Replacement Debt means any Refinancing Indebtedness (whether borrowed in the form of secured or unsecured loans, issued in a public offering, Rule 144A under the Securities Act or other private placement or bridge financing in lieu of the foregoing or otherwise) incurred in respect of Indebtedness permitted under Section 6.01(a) (and any subsequent refinancing of such Replacement Debt).
Replacement Debt means Permitted Refinancing Indebtedness where the net proceeds are applied substantially concurrently and in any event within one Business Day of the incurrence of the Permitted Refinancing Indebtedness (provided that the Company shall use its reasonable endeavours to procure that it is applied on the same day) in prepayment, purchase, defeasance or redemption of (a) the Senior Secured Notes or any Term Debt; or (b) any Permitted Refinancing Indebtedness.
Replacement Debt means any Refinancing Indebtedness (whether borrowed in the form of secured or unsecured loans, issued in a public offering, Rule 144A under the Securities Act or other private placement or bridge financing in lieu of the foregoing or otherwise) incurred in respect of Indebtedness permitted under Section 6.01(a) (and any subsequent refinancing of such Replacement Debt).
Examples of Replacement Debt in a sentence
Upon payment in full of (i) the Credit Agreement, any Replacement Debt and any indebtedness owed by the Purchaser to StadCo and (ii) all PSL Related Costs and Expenses related to the Program, the Collateral Agent shall promptly distribute to the Seller any amounts remaining on deposit in the PSL Cost and Expense subaccount of the Trust PSL-Sourced Proceeds Account.
The Replacement Debt shall be issued as Rule 144A Global Notes and Regulation S Global Notes and shall be executed by the Issuers and delivered to the Trustee for authentication and thereupon the same shall be authenticated.
Refinancing Placement Agent: Mizuho Securities USA LLC, in its capacity as placement agent of the Replacement Debt under the Refinancing Placement Agency Agreement.
A request from the Issuers directing the Trustee to authenticate the Replacement Debt in the amounts and names set forth therein.
Each Holder or beneficial owner of Replacement Debt, by its acquisition thereof on the First Refinancing Date, shall be deemed to agree to the Indenture, as supplemented by this Second Supplemental Indenture and the execution hereof by the parties hereto.
More Definitions of Replacement Debt
Replacement Debt means, collectively, Secured Replacement Debt and Unsecured Replacement Debt incurred by the Borrower (including by way of Senior Bonds) pursuant to Section 2.6 (Replacement Debt) in order to partially or in whole (a) refinance by prepaying or redeeming then existing Senior Debt or (b) replace by cancelling then existing Senior Debt Commitments.
Replacement Debt shall have the meaning given to such term in the Residual Certificate.
Replacement Debt means debt incurred to repay other existing debt provided that, except with respect to debt that refinances all existing debt scheduled to become due on or before 9 September 2014, the Replacement Debt shall only include debt (a) which does not provide for payment, on or before 9 September 2014, of current cash interest at a rate in excess of the existing debt refinanced or principal payments in excess of those required for existing debt refinanced and (b) which has no tighter covenant restrictions or events of default than the existing debt refinanced;”.
Replacement Debt means Senior Securities, the proceeds of which are used to refinance all or a portion of the outstanding Tax-Exempt Indenture Securities (whether by effecting a gross-up of, or by the issuance of Senior Securities to replace, affected Tax-Exempt Indenture Securities) upon the occurrence of a Determination of Taxability.
Replacement Debt means senior unsecured debt of the Parent that meets the following criteria: (i) such debt constitutes Refinancing Indebtedness, (ii) such debt does not require any payment or prepayment (including without limitation any sinking fund or similar payment) of principal prior to the Permitted Debt Maturity Date other than pursuant to mandatory prepayment requirements not materially more restrictive than those applicable to the Senior Notes, with such changes thereto as shall be reasonably acceptable to the Administrative Agent, and (iii) the affirmative covenants, negative covenants and events of default applicable thereto shall be substantially the same as those applicable to the New Notes, with such changes thereto as shall be reasonably acceptable to the Administrative Agent.
Replacement Debt has the meaning assigned to such term in Section 2.4(a).
Replacement Debt means any Refinancing Indebtedness (whether borrowed in the form of secured or unsecured loans, or issued in a public offering, Rule 144A under the Securities Act or other private placement or bridge financing in lieu of the foregoing or otherwise) incurred in respect of Indebtedness permitted under Section 6.01(a) (and any subsequent refinancing of such Replacement Debt); provided that prior to the incurrence or establishment of any Replacement Debt incurred under this Agreement, the Borrower shall, with respect to any such Indebtedness being refinanced that is held by the Principal Investors, offer the Principal Investors a bona fide opportunity to provide the entire amount of such Replacement Debt on terms specified by the Borrower and, to the extent the Principal Investors do not commit to provide such Replacement Debt on such specified terms within 10 Business Days, then the Borrower may obtain commitments from other Persons to provide such declined amount of Replacement Debt on such specified terms or on terms (taken as a whole) less favorable to such other Person (but not on terms (taken as a whole) more favorable to such other Person) in each case within 90 days of the Principal Investor Representative having declined on behalf of the Principal Investors; provided that the financing contemplated thereby shall be consummated in all material respects in accordance with such terms that were offered to the Principal Investors. For the avoidance of doubt, it is understood and agreed that the Borrower shall not be required to offer the Principal Investors such opportunity in connection with any refinancing or replacement that is provided by Persons other than the Principal Investors and that is not documented under this Agreement if, after giving effect thereto, all Revolving Credit Commitments shall have expired or terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable under any Loan Document (other than contingent indemnification obligations for which no claim or demand has been made) shall have been paid in full in Cash and all Letters of Credit shall have expired or have been terminated (or have been (x) Cash collateralized or back-stopped by a letter of credit or otherwise in a manner reasonably satisfactory to the relevant Issuing Bank or (y) deemed reissued under another agreement in a manner reasonably satisfactory to the Administrative Agent and the relevant Issuing Bank) and all LC Disbursemen...