Qualifying Senior Notes

Qualifying Senior Notes. Means term Indebtedness of Borrower: (a) which is issued pursuant to credit documentation which is determined by the Administrative Agent (i) to contain representations, warranties, covenants and defaults which are no more onerous to the Borrower than those contained in the Credit Agreement or, (ii) if such Indebtedness consists of high yield debt securities, to contain representations, warranties, covenants and defaults customary for such debt securities and which are, when... considered as a whole, no more restrictive upon Borrower and its Subsidiaries than the corresponding provisions of the Credit Agreement; (b) which shall not require any amortization or have any mandatory prepayments unless the Obligations have been or concurrently are paid in full (other than customary offers to redeem or repurchase such Indebtedness upon a change in control or asset sales on terms reasonably acceptable to the Administrative Agent), or have any increase to the applicable interest rate or pricing following a date certain; (c) which shall have a maturity which is not shorter than one year following the final maturity of the Obligations; and (d) which does not have the benefit of a cross-default provision to any other Indebtedness of Borrower and its Subsidiaries (but may contain a cross acceleration or cross payment default provision). View More