Permanent Securities definition

Permanent Securities means any debt securities issued by Borrower or any of its Subsidiaries as permanent financing in lieu of the Initial Loans or to refinance the Loans or Exchange Notes and to pay related fees, expenses or premiums, if any.

Permanent Securities means the senior unsecured notes or any other debt securities or term loans of the Borrower to be issued after the Closing Date for the purpose of refinancing all or a portion of the outstanding Loans.

Permanent Securities means, collectively, each series of Senior Notes issued or to be issued in an Exchange and each other series of Securities.

Examples of Permanent Securities in a sentence

• Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of Permanent Securities of the same series of authorized denominations and of like tenor.

• Based on the covenants for the Target Credit Facilities, subject to cushions in respect of baskets and thresholds at levels to be determined and a covenant to comply with the Fee Letter and a covenant for the Borrower to use its best efforts to refinance the Target Bridge Facility with the proceeds of the Target Permanent Securities as promptly as practicable following the Acquisition Closing Date.

• The Borrower shall not and shall not permit any of its Restricted Subsidiaries to use the proceeds of the Initial Loans, whether directly or indirectly, (i) in violation of Section 5.13(a) or (ii) for purposes other than to finance the Target Acquisition and Transaction Expenses and use the proceeds of any Permanent Securities after the Closing Date for purposes other than to repay the Loans in accordance with Section 2.05 and to pay related fees and expenses.

• Upon each issuance of Permanent Securities on or prior to the Closing Date, the Initial Loan Commitments of each Lender shall be reduced on a pro rata basis by an aggregate amount corresponding to the aggregate principal amount of such Permanent Securities before deducting any fees, costs or expenses related to the issuance of such Permanent Securities.

• The Borrower will use the net proceeds received from the sale of the Permanent Securities to repay the Loans.

More Definitions of Permanent Securities

Permanent Securities means debt or equity securities issued by Company and, in the case of debt securities, fully and unconditionally guaranteed by the Guarantors which have either been registered with the SEC and sold pursuant to a registration statement in a public offering or privately placed or otherwise sold in an offering exempt from registration with the SEC to refinance the Loans.

Permanent Securities means the Senior Subordinated Notes or any other securities issued in lieu thereof having terms, taken as a whole, that are in no material respect less favorable to the Lenders than those required hereby for the Senior Subordinated Notes (and that in any event constitute Equity Interests or are subordinated to the Obligations on terms in no material respect less favorable to the Lenders than customary market terms for senior subordinated notes).

Permanent Securities has the meaning set forth in the Fee Letter.

Permanent Securities means notes or other securities of any Borrower, Holdings or any of their respective subsidiaries issued pursuant to Section 5.13 to refinance the Loans.

Permanent Securities any public issuance or private placement of unsecured debt securities by the Company or its Subsidiaries (other than (x) any Designated Borrower organized under the laws of a jurisdiction other than the United States of America, any State thereof or the District of Columbia, solely to the extent that the repatriation of the proceeds therefrom would give rise to adverse tax consequences, (y) any Subsidiary organized under the laws of a jurisdiction other than the United States of America, any State thereof or the District of Columbia that is not a Designated Borrower, and (z) any Specified Subsidiary) having a maturity of two years or more, in each case to the extent that the aggregate amount for all such issuances or placements exceeds $100,000,000.

Permanent Securities means any debt securities issued by Holdings, New US Holdco, the Borrower or any of its Subsidiaries (other than any Unrestricted Subsidiary) as permanent financing to refinance the Loans or Exchange Notes.

Permanent Securities. (a) the public debt securities issued on the Closing Date or (b) if the Bridge Facility shall have been funded on the Closing Date, other senior secured or unsecured debt securities or other Indebtedness issued or incurred by the Company for the purpose of refinancing the Bridge Facility.