2007 Agreements means the Negotiated Framework Agreement dated February 12, 2007 among Continental, Tibet Tian Yuan Minerals Exploration Ltd. and Jinchuan and the agreements related thereto, whether or not completed as of the date hereof.
The 2005 Agreements, the 2007 Agreements, the Privileged Access Agreement the Virus encode IGF License should be checked for CoC.
Two of the agreements are associated with an authorized issuance of $350 million junior lien debt effective November 1, 2006 (November 2006 Agreements), while the other two agreements are associated with an authorized issuance of $350 million of junior lien debt effective November 1, 2007 (November 2007 Agreements).
In September 2006, the November 2006 Agreements’ effective dates were extended from November 1, 2006 to August 1, 2007 (now known as the August 2007 Agreements).
This conversion was accomplished by nominally increasing the fixed leg of the November 2006 and November 2007 Agreements to 3.921% and 3.9925%, respectively.
If the counterparties, for the Series 1993B, 2006 Agreements and 2007 Agreements, are downgraded below acceptable levels, the agreements require that the counterparties post suitable and adequate collateral.