Existing Unsecured Notes definition
Examples of Existing Unsecured Notes in a sentence
If on December 4, 2028, more than $250,000,000 aggregate principal amount of Existing Unsecured Notes are outstanding, the Issuer will provide notice to the Trustee of the effectiveness of the Springing Maturity Date.
For so long as the Notes are outstanding, if the Issuer refinances the Existing Unsecured Notes with other indebtedness for borrowed money (“Unsecured Notes Refinancing Indebtedness”), such Unsecured Notes Refinancing Indebtedness shall have a maturity date that is no earlier than the 91st day after the Scheduled Maturity Date of the Notes.
On the Springing Maturity Date, the Issuer shall either (i) cause the Notes to be redeemed or otherwise cause all amounts payable under this Indenture to be paid or (ii) notify the Trustee that the aggregate principal amount of Existing Unsecured Notes has been reduced to below $250,000,000, and the Springing Maturity Date is no longer in effect.