“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other Person, or (c) an Acquisition. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment.
“Judgement Currency” has the meaning assigned to such term in Section 11.18.
“Laws” means, collectively, all international, foreign, federal, state, local and municipal statutes, treaties, rules, guidelines, regulations, ordinances, standards, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority.
“Legacy Bonds” means the 6.500% senior notes due 2025 issued by Auna S.A.A. (now Auna S.A.) under the indenture dated as of November 20, 2020 (as amended from time to time).
“Lenders” has the meaning assigned to such term in the introductory paragraph to this Agreement and includes any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.
“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrowers and the Administrative Agent.
“Liability Management Transaction” means an offer to exchange the Legacy Bonds for the Senior Secured Bonds; provided that (i) the maximum yield on the Senior Secured Bonds shall be 12%, (ii) a minimum of 75% of the Legacy Bonds offered for exchange have been accepted, and (iii) the maturity date of the Senior Secured Bonds shall be at least five and a half (5.5) years from the date of initial issuance; provided further that each Arranger may, in its sole discretion, waive the requirement set forth in clause (ii) above so long as 70% of the Legacy Bonds offered for exchange have been accepted.
“Lien” means any mortgage, pledge, hypothecation, assignment, fideicomiso de garantía, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).
“Loan” means an extension of credit made in cash by a Lender to the Borrowers under Article II.
“Loan Documents” means this Agreement, the Intercreditor Agreement, the Notes, the Security Documents, the Fee Letters and each other agreement, amendment, certificate, instrument, waiver or document executed and delivered in connection with any of the foregoing and designated by the Loan Parties and the Administrative Agent as a “Loan Document”.
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