Common use of Debt Refinancing Clause in Contracts

Debt Refinancing. (a) The Company shall use its reasonable best efforts to consummate the Senior Debt Refinancing on substantially the terms set forth in Exhibit G hereto. (b) Prior to Closing, the Company shall (i) use its commercially reasonable efforts to cause the terms of the agreements to be entered into pursuant to the Senior Debt Refinancing, including any senior ranked revolving credit facility, to not prohibit the acquisition of debt securities, other than debt securities issued pursuant to the Senior Debt Refinancing, of the Company by the Investors and (ii) not enter into any agreement, other than the agreements referred to in clause (i), which would prohibit the acquisition of debt securities by the Investors.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Hexcel Corp /De/), Stock Purchase Agreement (Hexcel Corp /De/)