Contract analysis
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Contract analysis / closing-index-and-signature-pages.docx
closing-index-and-signature-pages.docx
High · 1
Medium · 1
Standard · 2
Article 1 — Definitions and Incorporation by Reference. Includes definitions of all capita
Article 1 — Definitions and Incorporation by Reference. Includes definitions of all capitalized terms used throughout the Indenture, including the definition of "Material Adverse Effect."
Article 4 — Covenants. Contains incurrence-based covenants applicable to the Issuer and it
Medium
⚑ Notice / time limit to track
Article 4 — Covenants. Contains incurrence-based covenants applicable to the Issuer and its Restricted Subsidiaries, including: • Fixed Charge Coverage Ratio ("FCCR") Incurrence Test: The Issuer may not incur additional Indebtedness unless the pro forma FCCR is at least 2.00 to 1.00. • Limitation on Restricted Payments: Restricted payments are permitted subject to a builder basket equal to $50,000,000 plus 50% of Con
Article 6 — Events of Default. Sets forth Events of Default, including failure to pay prin
Article 6 — Events of Default. Sets forth Events of Default, including failure to pay principal or interest, breach of covenants, cross-default, and certain bankruptcy events.
Article 8 — Defeasance. Provides for legal defeasance and covenant defeasance of the Notes
Article 8 — Defeasance. Provides for legal defeasance and covenant defeasance of the Notes.
Article 10 — Subsidiary Guarantees. Sets forth the terms of the subsidiary guarantees prov
Article 10 — Subsidiary Guarantees. Sets forth the terms of the subsidiary guarantees provided by each Guarantor, including provisions for release of guarantees under specified circumstances.
Section 3.07 — Optional Redemption. Permits the Issuer to redeem the Notes, in whole or in
Standard
⚑ Commercial term
Section 3.07 — Optional Redemption. Permits the Issuer to redeem the Notes, in whole or in part, at the redemption prices set forth in the optional redemption schedule (104.125% on or after July 1, 2027; 102.063% on or after July 1, 2028; 100.000% on or after July 1, 2029).
Section 3.08 — Equity Clawback. Permits the Issuer to redeem up to 40% of the original agg
Standard
⚑ Commercial term
Section 3.08 — Equity Clawback. Permits the Issuer to redeem up to 40% of the original aggregate principal amount of the Notes ($200,000,000) at a redemption price of 108.250% of par, plus accrued and unpaid interest, with the net cash proceeds of one or more Equity Offerings prior to July 1, 2027, provided that at least 60% of the original aggregate principal amount of the Notes remains outstanding after such redemp
Section 4.14 — Change of Control. Upon the occurrence of a Change of Control Triggering Ev
High
⚑ Indemnity / guarantee obligation
Section 4.14 — Change of Control. Upon the occurrence of a Change of Control Triggering Event, each Holder will have the right to require the Issuer to repurchase all or any portion of such Holder's Notes at a purchase price equal to 101.000% of the principal amount thereof, plus accrued and unpaid interest to the date of purchase. The Indenture is governed by the laws of the State of New York. Counterpart Signature