USPP Notes definition
Examples of USPP Notes in a sentence
The Parent confirms (and each USPP Noteholder acknowledges) that all existing notes held by the USPP Noteholders have, as at the Effective Date, been replaced by new USPP Notes issued under the USPP Note Agreement with a stated maturity of 14 February 2014, with the USPP Note Agreement comprising an “Existing Finance Document” for all purposes hereunder.
The Guarantor undertakes that it shall deliver to the Facility Agent, not later than 6 months before the maturity date of the USPP Notes, its plan on the bullet amount repayment of the USPP Notes (including, without limitation, cash at hand, ships sale, refinance and scrap proceeds).