Examples of Existing Bond in a sentence
No Participating Defendant shall seek to hold the Class, any member of the Class or Class Counsel responsible, in the event the Judgment against such Participating Defendant is reversed in whole or in part, for the costs or premiums incurred by such Participating Defendant in posting the Existing Bond or providing the Escrowed Funds or for any other taxable or other costs or attorney's fees incurred by such Participating Defendant in this case.
Except as set forth in the Existing Bond Documentation, no Subsidiary shall be a party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its capital stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Loan Documents or Applicable Law.
Upon Completion of Review, and subject to the remaining provisions of this Stipulation and the Escrow Agreements, such Existing Bond and/or Escrowed Funds (or portions thereof) shall be payable or subject to withdrawal as provided by paragraph 12(a) below, whichever clause of such paragraph may be applicable.
Within 46 days after paying its respective share of the Class Escrowed Funds, Philip Morris shall provide security in addition to its Existing Bond by depositing an additional $1,200,000,000 into a second, separate restricted escrow in accordance with the terms of an escrow agreement substantially similar to the form of Escrow Agreement attached hereto as Exhibit B (the "Second Escrow Agreement," and together with the First Escrow Agreement, the "Escrow Agreements").
Treatment: On the Effective Date, the Existing Bond Indenture and Existing Bonds will be extinguished.