Examples of SpinCo Notes in a sentence
Notwithstanding anything to contrary herein, no Subsidiary shall be permitted to guarantee the SpinCo Notes unless such Subsidiary also guarantees the Obligations.
Each of KAR and SpinCo shall cooperate in the preparation of all materials as may be necessary or advisable to effect the SpinCo Credit Facility and the SpinCo Notes.
SpinCo shall borrow a principal amount of $800.0 million Dollars under the SpinCo Credit Facility and issue SpinCo Notes in an aggregate principal amount of $500.0 million Dollars and, subject to the availability of sufficient surplus and satisfaction of all other requirements under Delaware law, prior to the Effective Time, SpinCo shall use a portion of the proceeds from the SpinCo Credit Facility and the SpinCo Notes to make the Cash Distribution.
Subject to Section 8.13(b), prior to the Post-Merger Transactions, SpinCo shall borrow an amount not to exceed the SpinCo Loans Amount of term loan and/or revolving credit facility borrowings containing the terms described in paragraph (b) below (the “SpinCo Loans” , and collectively with the SpinCo Notes, the “SpinCo Debt”).
After giving effect to the Transactions, Acquiror and its subsidiaries, including Borrower, shall have outstanding no third party indebtedness for borrowed money other than the Acquiror ABL Facility, the Existing Acquiror Notes, the Term Facility, either the SpinCo Notes or the Exchange Loans and such other indebtedness approved by the Arrangers in their reasonable discretion.
BellRing, Post, SpinCo and Merger Sub now desire to amend Section 8.13(b) of the Transaction Agreement to provide that the SpinCo Notes will have a term of no less than eight years and no greater than ten years.
In addition to the amounts above, on March 31, 2014 the Company recorded $15 million of management fees, which is included in income (loss) from discontinued operations, as provided in the Management Agreement for services rendered in connection with the issuance of the $1.025 billion SpinCo Term Loan and $425 million of SpinCo Notes.
In consideration for the Contribution, AS SpinCo shall (a) issue to SDS 197,705,449 shares of AS SpinCo Common Stock, (b) issue to SDS the AS SpinCo Notes and (c) pay to SDS the Cash Proceeds.
Notwithstanding anything to contrary herein, no Subsidiary shall be permitted to guarantee the SpinCo Notes or the 2029 Notes unless such Subsidiary also guarantees the Obligations.
Notwithstanding anything to contrary herein, no Subsidiary shall be permitted to guarantee the SpinCo Notes or the Existing Senior Subordinated Notes unless such Subsidiary also guarantees the Obligations.