Specified Refinancing Indebtedness definition

Specified Refinancing Indebtedness. Indebtedness incurred by the Borrower pursuant to and in accordance with Subsection 2.11.

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Specified Refinancing Indebtedness means any Indebtedness of the Borrower or any Subsidiary Loan Party that Refinances the 2026 First Lien Notes, the 2027 First Lien Notes, the 2028 Second Lien Notes or the 2029 First Lien Notes (or, in each case, previous Refinancings thereof constituting Specified Refinancing Indebtedness).

Specified Refinancing Indebtedness has the meaning set forth in Section 6.01(a)(v).

Examples of Specified Refinancing Indebtedness in a sentence

Notwithstanding the foregoing, the obligations under the Senior Notes or any Specified Refinancing Indebtedness shall be permitted to be secured if, and only if, the US Obligations are secured on an equal and ratable basis to the obligations of the Company under the Senior Notes or any Specified Refinancing Indebtedness, as applicable, pursuant to documentation reasonably satisfactory to the Administrative Agent.
Notwithstanding the foregoing, the obligations under the Senior Notes, the Term Loan Agreement or any Specified Refinancing Indebtedness shall be permitted to be secured if, and only if, the US Obligations are secured on an equal and ratable basis to the obligations of the Company under the Senior Notes, the Term Loan Agreement or any Specified Refinancing Indebtedness, as applicable, pursuant to documentation reasonably satisfactory to the Administrative Agent.
Upon the incurrence or issuance by Holdings or any of its Restricted Subsidiaries of any Specified Refinancing Indebtedness or Indebtedness not expressly permitted to be incurred or issued pursuant to Section 7.03, the applicable Borrower shall prepay an aggregate principal amount of Loans in an amount equal to 100% of all Net Cash Proceeds received therefrom immediately upon receipt thereof by Holdings or such Restricted Subsidiary.
Immediately upon receipt by HoldCo or any Subsidiary of the Net Cash Proceeds of any Specified Refinancing Indebtedness, the Borrower shall prepay the Loans being refinanced or replaced in an aggregate amount equal to 100% of such Net Cash Proceeds.

More Definitions of Specified Refinancing Indebtedness

Specified Refinancing Indebtedness means (i) as used in the definition of “2021 Revolving Facility Maturity Date”, any Indebtedness of the Borrower or any Subsidiary Loan Party that Refinances the 2022 Notes, the 2023 Notes, the 2024 First Lien Notes or the 2026 First Lien Notes and (ii) as used in the definition of “Term B-1 Facility Maturity Date”, any Indebtedness of the Borrower or any Subsidiary Loan Party that Refinances the 2026 First Lien Notes, the 2027 First Lien Notes, the 2028 Second Lien Notes or the 2029 First Lien Notes (or, in each case, previous Refinancings thereof constituting Specified Refinancing Indebtedness).

Specified Refinancing Indebtedness has the meaning specified in Section 7.03(k).

Specified Refinancing Indebtedness means (i) as used in the definition of “2016 Revolving Facility Maturity Date”, any Indebtedness of the Borrower or any Subsidiary Loan Party that Refinances the 2021 Notes, the 2022 Notes, the Term B-1 Facility or the Second Priority Senior Secured Notes and (ii) as used in the definition of “Term B-1 Facility Maturity Date”, any Indebtedness of the Borrower or any Subsidiary Loan Party that Refinances the 2021 Notes, the 2022 Notes or the Second Priority Senior Secured Notes (or, in each case, previous Refinancings thereof constituting Specified Refinancing Indebtedness).

Specified Refinancing Indebtedness has the meaning given to such term in Section 8.1(t).

Specified Refinancing Indebtedness means any Indebtedness of the Borrower or any Subsidiary Loan Party that Refinances the 2023 Notes, the 2024 First Lien Notes, the 2026 First Lien Notes, the 2027 First Lien Notes, the First Lien Term B-1 Loans or the First Lien 2021 Revolving Loans (or, in each case, previous Refinancings thereof constituting Specified Refinancing Indebtedness), in each case, other than the Term A Loans.

Specified Refinancing Indebtedness means any Indebtedness issued in connection with the Specified Refinancing Transaction; provided, that such Indebtedness shall (a) mature not less than the date that is five (5) years from the issuance date thereof, (b) not require any prepayments to be made prior to such maturity date other than in connection with a “fundamental change” or other similar event), (c) be unsecured, (d) not include any guarantees, restrictive covenants (other than a customary merger covenant) or any other credit support, (e) permit the company to settle conversions entirely in shares of its Capital Stock (other than Disqualified Capital Stock) and cash in lieu of fractional shares, and (f) be subject to terms and conditions that are customary for issuances of convertible notes by a public company pursuant to Rule 144A under the Securities Act as of the Second Amendment Effective Date.

Specified Refinancing Indebtedness means Indebtedness that is either unsecured or secured by Specified Refinancing Liens, provided that (A) an amount equal to the principal amount of such Indebtedness is applied concurrently with the incurrence thereof to prepay the Loans pursuant to Section 2.3(b); (B) (1) the terms of such Indebtedness do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the Maturity Date (other than customary offers to repurchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default), (2) the maturity date of such Indebtedness shall not be shorter than the Maturity Date of the then outstanding Term Loans and the Weighted Average Life to Maturity of such Indebtedness shall not be shorter than the Weighted Average Life to Maturity of the then outstanding Term Loans, (3) subject to clause (4) below, the covenants, events of default, guarantees, collateral and other terms of such Indebtedness, when taken as a whole, are not more restrictive to the Parent and its Subsidiaries than those set forth in this Agreement (provided that a certificate of the Chief Financial Officer of the Borrower Agent delivered to the Administrative Agent in good faith at least five Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower Agent has determined in good faith that such terms and conditions satisfy the requirement set out in the foregoing clause (3), shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Administrative Agent provides notice to the Borrower Agent of its objection during such five Business Day period) and (4) in the case of Specified Refinancing Indebtedness consisting of bank credit facilities secured by Specified Refinancing Liens on a pari passu basis with the Liens securing the Obligations, the all-in yield (whether in the form of interest rate margins, original issue discount, upfront fees, or LIBOR/ABR floors, assuming, in the case of original issue discount and upfront fees, four-year life to maturity) may not be more than 50 basis points higher than the corresponding all-in yield (giving effect to interest rate margins, original issue discount, upfront fees and LIBOR/ABR floors) for the then outstanding Term Loans, unless the interest r...