Senior Note Agreement definition
Examples of Senior Note Agreement in a sentence
Guarantor confirms that each other representation and warranty contained in the Credit Agreement or in the Senior Note Agreement, as any such representation and warranty relates to Guarantor, is true and correct in all material respects.
The Borrower will not permit Priority Indebtedness (as defined in the Senior Note Agreement) at any time to exceed 25% of Consolidated Net Worth (as defined in the Senior Note Agreement).
There shall occur and be continuing any Event of Default under and as defined in the Senior Note Agreement.
Further, the Parent and the Borrower shall not, and shall not permit any other Loan Party or any other Subsidiary to grant a Negative Pledge (other than a Negative Pledge in the Senior Note Agreement that is substantially identical to this sentence) in the Equity Interests of any Excluded Issuer from and after June 30, 2020 to and including the Security Release Date.
Permit the Leverage Ratio to be greater than (i) 3.25 to 1.00 at any time during which any of the 2011 Senior Notes are outstanding and (ii) 3.50 to 1.00 at any time during which the 2011 Senior Notes are not outstanding or the maximum leverage ratio permitted under the 2011 Senior Note Agreement is increased to 3.50 to 1.00.