Examples of Existing Senior Secured Notes Indenture in a sentence
Notwithstanding anything to the contrary, a Restricted Subsidiary shall not be permitted to be designated as an Unrestricted Subsidiary if such Subsidiary does not substantially concurrently constitute or will not substantially concurrently constitute an “Unrestricted Subsidiary” under the Existing Senior Secured Notes Indenture.
Further, the definition of “Consolidated EBITDA” for the purposes of calculation of the covenants under the Indenture, the Existing Senior Secured Notes Indenture and the Senior Notes Indenture will differ from Adjusted Pro Forma EBITDA, last two quarters annualized as presented herein.
Upon cancellation of the Existing Notes Indentures, all duties and responsibilities of the Existing Senior Secured Notes Indenture Trustees and the Existing Notes Agents under the Existing Senior Notes Indenture and the Existing Convertible Notes Indenture Trustee and the Existing Notes Agents under the Existing Convertible Notes Indenture, respectively, shall be discharged except to the extent required in order to effectuate the Plan.
In connection with the Transactions, the Existing Senior Secured Notes Indenture will be satisfied and discharged on the Issue Date via irrevocable deposit of amounts required to redeem the Existing Senior Secured Notes on the expected redemption date.
On the Issue Date, we intend to use a portion of the proceeds from the Financing to deposit with the paying agent under the Existing Senior Secured Notes Indenture an amount sufficient to redeem the Existing Senior Secured Notes in full (including redemption premium and accrued and unpaid interest to, but excluding, the expected date of redemption), in accordance with the Existing Senior Secured Notes Indenture, and satisfy and discharge the Existing Senior Secured Notes Indenture.