Replacement Indebtedness Sample Clauses
Replacement Indebtedness. Any debt incurred by the Company or a Subsidiary that (i) replaces or refinances all or any portion of preexisting nonrecourse indebtedness held by the Company or a Subsidiary, and (ii) leaves the Investors in substantially the same tax position with respect to their respective share of Company or Subsidiary liabilities (to the extent allowed under applicable law) as they were immediately prior to the replacement or refinancing.
Replacement Indebtedness. If any of the Subordinated Indebtedness is repaid or retired from the proceeds of any sale or issue of instruments evidencing indebtedness for borrowed money, no such sale or issue will be completed unless and until: