US Notes Clause Samples
The "US Notes" clause defines the specific terms and conditions related to promissory notes or debt instruments issued in the United States. It typically outlines the obligations of the issuer, such as payment schedules, interest rates, and governing law, and may specify requirements for the form and transferability of the notes. By clearly delineating these terms, the clause ensures legal compliance and provides certainty for both issuers and holders regarding their rights and responsibilities under US law.
US Notes. Neither the entry into this Agreement by Seller nor the performance of Seller’s obligations under it (including the consummation of the transactions contemplated herein) results or will result in any breach of the Indenture dated 16 May 2012, as supplemented, concerning certain 9.750% Senior Notes of MHR (in respect of which Indenture one or more entities constituting Seller are guarantors), and in particular, for the purposes of Section 4.07(a)(2)(E) of that Indenture the aggregate of (a) the value of the Non-Cash Portion of the Purchase Price, and (b) the total value of all other non-cash asset sales made by Seller Group subsequent to the date of the Indenture, does not exceed 10% of the Adjusted Consolidated Net Tangible Assets (as defined in such Indenture).
US Notes the Administrative Agent shall have received an executed original US Note for each Increasing US Lender and New US Lender requesting a US Note, made by the US Borrower payable to such requesting Increasing US Lenders or New US Lender in the amount of each such Increasing US Lender or New US Lender’s US Revolving Commitment after giving effect to Section 1.02(u) hereof; and For purposes of determining compliance with the conditions specified in this Section 1.05, each Lender that has signed this Amendment No. 1 shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required under this Section 1.05 to be consented to or approved by or acceptable to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the Amendment No. 1 Closing Date specifying its objection thereto. All documents executed or submitted pursuant to this Section 1.05 by and on behalf of the Borrowers or any of their Subsidiaries shall be in form and substance satisfactory to the Administrative Agent and its counsel. The Administrative Agent shall notify the Borrowers and the Lenders of the Amendment No. 1 Closing Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, this Amendment No. 1 shall expire and be without force or effect if the foregoing conditions are not satisfied (or waived in writing) on or prior to July 31, 2015.
US Notes. The US Revolving Loans shall be further evidenced by a duly executed US Note in favor of each US Lender in the form of Schedule 2.1(e) attached hereto, if requested by such Lender.