Common use of The New Notes Clause in Contracts

The New Notes. The New Notes have been duly authorized by the Issuer and, when duly executed, authenticated, issued and delivered as provided in the Indenture against payment of the Cash Purchase Price or upon exchange of Old Notes as provided herein, will be duly and validly issued and outstanding and will constitute valid and legally binding obligations of the Issuer enforceable against the Issuer in accordance with their terms, subject only to the Enforceability Exceptions, and will be entitled to the benefits of the Indenture.