Common use of Refinancing of Indebtedness Clause in Contracts

Refinancing of Indebtedness. Each of the Merging Parties agrees --------------------------- to use its best efforts and to take all necessary steps and actions to facilitate the refinancing by Orion and Actava of the Orion Senior Indebtedness (as defined in Section 15.9) and the Orion Subordinated Indebtedness (as defined in Section 15.9). 120

Appears in 2 contracts

Sources: Agreement and Plan of Merger (Orion Pictures Corp), Agreement and Plan of Merger (Actava Group Inc)