Permitted Additional Senior Notes definition

Permitted Additional Senior Notes means any unsecured senior or senior subordinated notes issued after the Effective Date by the Parent Guarantor under Section 9.02(g).

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Permitted Additional Senior Notes in each instance of its use and replacing it with the term “Senior Notes”.

Permitted Additional Senior Notes means any unsecured senior, senior subordinated or subordinated Debt issued after the Closing Date by the Borrower or a Guarantor under Section 9.02(b)(iii) or Section 9.02(g).

Examples of Permitted Additional Senior Notes in a sentence

• The Borrower shall be obligated to make such prepayment and/or deposit of cash collateral either on the date it or any Subsidiary receives cash proceeds as a result of such disposition or on the date the Permitted Additional Senior Notes are issued or hedge positions are terminated, as applicable; provided that all payments required to be made pursuant to this Section 3.04(c)(iii) must be made on or prior to the Termination Date.

• In the event the Borrower intends to issue Permitted Additional Senior Notes or to refinance any Debt with the proceeds of Permitted Refinancing Debt, reasonable prior written notice of such intended offering therefor, the amount thereof and the anticipated date of closing and will furnish a copy of the preliminary offering memorandum (if any) and the final offering memorandum (if any).

• Promptly upon the closing and consummation of the issuance of any Permitted Additional Senior Notes or the refinancing of any Debt with the proceeds of Permitted Refinancing Debt, a true and correct copy of the material documents relating to such Permitted Additional Senior Notes or such Permitted Refinancing Debt.

• The parties hereto agree that any issuance or issuances of Permitted Additional Senior Notes of less than or equal to $2.3 billion at any time between the Fifth Amendment Effective Date and the next Scheduled Redetermination Date (anticipated to occur in the fall of 2013) after the Fifth Amendment Effective Date will not result in a reduction of the Borrowing Base under Section 2.07(e) or a prepayment under Section 3.04(c)(iii).

More Definitions of Permitted Additional Senior Notes

Permitted Additional Senior Notes means any Debt issued after the Third Amendment Effective Date either under the 2009 Senior Note Indenture governing the 8.25% Senior Notes due November 1, 2021 or pursuant to a supplemental indenture thereto or under a new unsecured senior notes indenture that is pari passu to the 8.25% Senior Notes (such new indenture, the “Additional Indenture”); provided that (a) upon giving effect to such Debt, no Specified Default or Event of Default exists, (b) such Debt matures (excluding any maturity as the result of any optional redemption by the issuer thereof) on or after November 1, 2021, and is not mandatorily prepayable or redeemable, pursuant to a sinking fund obligation or otherwise, or prepayable or redeemable at the option of the holder thereof, in whole or in part, and otherwise does not have any similar mandatory prepayment provisions, other than in connection with a Change of Control or an asset sale, prior to November 1, 2021, (c) Navistar International shall be the issuer in respect thereof, (d) such Debt is not Guaranteed Debt of any Person other than the guarantors of the Debt issued under the 2009 Senior Note Indenture and (e) the other terms thereof (other than pricing) are no less favorable to the Borrower, when taken as a whole, than the terms of the 2009 Senior Note Indenture governing the 8.25% Senior Notes due November 1, 2021 as in effect on the Third Amendment Effective Date (and in any event do not include any financial maintenance covenant).

Permitted Additional Senior Notes means up to $250,000,000 aggregate principal amount of additional Senior Notes issued under the Senior Notes Documents after the Funding Date and after (i) the Bridge Facility is not outstanding and (ii) a successful syndication (as defined in the Fee Letter) of the Term B Loans and Term B Commitments.

Permitted Additional Senior Notes means unsecured notes issued by Borrower (and not guaranteed by any of Borrower's Subsidiaries) prior to the Borrowing Base Commencement Date, in a principal amount not to exceed $150,000,000 (provided that such limitation on the principal amount shall not apply in the event the Debt Ratings are BBB- or higher by S&P and Baa3 or higher by Moody's), maturing not earlier than 120 days after the Maturity Date, and having terms and conditions not more onerous to Borrower and its Subsidiaries than the terms and conditions of this Credit Agreement and otherwise reasonably satisfactory (including with respect to the use of the proceeds thereof) to the Majority Lenders.

Permitted Additional Senior Notes means senior notes, issued by either Borrower, (i) the terms of which do not provide for any scheduled repayment, mandatory redemption or sinking fund obligation prior to the date on which the final maturity of the Senior Exchange Notes or Senior Refinancing Notes, as applicable, occurs (as in effect on the date of issuance of such Senior Exchange Notes or Senior Refinancing Notes, as applicable) (other than customary offers to purchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default), (ii) the covenants, events of default, subsidiary guarantees and other terms of which (other than interest rate and redemption premiums), taken as a whole, are not more restrictive to the Borrowers and the Subsidiaries than those in the applicable Exchange Notes Indenture and Senior Exchange Notes or the applicable Refinancing Notes Indenture and Senior Refinancing Notes and (iii) of which no Subsidiary of either Borrower (other than a Guarantor) is an obligor under such notes that is not an obligor under the Senior Exchange Notes or Senior Refinancing Notes, as applicable.