Priority Senior Secured Notes. The Borrower shall have delivered to the Administrative Agent an executed copy of the First-Priority Senior Secured Note Documents to be entered into on the Closing Date.
Priority Senior Secured Notes. The proceeds of the First Lien Notes issued on the Other Amendments Effective Date (the “2013 First Lien Notes”) shall have been used to (i) repay in full all Term Loans and (ii) purchase, redeem or discharge all of the Second-Priority Senior Secured Floating Rate Notes Due 2014 issued under the Indenture, dated as of November 3, 2006, among Hexion U.S. Finance Corp. and Hexion Nova Scotia Finance, ULC, as co-issuers, the guarantors named therein and Wilmington Trust Company, as trustee, in each case outstanding on the Other Amendments Effective Date. The Required Lenders hereby waive the notice requirements of Section 2.11(d) of the Initial Amended Credit Agreement with respect to repayments pursuant to this Section 3.2(a).
