Common use of Additional Unsecured Indebtedness Clause in Contracts

Additional Unsecured Indebtedness. Unsecured Subordinated Indebtedness and Senior Unsecured Notes (in addition to the Indebtedness under the Current Indenture) on terms and conditions customary in the market for such type of Indebtedness and provided Company delivers to the Administrative Agent a certificate signed by a Financial Officer certifying to the extent applicable that (i) in any indenture or other document pursuant to which any additional Subordinated Indebtedness is issued, all Indebtedness under and in compliance with the terms of this Agreement is denominated and defined as “Permitted Debt and as “Senior Debt” (or terms similar thereto and approved by the Administrative Agent) and in any indenture or other document pursuant to which any additional Senior Unsecured Notes are issued, all Indebtedness under and in compliance with the terms of this Agreement is denominated and defined “Permitted Debt” as in the Current Indenture (or terms similar thereto and approved by the Administrative Agent), (ii) the stated maturity date of any such additional Subordinated Indebtedness or Senior Unsecured Notes does not occur prior to the Revolving Credit Maturity Date, (iii) no Default or Event of Default is then in existence or would be caused by the issuance of any such additional Subordinated Indebtedness or Senior Unsecured Notes and (iv) the Company and each Subsidiary are and shall be in compliance with the financial covenant set forth in Section 6.2 both immediately before and after giving pro forma effect to the incurrence of any such Subordinated Indebtedness or Senior Unsecured Notes.

Appears in 1 contract

Sources: Loan Agreement (Moog Inc.)

Additional Unsecured Indebtedness. Unsecured Subordinated Indebtedness and Senior Unsecured Notes (in addition to the Indebtedness under the Current Indenture) and Senior Unsecured Notes on terms and conditions customary in the market for such type of Indebtedness and provided Company delivers to the Administrative Agent a certificate signed by a Financial Officer certifying to the extent applicable that (i) in any indenture or other document pursuant to which any additional Subordinated Indebtedness is issued, all Indebtedness under and in compliance with the terms of this Agreement is denominated and defined as “Permitted Debt and as “Senior Debt” (or terms similar thereto and approved by the Administrative Agent) and in any indenture or other document pursuant to which any additional “Designated Senior Unsecured Notes are issued, all Indebtedness under and in compliance with the terms of this Agreement is denominated and defined “Permitted Debt” as in the Current Indenture (or terms similar thereto and approved by the Administrative Agent), (ii) the stated maturity date of any such additional Subordinated Indebtedness or Senior Unsecured Notes does not occur prior to the Revolving Credit Maturity Date, (iii) no Default or Event of Default is then in existence or would be caused by the issuance of any such additional Subordinated Indebtedness or Senior Unsecured Notes and (iv) the Company and each Subsidiary are and shall be in compliance with the financial covenant set forth in Section 6.2 both immediately before and after giving pro forma effect to the incurrence of any such Subordinated Indebtedness or Senior Unsecured Notes.

Appears in 1 contract

Sources: Loan Agreement (Moog Inc)