Senior Notes Escrow Account definition
Senior Notes Escrow Account means the escrow account to be established and maintained by the Borrower with the Administrative Agent for the purpose of receiving and holding funds in escrow solely for the repayment of amounts outstanding under the Senior Notes (including the payment of any related interest and premiums) to the extent (i) the escrow terms, (ii) documentation and (iii) the arrangements pursuant to which such Senior Notes will be repaid with the amounts held in the Senior Notes Escrow Account, in each case, are reasonably satisfactory to the Administrative Agent.
Senior Notes Escrow Account means the escrow account into which the gross proceeds of the offering of the Senior Notes were deposited on the Issue Date;
Senior Notes Escrow Account means the escrow account with a bank or trust company with not less than $100,000,000 in assets, as escrow agent, set up by the Company in accordance with the Senior Notes Indenture, which escrow account shall be pledged to the Senior Notes Trustee for the benefit of the holders of the Senior Notes and, subject to the terms of the Senior Notes Intercreditor Agreement, the Holders.
Examples of Senior Notes Escrow Account in a sentence
Such decrease in the Borrowing Base shall occur automatically upon the receipt of the net proceeds of the 2024 Senior Notes from the 2024 Senior Notes Escrow Account by the Borrower, without any vote of the Lenders or action by the Administrative Agent.
As such, upon receipt by the Borrower of the net proceeds from the issuance of the 2024 Senior Notes from the 2024 Senior Notes Escrow Account, the Borrowing Base and, per Section 2.06(c)(iii) of the Credit Agreement, the Aggregate Elected Commitments, in each case, shall be automatically reduced by an amount equal to 25% of the aggregate stated principal amount of the 2024 Senior Notes.
More Definitions of Senior Notes Escrow Account
Senior Notes Escrow Account the escrow account into which the proceeds of the Senior Notes are to be deposited prior to the release of such funds to Quiksilver, which funds shall be released in accordance with escrow documentation in form and substance reasonably satisfactory to the Administrative Agents.
Senior Notes Escrow Account means the account or accounts with the Escrow Agent into which the net proceeds of the issuance of the Notes (other than the Retained Fee) will be deposited.
Senior Notes Escrow Account means the account with the Escrow Agent into which the net proceeds of the issuance of the Notes issued on the Issue Date will be deposited.
Senior Notes Escrow Account means the escrow account to be established and maintained by the Borrower with