Examples of Senior Subordinated Indentures in a sentence
The Indebtedness of the Borrower constitutes "Senior Indebtedness" and "Designated Senior Indebtedness," and the Indebtedness of each Guarantor under the Loan Documents to which it is a party constitutes "Guarantor Senior Indebtedness", in each case, under and as defined in the PLX Senior Subordinated Indentures and the 2002 Senior Subordinated Indenture.
Except as permitted by Section 8.09 hereof, the Company will not prepay, redeem, effect a defeasance or covenant defeasance or otherwise retire any of the Indebtedness issued pursuant to the Senior Subordinated Indentures.
Notwithstanding any other provision of this Indenture, the restrictive covenants set forth in this Indenture, including, without limitation, those set forth in Sections 4.7, 4.9, 4.10, 4.11 and 5.1 shall be and shall be deemed limited to the extent necessary so that the creation, existence and effectiveness of such restrictive covenants shall not result in a breach of the covenant set forth in Section 4.8 of the Senior Subordinated Indentures.
The proceeds of the Loans and the Letters of Credit shall be used to provide working capital for exploration and production operations, to provide funds to PLX to refinance Debt under the Existing Credit Agreement and the PLX Senior Subordinated Indentures and for general corporate purposes.
Obligors further certify that the Commitments and Obligations constitute “Senior Debt” under the Senior Subordinated Indentures.