Also check your credit agreements and indentures so that you don`t run the Greenshoe language. If the credit agreement or indenture allows a greenshoe or carve-out language, you should also look for the most-favoured-nation (MFN) language. Also called Yield Protection / Maintenance. See Jarden (JAH) for a very good example. Inter-creditor agreements: If the loan has a second pledge debt (drag bonds. I suppose one could say that there will also be an agreement between the creditors on most of the first rights of pledge. Pay special attention to what language says silently. Make sure of the number of days of downtime and the rights you have as a current or potential holder of a second privilege with respect to the termination of the status quo agreement.