Common use of Redemption of Senior Notes Clause in Contracts

Redemption of Senior Notes. If the Senior Notes are outstanding immediately prior to the Closing, Skynet and Holdco shall reasonably cooperate with each other to cause all outstanding Senior Notes to be either (i) redeemed and no longer outstanding as of the Closing as provided in the Senior Note Documents or (ii) called for redemption, and such Senior Notes and the Senior Note Indenture to be satisfied and discharged, as of the Closing pursuant to and in accordance with Section 8.01(a) of the Senior Note Indenture, in either case including by jointly issuing written notice of such redemption to the holders of the Senior Notes and any other Person entitled to receipt of such notice under the Senior Note Documents; provided that, in the event that the immediately preceding clause (ii) shall be applicable, Skynet shall use its commercially reasonable efforts to cause all outstanding Senior Notes to be redeemed and no longer outstanding as soon as reasonably practicable after the Closing. If the Redemption Facility is outstanding immediately prior to the Closing, Skynet and Holdco shall reasonably cooperate with each other to cause the Redemption Facility to be prepaid in full as of the Closing, including by jointly issuing written notice of such prepayment to the lenders under such facility.