Common use of The Senior Clause in Contracts

The Senior. Note Offering shall have been consummated in accordance with applicable law and the Borrower shall have received therefrom aggregate gross cash proceeds of not less than $250,000,000. The material terms and conditions of the 2003 Senior Notes and the provisions of the indenture and other agreements and documents executed and delivered in connection with the Senior Note Offering shall be reasonably satisfactory to the Initial Lenders, each of whom shall have received copies of all such documents, certified by a Financial Officer as being complete and correct in all material respects.

Appears in 2 contracts

Sources: Credit Agreement (Allied Waste Industries Inc), Credit Agreement (Allied Waste Industries Inc)