Indirect Participant means a Person who holds a beneficial interest in a Global Security through a Participant.
Interest Payment Date means June 21 and December 21 of each year.
Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Moodys and BBB- (or the equivalent) by S&P or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.
Issue Date means December 21, 2020, the date on which the Senior Notes are originally issued under this Eleventh Supplemental Indenture.
Lien means any lien, mortgage, deed of trust, hypothecation, pledge, security interest, charge or encumbrance of any kind.
Make-Whole Redemption Price has the meaning given to such term in Section 4.1 hereof.
Moodys means Moodys Investors Service, Inc., a subsidiary of Moodys Corporation, and its successors.
Par Call Date has the meaning given to such term in Section 4.1(a) hereof.
Participant means, with respect to the Depositary, a Person who has an account with the Depositary.
Permitted Liens means:
(a) Liens imposed by law or any governmental authority for taxes, assessments, levies or charges that are not yet overdue by more than 60 days or are being contested in good faith (and, if necessary, by appropriate proceedings) or for commitments that have not been violated;
(b) carriers, warehousemens, mechanics, materialmens, repairmens, landlords and similar Liens imposed by law, or which arise by operation of law and which are incurred in the ordinary course of business or where the validity or amount thereof is being contested in good faith (and, if necessary, by appropriate proceedings);
(c) Liens incurred or pledges or deposits made in compliance with workers compensation, pension liabilities, unemployment insurance and other social security laws or regulations or other insurance-related obligations (including, without limitation, pledges or deposits securing liability to insurance carriers under insurance or self-insurance arrangements);
(d) Liens incurred or pledges or deposits made to secure the performance of bids, trade contracts, tenders, leases, statutory obligations, surety, customs and appeal bonds, performance bonds, customer deposits and other obligations of a similar nature, in each case in the ordinary course of business;