If an event of default as defined in the New Indenture occurs and is continuing (other than specified events of bankruptcy or insolvency with respect to the Company or a significant subsidiary). the trustee under the New Indenture or the holders of at least 25% in principal amount of the outstanding Match Notes are expected to be able to declare all the outstanding Match Notes to be due and payable immediately. If an 138 Table of Contents event of default relating to specified events of bankruptcy or insolvency with respect to the Company occurs, all of the outstanding Match Notes are expected to become immediately due and payable without any declaration or other act on the pert of the trustee under the New Indenture or any holders of the Match Notes IAC subordinated loan facility Pnor to this offering, we will enter into an uncommitted subordinated loan facility with IAC, or the IAC Subordinated Loan Facility, pursuant to which we may make one or more requests to IAC to borrow funds from it. If IAC agrees to fulfill any such borrowing request from us. such indebtedness will be incurred in accordance with the terms of the IAC Subordinated Loan Facility. Any indebtedness outstanding under the IAC Subordinated Loan Facility will be by its terms subordinated in rigN of payment to the obligations under the Credit Agreement and the Match Notes. Such indebtedness will bear interest at the applicable rate set forth in the pricing grid in the Credit Agreement, which rate is based on our consolidated net leverage ratio at the time of borrowing, plus an additional amount to be agreed. The IAC Subordinated Loan Facility will have a scheduled final maturity date no earlier than 90 days after the maturity date of the Revolving Credit Facility or the latest maturity date in respect of any class of term loans outstanding under the Credit Agreement on the date we enter into such facility. The IAC Subordinated Loan Facility will contain events of default for non-payme