Common use of Senior Secured Notes Clause in Contracts

Senior Secured Notes. The Company shall cause the principal amount of the Company’s 11 7/8% Senior Notes due 2010 (the “Senior Notes”) to be redeemed upon, and as a condition to Parent’s and Merger Sub’s obligations to consummate, the Merger, at the redemption price set forth in Section 3.7 of the Indenture governing the Senior Notes, plus accrued and unpaid interest, which redemption will be funded by the Surviving Corporation with the proceeds of the Financing (as defined in Section 2.4).