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such new Debt does not contain any covenants which are materially more onerous to the Borrower and its Restricted Subsidiaries than those imposed by the Refinanced Debt and (d) such new Debt (and any guarantees thereof) is subordinated in right of payment to the Indebtedness (or, if applicable, the Guaranty Agreement) to at least the same extent as the Refinanced Debt and is otherwise subordinated on terms substantially reasonably satisfactory to the Administrative Agent.", "snippet_links": [{"key": "for-purposes-of-this-definition", "type": "clause", "offset": [12, 43]}, {"key": "new-debt", "type": "definition", "offset": [46, 54]}, {"key": "in-exchange", "type": "clause", "offset": [66, 77]}, {"key": "senior-notes", "type": "definition", "offset": [138, 150]}, {"key": "refinanced-debt", "type": "definition", "offset": [157, 172]}, {"key": "provided-that", "type": "definition", "offset": [176, 189]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [217, 243]}, {"key": "the-principal-amount", "type": "definition", "offset": [409, 429]}, {"key": "due-and-payable", "type": "definition", "offset": [444, 459]}, {"key": "declaration-of-acceleration", "type": "definition", "offset": [467, 494]}, {"key": "lesser-amount", "type": "clause", "offset": [509, 522]}, {"key": "stated-maturity", "type": "clause", "offset": [549, 564]}, {"key": "average-life", "type": "clause", "offset": [631, 643]}, {"key": "to-the-borrower", "type": "definition", "offset": [784, 799]}, {"key": "restricted-subsidiaries", "type": "definition", "offset": [808, 831]}, {"key": "the-indebtedness", "type": "clause", "offset": [964, 980]}, {"key": "if-applicable", "type": "definition", "offset": [986, 999]}, {"key": "the-guaranty-agreement", "type": "clause", "offset": [1001, 1023]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1156, 1180]}], "samples": [{"hash": "jyjh8FHBHia", "uri": "/contracts/jyjh8FHBHia#permitted-refinancing-debt", "label": "Senior Revolving Credit Agreement (Petrohawk Energy Corp)", "score": 21.0, "published": true}, {"hash": "d6og0rPxPaB", "uri": "/contracts/d6og0rPxPaB#permitted-refinancing-debt", "label": "Senior Revolving Credit Agreement (Petrohawk Energy Corp)", "score": 21.0, "published": true}, {"hash": "84vOO98Ns1X", "uri": "/contracts/84vOO98Ns1X#permitted-refinancing-debt", "label": "Senior Revolving Credit Agreement (Petrohawk Energy Corp)", "score": 21.0, "published": true}], "size": 32, "hash": "69deba48e6ec29eeab6076061a632e3a", "id": 10}], "next_curs": "CmcSYWoVc35sYXdpbnNpZGVyY29udHJhY3RzckMLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIjcGVybWl0dGVkLXJlZmluYW5jaW5nLWRlYnQjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "means any Debt that Refinances any other Debt, including any successive Refinancings, so long as:", "title": "Permitted Refinancing Debt", "size": 1297, "id": "permitted-refinancing-debt", "examples": ["In the event the Borrower or any Restricted Subsidiary intends to incur Specified Additional Debt or <strong>Permitted Refinancing Debt</strong> in respect thereof, in either case in a face principal amount equal to or greater than $5,000,000, at least five (5) Business Days\u2019 prior written notice of such intended incurrence, the intended principal amount thereof and the anticipated date of closing."], "related": [["permitted-refinancing-indebtedness", "Permitted Refinancing Indebtedness", "Permitted Refinancing Indebtedness"], ["permitted-refinancing", "Permitted Refinancing", "Permitted Refinancing"], ["specified-refinancing-debt", "Specified Refinancing Debt", "Specified Refinancing Debt"], ["permitted-unsecured-refinancing-debt", "Permitted Unsecured Refinancing Debt", "Permitted Unsecured Refinancing Debt"], ["permitted-pari-passu-secured-refinancing-debt", "Permitted Pari Passu Secured Refinancing Debt", "Permitted Pari Passu Secured Refinancing Debt"]], "related_snippets": [], "updated": "2026-05-13T04:23:52+00:00"}, "json": true, "cursor": ""}}