Prudential Note Agreement definition
Examples of Prudential Note Agreement in a sentence
The Company shall have delivered to such Purchaser true, correct and complete copies of the Prudential Note Agreement and all documents, instruments and agreements executed in connection therewith.
Each of the Company and its Subsidiaries, taken as a whole on a consolidated basis, is Solvent, both immediately before and immediately after giving effect to (w) the issuance and sale of the New Notes, (x) any issuance of notes pursuant to the Prudential Note Agreement, (y) the incurrence of any other Indebtedness by the Company and its Subsidiaries on the Closing Date and (z) the application of the proceeds of all such notes and other Indebtedness.
Substantially concurrently with the issuance and sale of the New Notes hereunder on the Closing Date, the Company shall issue and sell to the Prudential Purchasers on the Closing Date $50,000,000 in aggregate principal amount of its 5.70% Series T Guaranteed Senior Notes due February 22, 2032 pursuant to the terms of the Prudential Note Agreement.
The Company shall have entered into the Prudential Note Agreement in form and substance reasonably satisfactory to such Purchaser.
The Obligors’ obligations under the Financing Documents to which they are a party will, upon issuance of the Notes, rank at least pari passu, without preference or priority, with (i) all of their respective obligations under the Bank Loan Documents, the Prudential Note Agreement, the MetLife Note Agreement, the Barings Note Agreement and the AIG Note Agreement and (ii) all other present and future unsecured and unsubordinated indebtedness of the Obligors (including all Pari Passu Obligations).