) the date on which there are no Loans, LC Exposure or other obligations hereunder outstanding and all of the Commitments are terminated, (c) is not secured by any Properties of the Credit Parties, (d) does not provide for or otherwise require any amortization prior to scheduled maturity, and (e) is evidenced and governed by the 2007 Indenture and related documentation containing customary terms and conditions, including, without limitation, covenants and events of default, for senior unsecured notes or senior subordinated notes of like tenor and amount, each of which shall be satisfactory to the Administrative Agent in its sole reasonable discretion.

Examples of Permitted 0000 Xxxx Xxxx in a sentence

• Notwithstanding anything to the contrary contained herein, if the Borrower issues any Permitted Unsecured Debt (other than any Permitted 0000 Xxxx Xxxx) after the date hereof, on each Date of Issuance (as defined in the definition of Permitted Unsecured Debt) the Borrowing Base then in effect shall be reduced automatically by an amount equal to the product of 0.25 and the stated principal amount of the Permitted Unsecured Debt so issued.

• United States, 451U.S. 204 (1981), explained the background and definition of a general warrant: The Fourth Amendment was intended partly to protect against the abuses of the general warrants that had occurred in England and the writs of assistance used in the Colonies.

• In connection with the contemplated Merger Transactions, the Borrower has informed the Administrative Agent that pursuant to Section 5.5(h) of the Merger Agreement, it must (a) send the Redemption Notice (as defined in the Merger Agreement) to the holders of the Permitted 0000 Xxxx Xxxx and (b) Redeem the Permitted 0000 Xxxx Xxxx in full.

More Definitions of Permitted 0000 Xxxx Xxxx

Permitted 0000 Xxxx Xxxx has the meaning assigned to such term in the Existing Credit Agreement.

Permitted 0000 Xxxx Xxxx contained in Section 1.02 of the Credit Agreement shall be amended to read in full as follows:

Permitted 0000 Xxxx Xxxx means (a) Debt of the Borrower resulting from the issuance by the Borrower of senior unsecured notes in an aggregate outstanding principal amount not to exceed $400,000,000 plus the amount of interest thereon paid in kind in accordance with the terms of the Permitted 2013 Bond Documents, and which Debt (i) has a coupon or interest rate of twelve percent (12%) per annum (or thirteen (13%) percent per annum in certain instances when a portion of such interest is to be paid in kind), (ii) matures on July 15, 2018, (iii) is not secured by any Properties of the Credit Parties, (iv) does not provide for or otherwise require any amortization prior to scheduled maturity, and (v) is evidenced and governed by the 2013 Indenture and related documentation containing customary terms and conditions, including, without limitation, covenants and events of default, for senior unsecured notes or senior subordinated notes of like nature, tenor and amount, and (b) any Debt which represents an extension, refinancing, or renewal of any of the foregoing in accordance with Section 9.02(j).