Cablevision Notes Sample Clauses
Cablevision Notes. There shall occur any consent, amendment or waiver of any of the terms (including related provisions) of the Cablevision Notes (or any refinancing of the Cablevision Notes) related to indebtedness, restricted payments, investments, liens or consolidations in, or the redemption of, the Cablevision Notes (or any refinancing of the Cablevision Notes) materially adverse to the Borrower as holder of the Cablevision Notes (or any refinancing of the Cablevision Notes).
Cablevision Notes. Directly or indirectly, structurally or contractually subordinate the Cablevision Notes or consent to any changes related to the interest rate, principal, maturity or covenants of the Cablevision Notes except, to the extent that any proceeds are received by the Parent Guarantor upon repayment of all or part of the Cablevision Notes and:
(a) such proceeds are invested in (i) Replacement Cablevision Notes or senior notes of CSC Holdings having (A) a fair market value (together with any remaining Cablevision Notes) not less than the principal amount then outstanding under the Term Facility, (B) a cash coupon of not less than 7% per annum, and (C) other terms and conditions at least as favorable to the holders of such notes as the Cablevision Notes; or (ii) cash and Cash Equivalents of the type referred to in clause (a) or (e) of the definition of “Cash Equivalents”; and
(b) to the extent of the Excess Amount, such proceeds are used for any other purpose not prohibited by this Agreement.
Cablevision Notes. Directly or indirectly, structurally or contractually subordinate the Cablevision Notes (or any refinancing of the Cablevision Notes) or consent to any changes related to the interest rate, principal, maturity or covenants of the Cablevision Notes (or any refinancing of the Cablevision Notes) except, to the extent that any proceeds are received by the Parent Guarantor upon repayment of all or part of the Cablevision Notes and:
(a) such proceeds are invested in senior notes of Cablevision, senior notes of CSC Holdings or senior notes of Rainbow (provided that in the case of the Rainbow notes, their rating shall be equal to or better than the rating of the Cablevision Notes at such time) having (i) a fair market value (together with any remaining Cablevision Notes) not less than the principal amount then outstanding under the Term Facility, (ii) a cash coupon of not less than 7% per annum, and (iii) other terms and conditions at least as favorable to the holders of such notes as the Cablevision Notes;
(b) such proceeds are invested in cash and Cash Equivalents of the type referred to in clause (a) of the definition of “Cash Equivalents”; and
(c) to the extent of the Excess Amount, such proceeds are used for any other purpose not prohibited by this Agreement.