Pari Passu; Maturity Sample Clauses

Pari Passu; Maturity. The Incremental Revolving Credit Commitments shall rank pari passu in right of payment and of security with the Existing Revolving Credit Commitments and mature on the same date that the Existing Revolving Credit Commitments mature. For the avoidance of doubt, the Incremental Revolving Credit Commitments shall share in mandatory prepayments of Revolving Credit Loans under Section 5.5 of the Credit Agreement on a pro rata basis with the Existing Revolving Credit Commitments, in voluntary prepayments of Revolving Credit Loans under Section 5.4 of the Credit Agreement on a pro rata basis with the Existing Revolving Credit Commitments and in connection with a voluntary termination or permanent reduction of the Revolving Credit Commitments under Section 5.3 of the Credit Agreement on a pro rata basis with the Existing Revolving Credit Commitments.
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Pari Passu; Maturity. The Replacement Revolving Commitments shall rank pari passu in right of payment and of security with the Original Revolving Credit Commitments and mature on the same date that the Original Revolving Credit Commitments mature. For the avoidance of doubt, the Replacement Revolving Commitments shall share in mandatory prepayments of Revolving Credit Loans under Section 5.5 of the Credit Agreement on a pro rata basis with the Original Revolving Credit Commitments and in voluntary prepayments of Revolving Credit Loans under Section 5.4 of the Credit Agreement on a pro rata basis with the Original Revolving Credit Commitments, except for mandatory prepayments in connection with the termination or reduction of the Revolving Credit Commitments of any Facility, which termination or reduction of Revolving Credit Commitments may be made on a non-pro rata basis among Facilities in accordance with Section 5.3 of the Credit Agreement; provided that each Replacement Revolving Lender hereby agrees that it shall not receive any portion of the reduction (and associated mandatory prepayment) of the first $131,000,000 in Series B Replacement Revolving Commitments in the aggregate and that such first $131,000,000 reduction in the Series B Replacement Revolving Commitments shall solely be for the benefit of and be applied to reduce the Series B Replacement Revolving Credit Commitments established by the First Incremental Amendment, ratably in accordance with such Series B Replacement Revolving Credit Commitments.
Sample 1
Pari Passu; Maturity. The Incremental Term Loans shall rank pari passu in right of payment and of security with the Existing Term Loans and mature on the same date that the Existing Term Loans mature. For the avoidance of doubt, the Incremental Term Loans shall share in mandatory prepayments of Term Loans under Section 5.5 of the Credit Agreement on a pro rata basis with the Existing Term Loans and in voluntary prepayments of Term Loans under Section 5.4 of the Credit Agreement on a pro rata basis with the Existing Term Loans. The Incremental Term Loans shall be subject to the existing provisions of Section 5.4 relating to Repricing Transactions.
Sample 1
Pari Passu; Maturity. The Replacement Revolving Commitments shall rank pari passu in right of payment and of security with any other Revolving Credit Commitments and mature on May 3, 2028; provided that that the Revolving Facility Termination Date shall be (a) April 1, 2025, if the aggregate principal amount of the outstanding Senior Secured Notes exceeds $200,000,000 on such date, (b) January 16, 2026, if the aggregate principal amount of the outstanding Tranche B Term Loans (other than any Tranche B Term Loans that have become Extending Term Loans with a final maturity date on or after August 2, 2028) exceeds $200,000,000 on such date and (c) January 14, 2027, if the aggregate principal amount outstanding of the Parent’s 5.50% unsecured notes due April 15, 2027, exceeds $200,000,000 on such date. For the avoidance of doubt, the Replacement Revolving Commitments shall share in mandatory prepayments of Revolving Credit Loans under Section 5.5 of the Credit Agreement on a pro rata basis with any other Revolving Credit Commitments and in voluntary prepayments of Revolving Credit Loans under Section 5.4 of the Credit Agreement on a pro rata basis with any other Revolving Credit Commitments.
Sample 1

Related to Pari Passu; Maturity

  • Pari Passu Notes Investor acknowledges and agrees that the payment of all or any portion of the outstanding principal amount of this Note and all interest hereon shall be pari passu in right of payment and in all other respects to the other Notes. In the event Investor receives payments in excess of its pro rata share of the Company’s payments to the Investors of all of the Notes, then Investor shall hold in trust all such excess payments for the benefit of the holders of the other Notes and shall pay such amounts held in trust to such other holders upon demand by such holders.

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Pari Passu Obligations The Guarantor shall ensure that its obligations hereunder at all times constitute direct, general obligations of the Guarantor ranking at least pari passu in right of payment with all other unsecured, unsubordinated Indebtedness (other than Indebtedness that is preferred by mandatory provisions of law) of the Guarantor.

  • Discount Notes If this Note is specified on the face hereof as a “Discount Note”:

  • Pari Passu Ranking Each Obligor shall ensure that at all times any unsecured and unsubordinated claims of a Finance Party against it under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors except those creditors whose claims are mandatorily preferred by laws of general application to companies.

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Pari Passu Guarantees The obligations of the Guarantor under this Guarantee Agreement shall rank pari passu with any similar guarantee agreements issued by the Guarantor on behalf of the holders of preferred or capital securities issued by the Issuer Trust and with any other security, guarantee or other obligation that is expressly stated to rank pari passu with the obligations of the Guarantor under this Guarantee Agreement.

  • Constant Maturity Swap Rate Notes If the Interest Rate Basis is the Constant Maturity Swap Rate, this Note shall be deemed a “Constant Maturity Swap Rate Note.” Unless otherwise specified on the face hereof, “Constant Maturity Swap Rate” means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Fixed Rate Notes If this Note is specified on the face hereof as a “Fixed Rate Note”:

  • Notes to Rank Pari Passu The Notes and all other obligations under this Agreement of the Company are and at all times shall remain direct and unsecured obligations of the Company ranking pari passu as against the assets of the Company with all other Notes from time to time issued and outstanding hereunder without any preference among themselves and pari passu with all other present and future unsecured Debt (actual or contingent) of the Company which is not expressed to be subordinate or junior in rank to any other unsecured Debt of the Company.

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