Relevant Indebtedness definition
Examples of Relevant Indebtedness in a sentence
Any such written notice must be signed by two authorised signatories of the Issuer and must contain a certification to the Trustee that such Guarantor is no longer providing (or will, at the time of delivery of such written notice, immediately cease to provide), in accordance with the terms of the Facilities Agreement and Relevant Indebtedness (if any is outstanding at the time), any guarantee in respect of any Facilities Agreement or Relevant Indebtedness.
Upon receipt by the Trustee of a certificate signed by two Authorised Signatories of the Issuer to the effect that a resignation or addition of a guarantor under the terms of the Facilities Agreement and/or Relevant Indebtedness (as applicable) will take effect on a certain date, the Trustee shall agree, subject to the provisions of this clause to such resignation and/or addition of such guarantors hereunder.
In the event that the Issuer chooses not to release a Guarantor immediately as a result of it not being a guarantor under the Facilities Agreement and any Relevant Indebtedness (as applicable) of the Issuer, this shall not prejudice the Issuer's ability to effect such release at any later date, subject to the provisions of this Condition remaining satisfied.
Any such addition of a new guarantor (each a "New Guarantor") in respect of Senior Notes (each a "Guarantor Accession") shall take place as soon as reasonably practicable following the addition of such new guarantor as a guarantor or borrower under the Facilities Agreement or any Relevant Indebtedness of the Issuer.