Closing Date Senior Notes definition
Examples of Closing Date Senior Notes in a sentence
The proceeds of the Term Loans, together with the proceeds of the issuance of the Closing Date Senior Notes, shall be applied by Company to (or distributed to Holding for Holding to) fund the Refinancing, and to pay the related fees, commissions, premiums and expenses, with any remaining proceeds to be applied by Company for working capital and general corporate purposes of Company and its Subsidiaries.
Holding shall have received at least $300,000,000 in gross proceeds from the Closing Date Senior Notes and such Net Cash Proceeds of such Closing Date Senior Notes shall be, or have been, contributed to Company as a cash capital contribution or as a loan made to Company by Holding.
The proceeds of the Term Loans will be used, together with a portion of the proceeds of the Closing Date Senior Notes, to refinance the Existing Indebtedness of Company and certain of its Subsidiaries in accordance with the terms hereof (“Refinancing”) and to pay the related fees, commissions, premiums and expenses.
For the avoidance of doubt, to the extent any accounts holding money or securities for the satisfaction or defeasance of the Closing Date Senior Notes constitute Deposit Accounts or Securities Accounts holding cash or cash equivalents, non-callable government securities, or a combination of cash or cash equivalents and non-callable government securities, such accounts shall be Excluded Accounts for purposes of this Agreement so long as used solely for such purpose.
Notwithstanding anything herein to the contrary, the Closing Date Senior Notes shall not constitute Debt to the extent the obligations with respect thereto have been Discharged and the Borrower complies with Section 10.1.14.