{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "permitted-junior-notes", "type": "definition", "offset": [26, 48]}, {"key": "permitted-pari-passu-notes", "type": "definition", "offset": [62, 88]}], "samples": [{"hash": "7sklxXxm2US", "uri": "/contracts/7sklxXxm2US#permitted-notes", "label": "Amendment and Restatement Agreement (VERRA MOBILITY Corp)", "score": 36.7919233402, "published": true}, {"hash": "cvLCRYrvSO8", "uri": "/contracts/cvLCRYrvSO8#permitted-notes", "label": "Credit Agreement (McGraw Hill, Inc.)", "score": 36.6878852844, "published": true}, {"hash": "bKri25aw4I5", "uri": "/contracts/bKri25aw4I5#permitted-notes", "label": "Term Loan Credit Agreement (Vertiv Holdings Co)", "score": 36.6112251282, "published": true}], "size": 68, "snippet": "means and include (i) any Permitted Junior Notes and (ii) any Permitted Pari Passu Notes.", "hash": "5c0345da1fc21bf8d6ef0573416d767c", "id": 1}, {"snippet_links": [{"key": "securities-of-the-borrower", "type": "clause", "offset": [55, 81]}, {"key": "the-collateral", "type": "clause", "offset": [150, 164]}, {"key": "liens-securing", "type": "clause", "offset": [187, 201]}, {"key": "the-obligations", "type": "clause", "offset": [202, 217]}, {"key": "pursuant-to-a", "type": "definition", "offset": [218, 231]}, {"key": "agreement-or", "type": "definition", "offset": [258, 270]}, {"key": "pari-passu", "type": "clause", "offset": [344, 354]}, {"key": "first-lien-intercreditor-agreement", "type": "definition", "offset": [409, 443]}, {"key": "provided-that", "type": "definition", "offset": [445, 458]}, {"key": "in-the-case", "type": "clause", "offset": [463, 474]}, {"key": "issued-in", "type": "definition", "offset": [494, 503]}, {"key": "reliance-on", "type": "clause", "offset": [504, 515]}, {"key": "cash-consideration", "type": "definition", "offset": [574, 592]}, {"key": "terms-of", "type": "clause", "offset": [602, 610]}, {"key": "provide-for", "type": "definition", "offset": [639, 650]}, {"key": "scheduled-repayment", "type": "definition", "offset": [655, 674]}, {"key": "sinking-fund-obligations", "type": "clause", "offset": [700, 724]}, {"key": "prior-to-the", "type": "clause", "offset": [725, 737]}, {"key": "date-of", "type": "clause", "offset": [747, 754]}, {"key": "the-term-facility", "type": "clause", "offset": [755, 772]}, {"key": "repurchase-upon-a-change-of-control", "type": "clause", "offset": [805, 840]}, {"key": "asset-sale", "type": "definition", "offset": [842, 852]}, {"key": "event-of-loss", "type": "clause", "offset": [856, 869]}, {"key": "acceleration-rights", "type": "clause", "offset": [884, 903]}, {"key": "after-an-event-of-default", "type": "clause", "offset": [904, 929]}, {"key": "the-covenants", "type": "definition", "offset": [936, 949]}, {"key": "events-of-default", "type": "definition", "offset": [951, 968]}, {"key": "other-terms", "type": "definition", "offset": [997, 1008]}, {"key": "interest-rate", "type": "definition", "offset": [1030, 1043]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [1070, 1086]}, {"key": "the-restricted-subsidiaries", "type": "clause", "offset": [1133, 1160]}, {"key": "in-this-agreement", "type": "definition", "offset": [1172, 1189]}, {"key": "certificate-of-a-responsible-officer-of-the-borrower", "type": "clause", "offset": [1207, 1259]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1273, 1297]}, {"key": "business-days", "type": "clause", "offset": [1313, 1326]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [1514, 1537]}, {"key": "in-good-faith", "type": "definition", "offset": [1649, 1662]}, {"key": "the-foregoing", "type": "clause", "offset": [1702, 1715]}, {"key": "conclusive-evidence", "type": "definition", "offset": [1737, 1756]}, {"key": "at-the-time", "type": "definition", "offset": [1827, 1838]}, {"key": "after-giving", "type": "clause", "offset": [1885, 1897]}, {"key": "default-shall", "type": "definition", "offset": [1926, 1939]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1951, 1969]}, {"key": "compliance-with-the", "type": "clause", "offset": [1976, 1995]}, {"key": "determined-on-a-pro-forma-basis", "type": "clause", "offset": [2032, 2063]}, {"key": "day-of", "type": "clause", "offset": [2079, 2085]}, {"key": "most-recently-ended", "type": "definition", "offset": [2090, 2109]}, {"key": "financial-statements", "type": "definition", "offset": [2132, 2152]}, {"key": "section-601a", "type": "clause", "offset": [2202, 2216]}, {"key": "first-test-period", "type": "definition", "offset": [2334, 2351]}, {"key": "each-case", "type": "definition", "offset": [2433, 2442]}, {"key": "four-quarter-period", "type": "definition", "offset": [2516, 2535]}, {"key": "subsidiary-of", "type": "definition", "offset": [2548, 2561]}, {"key": "an-obligor", "type": "clause", "offset": [2609, 2619]}], "samples": [{"hash": "9lk8brDoi7L", "uri": "/contracts/9lk8brDoi7L#permitted-notes", "label": "Credit Agreement (SeaWorld Entertainment, Inc.)", "score": 26.3470230103, "published": true}, {"hash": "6iOPfz2LYKN", "uri": "/contracts/6iOPfz2LYKN#permitted-notes", "label": "Credit Agreement (SeaWorld Entertainment, Inc.)", "score": 24.38945961, "published": true}, {"hash": "jkXVymMuKun", "uri": "/contracts/jkXVymMuKun#permitted-notes", "label": "Credit Agreement (SeaWorld Entertainment, Inc.)", "score": 24.2744693756, "published": true}], "size": 40, "snippet": "means (i) unsecured senior or senior subordinated debt securities of the Borrower, (ii) debt securities of the Borrower that are secured by a Lien on the Collateral ranking junior to the Liens securing the Obligations pursuant to a Second Lien Intercreditor Agreement or (iii) debt securities of the Borrower that are secured by a Lien ranking pari passu with the Liens securing the Obligations pursuant to a First Lien Intercreditor Agreement; provided that (a) in the case of debt securities issued in reliance on Section 7.03(s)(iii), such debt securities are issued for cash consideration, (b) the terms of such debt securities do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the Maturity Date of the Term Facility (other than customary offers to repurchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default), (c) the covenants, events of default, guarantees, collateral and other terms of which (other than interest rate and redemption premiums), taken as a whole, are not more restrictive to the Borrower and the Restricted Subsidiaries than those in this Agreement; provided that a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent at least three Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such debt securities, together with a reasonably detailed description of the material terms and conditions of such debt securities or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement, (d) at the time that any such Permitted Notes are issued (and after giving effect thereto) no Event of Default shall exist, (e) the Borrower shall be in compliance with the covenants set forth in Section 7.11 determined on a Pro Forma Basis as of the last day of the most recently ended Test Period for which financial statements were required to have been delivered pursuant to Section 6.01(a) or (b), as applicable (or if no Test Period cited in Section 7.11 has passed, the covenants in Section 7.11 for the first Test Period cited in such Section shall be satisfied as of the last four quarters ended), in each case, as if such Permitted Notes had been outstanding on the last day of such four quarter period, and (f) no Subsidiary of the Borrower (other than a Guarantor) shall be an obligor and no Permitted Notes shall be secured by any collateral other than the Collateral.", "hash": "99822d144730c7eb30cb7799a46530db", "id": 2}, {"snippet_links": [{"key": "senior-unsecured-notes", "type": "clause", "offset": [10, 32]}, {"key": "by-the-company", "type": "clause", "offset": [46, 60]}, {"key": "the-offering-memorandum", "type": "clause", "offset": [77, 100]}, {"key": "of-the-company", "type": "clause", "offset": [119, 133]}, {"key": "provided-that", "type": "definition", "offset": [135, 148]}, {"key": "aggregate-outstanding-principal-amount", "type": "definition", "offset": [153, 191]}, {"key": "at-any-time", "type": "clause", "offset": [241, 252]}], "samples": [{"hash": "84Bd55CtW9J", "uri": "/contracts/84Bd55CtW9J#permitted-notes", "label": "Credit Agreement (LKQ Corp)", "score": 32.9123878479, "published": true}, {"hash": "a7gflrOH5D9", "uri": "/contracts/a7gflrOH5D9#permitted-notes", "label": "Credit Agreement (LKQ Corp)", "score": 32.3401794434, "published": true}, {"hash": "bGr5P20RarR", "uri": "/contracts/bGr5P20RarR#permitted-notes", "label": "Credit Agreement (LKQ Corp)", "score": 31.4558525085, "published": true}], "size": 9, "snippet": "means the Senior Unsecured Notes to be issued by the Company as described in the Offering Memorandum dated May 2, 2013 of the Company; provided that the aggregate outstanding principal amount of Permitted Notes shall not exceed $600,000,000 at any time.", "hash": "0aa3e481d0a0721c0bd123a9bb1cfb20", "id": 3}, {"snippet_links": [{"key": "permitted-second-lien-notes", "type": "definition", "offset": [6, 33]}, {"key": "permitted-unsecured-notes", "type": "definition", "offset": [37, 62]}], "samples": [{"hash": "eKoGRhSW6ID", "uri": "/contracts/eKoGRhSW6ID#permitted-notes", "label": "Credit Agreement (CF Industries Holdings, Inc.)", "score": 22.5879535675, "published": true}, {"hash": "fjJ9yUu7qP3", "uri": "/contracts/fjJ9yUu7qP3#permitted-notes", "label": "Credit Agreement (SMURFIT-STONE CONTAINER Corp)", "score": 22.2375087738, "published": true}, {"hash": "6blZU3nuE9C", "uri": "/contracts/6blZU3nuE9C#permitted-notes", "label": "Abl Credit Agreement (Smurfit Stone Container Corp)", "score": 21.3613967896, "published": true}], "size": 9, "snippet": "means Permitted Second Lien Notes or Permitted Unsecured Notes.", "hash": "695614bb68cbc99b7c08846f7fc7becc", "id": 4}, {"snippet_links": [{"key": "convertible-promissory-note", "type": "clause", "offset": [23, 50]}, {"key": "dated-as-of", "type": "definition", "offset": [52, 63]}, {"key": "the-company", "type": "definition", "offset": [95, 106]}, {"key": "delaware-corporation", "type": "clause", "offset": [130, 150]}, {"key": "original-principal-amount", "type": "definition", "offset": [159, 184]}], "samples": [{"hash": "fj3Qs9A4vzH", "uri": "/contracts/fj3Qs9A4vzH#permitted-notes", "label": "Subordination Agreement (SANUWAVE Health, Inc.)", "score": 34.4695396423, "published": true}, {"hash": "2ykQCK9RKSn", "uri": "/contracts/2ykQCK9RKSn#permitted-notes", "label": "Subordination Agreement (SANUWAVE Health, Inc.)", "score": 33.4921302795, "published": true}, {"hash": "dtehPZEFBga", "uri": "/contracts/dtehPZEFBga#permitted-notes", "label": "Subordination Agreement (SANUWAVE Health, Inc.)", "score": 32.9719352722, "published": true}], "size": 8, "snippet": "means (a) that certain Convertible Promissory Note, dated as of August 6, 2020, by and between the Company and Celularity Inc., a Delaware corporation, in the original principal amount of $4,000,000, (b) that certain Convertible Promissory Note, dated as of August 6, 2020, by and between the Company and HealthTronics, Inc., a Georgia corporation, in the original principal amount of $1,72,743, and (c) that certain Convertible Promissory Note, dated as of August 6, 2020, by and between the Company and A. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, in the original principal amount of $223,511.26.", "hash": "41d242d3b0ece8c71bbc88a2227eabe6", "id": 5}, {"snippet_links": [{"key": "by-the-company", "type": "clause", "offset": [29, 43]}, {"key": "restatement-effective-date", "type": "definition", "offset": [54, 80]}, {"key": "terms-of", "type": "clause", "offset": [90, 98]}, {"key": "provide-for", "type": "definition", "offset": [112, 123]}, {"key": "scheduled-principal-repayment", "type": "clause", "offset": [128, 157]}, {"key": "sinking-fund-obligations", "type": "clause", "offset": [183, 207]}, {"key": "prior-to-the", "type": "clause", "offset": [208, 220]}, {"key": "date-of", "type": "clause", "offset": [266, 273]}, {"key": "all-loans", "type": "clause", "offset": [274, 283]}, {"key": "repurchase-upon-a-change-of-control", "type": "clause", "offset": [316, 351]}, {"key": "asset-sale", "type": "definition", "offset": [353, 363]}, {"key": "event-of-loss", "type": "clause", "offset": [367, 380]}, {"key": "acceleration-rights", "type": "clause", "offset": [395, 414]}, {"key": "after-an-event-of-default", "type": "clause", "offset": [415, 440]}, {"key": "the-covenants", "type": "definition", "offset": [447, 460]}, {"key": "events-of-default", "type": "definition", "offset": [462, 479]}, {"key": "other-terms", "type": "definition", "offset": [508, 519]}, {"key": "interest-rate", "type": "definition", "offset": [541, 554]}, {"key": "call-protection", "type": "clause", "offset": [556, 571]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [598, 614]}, {"key": "to-the-company", "type": "clause", "offset": [641, 655]}, {"key": "in-this-agreement", "type": "definition", "offset": [677, 694]}, {"key": "subsidiary-of-the-company", "type": "definition", "offset": [712, 737]}, {"key": "assets-of-the-company", "type": "clause", "offset": [811, 832]}, {"key": "after-giving", "type": "clause", "offset": [868, 880]}, {"key": "pro-forma-effect", "type": "clause", "offset": [881, 897]}, {"key": "the-loan-parties", "type": "definition", "offset": [938, 954]}, {"key": "financial-covenants", "type": "definition", "offset": [990, 1009]}], "samples": [{"hash": "Yvv4HDJ7ZR", "uri": "/contracts/Yvv4HDJ7ZR#permitted-notes", "label": "Credit Agreement (Smith & Wesson Brands, Inc.)", "score": 34.3305969238, "published": true}, {"hash": "h8KmgiPo0Te", "uri": "/contracts/h8KmgiPo0Te#permitted-notes", "label": "Credit Agreement (Smith & Wesson Brands, Inc.)", "score": 31.6502399445, "published": true}, {"hash": "3iMWaiMu6SK", "uri": "https://ir.smith-wesson.com/static-files/cbc725ef-5d36-438d-9909-882819f48a0e", "label": "ir.smith-wesson.com", "score": 9.8651609421, "published": false}], "size": 6, "snippet": "means debt securities issued by the Company after the Restatement Effective Date, (a) the terms of which do not provide for any scheduled principal repayment, mandatory redemption or sinking fund obligations prior to the date six (6) months after the final Maturity Date of all Loans (other than customary offers to repurchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default), (b) the covenants, events of default, guarantees, collateral and other terms of which (other than interest rate, call protection and redemption premiums), taken as a whole, are not more restrictive to the Company than those set forth in this Agreement, (c) of which no Subsidiary of the Company is an issuer or guarantor, (d) which are not secured by any Liens on any assets of the Company or any of its Subsidiaries and (e) after giving pro forma effect to the incurrence of such Indebtedness, the Loan Parties will remain in compliance with the financial covenants in Section 7.11.", "hash": "44b59fecb6a65bb15780730fdbbac100", "id": 6}, {"snippet_links": [{"key": "indebtedness-incurred", "type": "clause", "offset": [6, 27]}, {"key": "by-the-borrower", "type": "clause", "offset": [28, 43]}, {"key": "form-of-notes", "type": "definition", "offset": [51, 64]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [115, 141]}, {"key": "incremental-facility", "type": "definition", "offset": [177, 197]}, {"key": "agreement-or", "type": "definition", "offset": [218, 230]}, {"key": "refinancing-agreement", "type": "definition", "offset": [235, 256]}, {"key": "with-respect-to", "type": "clause", "offset": [257, 272]}, {"key": "term-loan-credit-obligations", "type": "definition", "offset": [273, 301]}, {"key": "refinancing-of-loans", "type": "clause", "offset": [323, 343]}, {"key": "term-loan-credit-agreement", "type": "definition", "offset": [354, 380]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [393, 419]}, {"key": "pursuant-to", "type": "definition", "offset": [421, 432]}, {"key": "exchange-of-term-loans", "type": "clause", "offset": [436, 458]}, {"key": "each-case", "type": "definition", "offset": [489, 498]}, {"key": "revolving-credit-agreement", "type": "definition", "offset": [557, 583]}], "samples": [{"hash": "fjJ9yUu7qP3", "uri": "/contracts/fjJ9yUu7qP3#permitted-notes", "label": "Credit Agreement (SMURFIT-STONE CONTAINER Corp)", "score": 22.2375087738, "published": true}, {"hash": "6blZU3nuE9C", "uri": "/contracts/6blZU3nuE9C#permitted-notes", "label": "Abl Credit Agreement (Smurfit Stone Container Corp)", "score": 21.3613967896, "published": true}, {"hash": "2P8CAtASca5", "uri": "/contracts/2P8CAtASca5#permitted-notes", "label": "Abl Credit Agreement (Smurfit Stone Container Corp)", "score": 21.3011627197, "published": true}], "size": 5, "snippet": "means Indebtedness incurred by the Borrower in the form of notes or bonds, the incurrence of which (a) reduces the aggregate principal amount permitted to be incurred under the incremental facility under the Term Loan Agreement or any Refinancing Agreement with respect to Term Loan Credit Obligations or (b) constitutes a Refinancing of loans under the Term Loan Credit Agreement (including, for the avoidance of doubt, pursuant to an exchange of Term Loans for such Permitted Notes), in each case as permitted under the Term Loan Credit Agreement and the Revolving Credit Agreement or any Refinancing Agreement with respect to Term Loan Credit Obligations.", "hash": "0a9d8687422bfb95d45ff0f9895eeb38", "id": 7}, {"snippet_links": [], "samples": [{"hash": "jEZiBCenohw", "uri": "/contracts/jEZiBCenohw#permitted-notes", "label": "Credit Agreement (Triangle Petroleum Corp)", "score": 25.9171791077, "published": true}, {"hash": "3wUpIBHfDh6", "uri": "/contracts/3wUpIBHfDh6#permitted-notes", "label": "Second Lien Credit Agreement (Triangle Petroleum Corp)", "score": 25.4982891083, "published": true}, {"hash": "2CAEgMJ2YuI", "uri": "/contracts/2CAEgMJ2YuI#permitted-notes", "label": "Credit Agreement (Triangle Petroleum Corp)", "score": 24.2908973694, "published": true}], "size": 5, "snippet": "has the meaning set forth in Section 6.1(i).", "hash": "aac81678961e09a17ebd61e0f18b92b8", "id": 8}, {"snippet_links": [{"key": "series-of-notes", "type": "clause", "offset": [10, 25]}, {"key": "issued-by", "type": "definition", "offset": [26, 35]}, {"key": "permitted-note-issuance", "type": "definition", "offset": [59, 82]}, {"key": "in-connection-with", "type": "clause", "offset": [88, 106]}], "samples": [{"hash": "2KHfNoxkR1M", "uri": "/contracts/2KHfNoxkR1M#permitted-notes", "label": "Base Indenture (Amerco /Nv/)", "score": 18.8377819061, "published": true}, {"hash": "hxzwSFokotI", "uri": "/contracts/hxzwSFokotI#permitted-notes", "label": "Indenture (Amerco /Nv/)", "score": 18.0, "published": true}, {"hash": "fGlmjSr1PzH", "uri": "/contracts/fGlmjSr1PzH#permitted-notes", "label": "Base Indenture (Amerco /Nv/)", "score": 18.0, "published": true}], "size": 3, "snippet": "means any series of notes issued by USF and/or one or more Permitted Note Issuance SPVs in connection with a Permitted Note Issuance.", "hash": "50e64f0ac0b3f777562b69492fdfab2a", "id": 9}, {"snippet_links": [{"key": "unsecured-notes", "type": "definition", "offset": [0, 15]}, {"key": "by-the-borrower", "type": "clause", "offset": [23, 38]}, {"key": "high-yield", "type": "definition", "offset": [46, 56]}, {"key": "high-grade", "type": "definition", "offset": [60, 70]}, {"key": "scheduled-maturity-date", "type": "definition", "offset": [85, 108]}, {"key": "one-year", "type": "clause", "offset": [126, 134]}, {"key": "revolving-termination-date", "type": "definition", "offset": [145, 171]}, {"key": "terms-for", "type": "definition", "offset": [198, 207]}], "samples": [{"hash": "i75FEKOPG7g", "uri": "/contracts/i75FEKOPG7g#permitted-notes", "label": "Credit Agreement (Lear Corp)", "score": 24.0965099335, "published": true}, {"hash": "lLbWFeP9fQ6", "uri": "/contracts/lLbWFeP9fQ6#permitted-notes", "label": "Credit Agreement (Lear Corp)", "score": 22.4647502899, "published": true}], "size": 3, "snippet": "unsecured notes issued by the Borrower in the high yield or high grade market with a scheduled maturity date not earlier than one year after the Revolving Termination Date and with customary market terms for comparable instruments.", "hash": "fff054dce67b10c350362d4b899d71d2", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYcGVybWl0dGVkLW5vdGVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 199, "title": "Permitted Notes", "snippet": "means and include (i) any Permitted Junior Notes and (ii) any Permitted Pari Passu Notes.", "id": "permitted-notes", "examples": ["Except as otherwise permitted hereunder, without limiting the foregoing, the Company will not permit any Subsidiary to Guarantee any <strong>Permitted Notes</strong> or any other Indebtedness without the prior written consent of the Required Lenders.", "After the Restatement Effective Date, enter into any <strong>Permitted Notes</strong> Indenture that prohibits or limits the incurrence of Indebtedness under this Agreement or any other Obligation.", "The occurrence of any \u201cEvent of Default\u201d under and as defined in a <strong>Permitted Notes</strong> Indenture."], "related": [["restricted-notes", "Restricted Notes", "Restricted Notes"], ["permitted-debt-exchange-notes", "Permitted Debt Exchange Notes", "Permitted Debt Exchange Notes"], ["subordinated-notes", "Subordinated Notes", "Subordinated Notes"], ["unrestricted-notes", "Unrestricted Notes", "Unrestricted Notes"], ["permitted-convertible-notes", "Permitted Convertible Notes", "Permitted Convertible Notes"]], "related_snippets": [], "updated": "2025-10-20T04:24:55+00:00"}, "json": true, "cursor": ""}}