Common use of Additional Senior Debt Clause in Contracts

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement and the Additional First Lien Documents, the Borrower may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, may be secured by such Liens if and subject to the condition that the trustee, administrative agent or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class Debt, become a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 5 contracts

Samples: Credit Agreement (RBC Bearings INC), Lien Intercreditor Agreement (Academy Sports & Outdoors, Inc.), Intercreditor Agreement (Focus Financial Partners Inc.)

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Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement and the Additional First First-Lien Documents, the Borrower Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 5 contracts

Samples: Junior Lien Intercreditor Agreement (Virtu Financial, Inc.), Credit Agreement (Virtu Financial, Inc.), Credit Agreement (Virtu Financial, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First Lien Documents, the Borrower may incur Incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Documents to be incurred Incurred and secured on an equal and ratable basis by the Shared Collateral on a priority basis that is equal to the Liens on the Shared Collateral securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such a Lien on the Shared Collateral on a basis that is equal to the Liens on the Shared Collateral securing the Obligations, in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Class Debt being referred to as the “Additional Class Debt Parties”), and, to the extent not already a party hereto, the collateral agent for any such Additional Class Debt, become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In orderorder for an Additional Class Debt Representative and, with respect to if applicable, the collateral agent for any such Additional Senior Class Debt, for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 4 contracts

Samples: Junior Priority Intercreditor Agreement (Snap One Holdings Corp.), Junior Priority Intercreditor Agreement (MultiPlan Corp), First Lien Credit Agreement (Grocery Outlet Holding Corp.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Secured Credit Agreement and the Additional First Lien Documents, the Borrower may incur additional indebtedness after the date hereof that is permitted by the Secured Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 4 contracts

Samples: Junior Intercreditor Agreement (Chart Industries Inc), Intercreditor Agreement (Driven Brands Holdings Inc.), Intercreditor Agreement (Clear Channel Outdoor Holdings, Inc.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement Agreements and the Additional First Lien Pari Debt Documents, the Borrower may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement Agreements and the Additional First Lien Pari Debt Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Pari Debt Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Pari Debt Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Additional Pari Debt Agent of any such Additional Senior Class Debt (each, each an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class Debt, become Debt (such Additional Pari Debt Agent and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”) becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 2 contracts

Samples: Revolving Credit Agreement (IASIS Healthcare LLC), Credit Agreement (IASIS Healthcare LLC)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Secured Credit Agreement and the Additional First Lien DocumentsDocuments then in effect, the Borrower may incur additional indebtedness after the date hereof that is permitted by the Secured Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 2 contracts

Samples: Credit Agreement (Wyndham Destinations, Inc.), Credit Agreement (Wyndham Destinations, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant Secured Credit Agreement and the Additional First Lien Documents, the Borrower Borrowers may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement as an Authorized Representative by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Samples: Security Agreement (Par Pharmacuetical, Inc.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement and the Additional First First-Lien Documents, the Borrower may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First First-Lien Obligations (such indebtedness being referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf and with the collateral agent, collateral trustee or similar representative for authorization (which may be contained in the applicable Additional First-Lien Documents) of the holders of such Additional Senior Class Debt (each, an “such Authorized Representative and holders in respect of any Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, being referred to as the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class Debt, become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Samples: Credit Agreement (Weight Watchers International Inc)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First Lien Priority Credit Documents, the Borrower Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Priority Credit Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Priority Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the First Lien Priority Credit Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Indenture (Ferrellgas Partners Finance Corp)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First Lien Xxxx Xxxx Documents, the Borrower Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Xxxx Xxxx Documents to be incurred and secured on an equal and ratable basis by the Liens liens securing the First Lien Xxxx Xxxx Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Xxxx Xxxx Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an a “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an a Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Pledge and Security Agreement (TMS International Corp.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement and the Additional then extant First Lien Debt Documents, the Borrower Grantors may incur additional indebtedness and related obligations after the date hereof that is permitted by the Credit Agreement and the Additional then extant First Lien Debt Documents to be incurred and secured by any asset of a Grantor that would constitute Shared Collateral on an equal and ratable basis by as the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First Lien Debt Documents relating thereto, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, each an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Credit Agreement (Lamb Weston Holdings, Inc.)

Additional Senior Debt. To the extent, but only to the extent, permitted extent not prohibited by the provisions of the Secured Credit Agreement and Documents then in effect, any Borrower (as defined in the Additional First Lien applicable Secured Credit Documents, the Borrower ) may incur additional indebtedness after the date hereof that is permitted not prohibited by the Secured Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (ia) through (ivc) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Passu Intercreditor Agreement (Dana Inc)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First First-Lien Documents, the Borrower Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens liens securing the First First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an a “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an a Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Junior Lien Intercreditor Agreement (MPBP Holdings, Inc.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Secured Credit Agreement and the Additional First Lien Documents, the Borrower Borrowers may incur additional indebtedness after the date hereof that is permitted by the Secured Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Security Agreement (Houghton Mifflin Harcourt Co)

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Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of each of the then-extant Secured Credit Agreement and the Additional First Lien Documents, the Borrower Borrowers may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Pari Passu Obligations on a first lien basis that is pari passu in right of payment with the Second-Out Term Loans (as defined in the Credit Agreement) and Initial Additional Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such a Lien and may be guaranteed by the Grantors on a senior basis (which Lien shall rank on a pari passu basis with the Liens on the Shared Collateral securing all other Pari Passu Obligations that are secured on a first lien basis), in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Additional Senior Class Debt Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement as an Authorized Representative, by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,Agreement as an Authorized Representative:

Appears in 1 contract

Samples: First Lien Intercreditor Agreement (Mallinckrodt PLC)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement First Priority Debt Documents, the Indenture, and the Additional First Lien Documents, the Borrower Company may incur additional indebtedness after the date hereof that is permitted by First Priority Debt Documents the Credit Agreement Indenture and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien on a pari passu basis, in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Class Debt being referred to as the “Additional Class Debt Parties”), become becomes a party to this Agreement and the Junior Priority Intercreditor Agreement (if then in effect) by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In orderorder for an Additional Class Debt Representative and, with respect to if applicable, the collateral agent for any such Additional Senior Class Debt, for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Security Agreement (Ocwen Financial Corp)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First Lien Pari Passu Documents, the Borrower Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Pari Passu Documents to be incurred and secured on an equal and ratable basis by the Liens liens securing the First Lien Pari Passu Obligations (such indebtedness referred re­ferred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Pari Passu Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Au­thorized Representative of any such Additional Senior Class Debt (each, an a “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for acting on behalf of the holders of such Additional Senior Class Debt Indebtedness (each, an “such Authorized Representative and holders in respect of any Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, be­ing referred to as the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class Debt, become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Passu Intercreditor Agreement (Burlington Stores, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then existing Secured Credit Agreement and the Additional First Lien Documents, the Borrower may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Second-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Second-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement as an Authorized Representative by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Samples: Assignment and Assumption (TransFirst Inc.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Secured Credit Agreement and the Additional First Lien DocumentsDocuments then in effect, the Borrower Borrowers may incur additional indebtedness after the date hereof that is permitted by the Secured Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Credit Agreement (W R Grace & Co)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant Secured Credit Agreement and the Additional First Lien Documents, the Borrower Borrowers may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized 96064450_3 Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement as an Authorized Representative by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Samples: Security Agreement (Bloomin' Brands, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant Secured Credit Agreement and the Additional First Lien Documents, the Borrower Borrowers may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First First-Lien Documents then outstanding to be incurred and secured on an equal and ratable basis by the Liens securing the First First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement as an Authorized Representative by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Samples: Credit Agreement (Patheon Inc)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First First-Lien Documents, the Borrower Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt, together with obligations relating thereto, Debt may be secured by such Liens a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the trustee, administrative agent or similar representative for the holders Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the holders of such Additional Senior Class Debt and the related Additional Senior Class Debt Representative, the “Additional Senior Class Debt Parties”), in each case acting on behalf of the holders of such Additional Senior Class DebtDebt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), become becomes a party to this Agreement by satisfying the conditions set forth in clauses (iA) through (ivD) of the immediately succeeding paragraph. In order, with respect to any Additional Senior Class Debt, order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Samples: Security Agreement (Rockwood Holdings, Inc.)

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