NYL Note Facility definition
Examples of NYL Note Facility in a sentence
Notwithstanding anything contained in this Section 10.9(a) to the contrary, in no event shall any amendment to the covenant levels set forth in any covenant contained in the Bank Credit Agreement, the NYL Note Facility or the 2006 Note Purchase Agreement as of the Restatement Effective Date be deemed to constitute an Additional Covenant for purposes of this Section 10.9(a).
The NYL Note Facility as hereby amended shall continue in full force and effect.
Except as otherwise defined in this Agreement, capitalized terms used herein and not defined herein shall have the meanings ascribed to them in the NYL Note Facility.
Clause (e) of Section 10.1 of the NYL Note Facility is hereby amended by deleting the reference to “One Hundred Million Dollars ($100,000,000.00)” and inserting “Three Hundred Million Dollars ($300,000,000.00)” in lieu thereof.
The Company acknowledges and agrees that the Releasees have fully performed all obligations and undertakings owed to the Company under or in any way in connection with the NYL Note Facility or any of the other Financing Documents or transactions thereunder or related thereto as of the date hereof.
No Notes have been issued under the NYL Note Facility as of the date hereof.
Neither this Agreement nor any term hereof may be amended, changed, waived, discharged or terminated, except by written consent of the Company and the Required Holders (or such other percentage of the holders of the Notes as may otherwise be required to amend the NYL Note Facility in accordance with Section 17 thereof).
Clause (c) of Section 10.3 of the NYL Note Facility is hereby amended by deleting the reference to “Twenty Million and 00/100 Dollars ($20,000,000.00)” and inserting “Fifty Million Dollars ($50,000,000.00)” in lieu thereof.