Subsequent Exchange is defined in Section 4.01 of this Agreement.
Subsequent Exchange means the exchange by the Issuer of any or all Intelsat Luxembourg 2018 Notes held by the Issuer for new 12.50% senior notes of Intelsat Luxembourg due 2024.
Subsequent Exchange shall have the meaning set forth in Section 1.1(b).
Examples of Subsequent Exchange in a sentence
The Company shall provide notice to the Trustee of any Subsequent Draw and Subsequent Exchange at least 5 Business Days prior to the anticipated Closing Date of such Subsequent Draw and Subsequent Exchange, unless the Trustee shall agree to a shorter notice period.
For the avoidance of doubt, the Trustee shall have no obligation to ascertain or confirm that any Subsequent Draw or Subsequent Exchange is in compliance with the terms of August 2024 Purchase Agreement, the August 2024 Exchange Agreement or any other document, and shall not be deemed to have knowledge of any terms thereof for any purpose whatsoever.
More Definitions of Subsequent Exchange
Subsequent Exchange. Second Out Term Loans”) and (ii) at any time, as consideration for purchases by the Borrower (or other assignments or exchanges) of (A) Existing Revolving Loans pursuant to a Subsequent Loan Exchange Agreement and (B) each applicable Revolving Lender’s Revolving Commitment in the same amount, Revolving Loans on terms set forth in this Agreement and as part of the same Class as any then-existing Revolving Loans (such loans the “Subsequent Exchange Revolving Loans” and, together with the Subsequent Exchange Term Loans, collectively, “Subsequent Exchange Loans”) in principal amount equal to the principal amount of the Existing Revolving Loans so purchased, assigned or exchanged (it being agreed that, upon the initial issuance of any such Subsequent Exchange Revolving Loans pursuant to this Section 2.16, the amount of the Revolving Commitments shall be increased by the amount of such issued Subsequent Exchange Revolving Loans on a dollar-for-dollar basis (as may be evidenced by a Subsequent Exchange Loan Amendment pursuant to clause (4) below)); provided that (I) on or prior to the date of any issuance of any Revolving Loans pursuant to the foregoing clause (ii), the holder of the applicable Existing Revolving Loans being exchanged therefor shall have provided its consent to an amendment to the Existing Credit Agreement (as amended by the Existing Credit Agreement Amendment) pursuant to which the Financial Covenant (as defined therein) is permanently removed or waived; and (II) no issuance of Subsequent Exchange Loans in accordance with the terms of this Section 2.16 shall require the approval of any Lender hereunder;
Subsequent Exchange has the meaning set forth in the August 2024 Exchange Agreement.
Subsequent Exchange shall have the meaning ascribed thereto in Section 2.01 hereof;