Pru Notes definition
Examples of Pru Notes in a sentence
The undersigned purchasers have purchased the following Additional Pru Notes [insert description of Additional Pru Notes].
Any purchaser of Additional Pru Notes pursuant to the Pru Note Agreement not a party to this Agreement may become a “Pru Noteholder” hereunder, provided that such purchaser shall sign the Addendum to Intercreditor Agreement in the form of Exhibit A attached hereto by which such purchaser agrees to be bound by the terms of this Agreement.
Further, Guarantor shall take any action necessary in order that its Obligations under this Guarantee will rank in right of payment and in right of security at least equally and ratably with all other debt, now or hereafter existing, of Guarantor (including, but not limited to, the Pru Notes and PARI PASSU Debt) but shall rank superior and prior to the Subordinated Notes and Subordinated Debt.
Borrower and Guarantor will not amend or modify or permit the amendment or modification of the Pru Notes, the Subordinated Notes, the Prudential Guarantees or any other agreement or security instrument in connection with any of the Pru Debt.
Borrower and Guarantor shall concurrently deliver to Administrative Agent any other notices, statements, reports or certificates delivered to Prudential under either the Prudential Security documents or the Pru Notes, under or pursuant to the terms of such instruments.
All obligations and indebtedness of Borrower under its guaranty in favor of The Prudential Insurance Company of America, and its assignees and holders ("Prudential") of the Pru Notes and Subordinated Notes (each as defined in the Loan Agreement; the Pru Notes and Subordinated Notes, herein collectively called the "Pru Debt").
PRU DEBT" means the SUM of all outstanding obligations and indebtedness of Guarantor under the Pru Notes and the Subordinated Notes.