Definition of PP Notes

  1. PP Notes means those certain 10% senior notes due 2013 dated as of June 2007 in an aggregate principal amount of up to $750,000,000 and shall have the meaning given the term "Notes" as defined in the Indenture.

Examples of PP Notes in a sentence

  1. As of the Closing Date, the parties hereto agree that the Borrowing Base shall be equal to $450,000,000 until such time as the Borrowing Base is redetermined in accordance with this Agreement; provided, however, that to the extent that the aggregate principal amount of PP Notes outstanding on the Closing Date exceeds $700,000,000, then the amount specified in this Section for the Borrowing Base shall be reduced by $0.50 for each $1.00 of such excess.

Definition of PP Notes in First Lien Credit Agreement

PP Notes means those certain 10% senior notes due 2013 dated as of June 2007 in an aggregate principal amount of up to $750,000,000 and shall have the meaning given the term "Notes" as defined in the Indenture.