Common use of Note Exchange Clause in Contracts

Note Exchange. Notwithstanding any other provision of this Agreement nothing herein shall be construed as prohibiting any Note Issuer, from time to time, agreeing to the exchange of one type of Senior Note for another type of Senior Note or the refinancing of a Senior Note from the proceeds of the issuance of new Senior Notes in accordance with the provisions of the Note Documents and taking such action as is required to facilitate the same.

Appears in 2 contracts

Sources: Revolving Multicurrency Credit Facility (Derby Cycle Corp), Facility Agreement (Lyon Investments B V)

Note Exchange. Notwithstanding any other provision of this Agreement nothing herein shall be construed as prohibiting any Note Issuer, from time to time, agreeing 108 to the exchange of one type of Senior Note for another type of Senior Note or the refinancing of a Senior Note from the proceeds of the issuance of new Senior Notes in accordance with the provisions of the Note Documents and taking such action as is required to facilitate the same.

Appears in 1 contract

Sources: Facility Agreement (Derby Cycle Corp)