AHYDO. The Second Lien Notes shall contain customary “AHYDO catch-up” payment provisions, providing that the Issuer will make payments on the Second Lien Notes, before the close of any accrual period ending after the fifth anniversary of the issue date, an amount sufficient to ensure that the Second Lien Notes will not be “applicable high yield discount obligations” within the meaning of Section 163(i)(1) of the Internal Revenue Code. Governing Law: New York.
Appears in 3 contracts
Sources: Term Loan Credit Agreement (Northern Oil & Gas, Inc.), Exchange Agreement (Northern Oil & Gas, Inc.), Exchange Agreement (Northern Oil & Gas, Inc.)