High Yield Notes. The Borrower will not, and will not permit any other Loan Party to, without the consent of all of the Lenders: (i) make any principal payments, repurchases, redemptions or other retirement of principal under any High Yield Notes prior to their maturity, except as required in accordance with the terms of any High Yield Note Indenture; (ii) pay any interest on any High Yield Notes during the continuance of a Borrowing Base Shortfall, Default or Event of Default; or (iii) make any material amendments to any High Yield Notes or any High Yield Note Indenture or the terms and condition thereof that would reasonably be expected to have an adverse impact on the interests of the Lenders.
Appears in 2 contracts
Sources: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)