Permitted Security. amend Clause 23.8 (Negative Pledge) as follows: a. add the words “after the relevant goods were or are to be acquired or the relevant services were or are to be supplied, or after the relevant invoice date” at the end of Paragraph (b)(v); and b. in Paragraph (b)(xviii) thereof, permit the Company to secure Financial Indebtedness on a pari passu or junior-ranking basis provided that the Senior Net Debt to Annualised EBITDA ratio would not be greater than 4.50:1.00.
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Sources: Additional E Facility Accession Deed (Liberty Global PLC), Additional D Facility Accession Deed (Liberty Global PLC)
Permitted Security. amend Clause 23.8 (Negative Pledge) as follows:
a. (a) add the words “after the relevant goods were or are to be acquired or the relevant services were or are to be supplied, or after the relevant invoice date” at the end of Paragraph (b)(v); and
b. (b) in Paragraph (b)(xviii) thereof, permit the Company to secure Financial Indebtedness on a pari passu or junior-ranking basis provided that the Senior Net Debt to Annualised EBITDA ratio would not be greater than 4.50:1.00.
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