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 then extant First Lien Debt Documents, the Borrower may incur or issue and sell one or more series or classes of Additional First Lien Debt. Any such additional class or series of Additional First Lien Debt (the “First Lien Class Debt”) may be secured by the Collateral and may be Guaranteed by the Guarantors on a pari passu first priority basis, in each case under and pursuant to the Collateral Documents, if and subject to the condition that the Representative of any such First Lien Class Debt (each, a “First Lien Class Debt Representative”), acting on behalf of the holders of such First Lien Class Debt (such Representative and holders in respect of any First Lien Class Debt being referred to as the “First Lien Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (a) through (e) of the immediately succeeding paragraph. In order for a First Lien Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Samples: Credit Agreement (Freescale Semiconductor Inc)

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Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant Credit Agreement, the Note Purchase Agreement and the Additional First Lien Debt Documents, the Borrower may incur or issue and sell one or more series or classes of Additional First Lien DebtObligations. Any such additional class or series of Additional First Lien Debt Obligations (the “First Lien Senior Class Debt”) may be secured by a Lien on the Shared Collateral and may be Guaranteed by the Guarantors Grantors on a senior basis pari passu first priority basiswith the Liens of the other First Lien Obligations, in each case under and pursuant to the Collateral Secured Credit Documents, if and subject to the condition that the Authorized Representative of any such First Lien Senior Class Debt (each, a “First Lien Senior Class Debt Representative”), acting on behalf of the holders of such First Lien Senior Class Debt (such Authorized Representative and holders in respect of any First Lien Senior Class Debt being referred to as the “First Lien Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (ai) through (ev) of the immediately succeeding paragraph. In order for a First Lien Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Samples: Credit Agreement (LifeStance Health Group, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant First Credit Agreement and the Additional Senior Lien Debt Documents, the Borrower Borrowers and the other Grantors may incur or issue and sell one or more series or classes of Additional First Senior Lien DebtObligations. Any such additional class or series of Additional First Senior Lien Debt Obligations (the “First Lien Senior Class Debt”) may be secured by a Lien by the Grantors on the Collateral and may be Guaranteed guaranteed by the Guarantors Grantors on a pari passu first priority senior basis, in each case under and pursuant to the Collateral Senior Lien Documents, if and subject to the condition that the Authorized Representative of any such First Lien Senior Class Debt (each, a “First Lien Senior Class Debt Representative”), acting on behalf of the holders of such First Lien Senior Class Debt (such Authorized Representative and holders in respect of any First Lien Senior Class Debt being referred to as the “First Lien Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (a) through (ed) of the immediately succeeding paragraph. In order for a First Lien Senior Class Debt Representative to become a party to this Agreement,:

Appears in 1 contract

Samples: Credit Agreement (Herbalife Nutrition Ltd.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant Credit Agreement and the Additional First Lien Debt Documents, Holdings, the Borrower and the other Grantors may incur or issue and sell one or more series or classes of Additional First Lien DebtObligations. Any such additional class or series of Additional First Lien Debt Obligations (the “First Lien Senior Class Debt”) may be secured by a Lien by the Grantors on the Collateral and may be Guaranteed by the Guarantors Grantors on a pari passu first priority senior basis, in each case under and pursuant to the Collateral First Lien Documents, if and subject to the condition that the Authorized Representative of any such First Lien Senior Class Debt (each, a “First Lien Senior Class Debt Representative”), acting on behalf of the holders of such First Lien Senior Class Debt (such Authorized Representative and holders in respect of any First Lien Senior Class Debt being referred to as the “First Lien Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (ai) through (eiv) of the immediately succeeding paragraph. In order for a First Lien Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Samples: First Lien Credit Agreement (Trinet Group Inc)

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Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant First Credit Agreement and the Additional Senior Lien Debt Documents, the Borrower and the other Grantors may incur or issue and sell one or more series or classes of Additional First Senior Lien DebtObligations. Any such additional class or series of Additional First Senior Lien Debt Obligations (the “First Lien Senior Class Debt”) may be secured by a Lien by the Grantors on the Collateral and may be Guaranteed by the Guarantors Grantors on a pari passu first priority senior basis, in each case under and pursuant to the Collateral Senior Lien Documents, if and subject to the condition that the Authorized Representative of any such First Lien Senior Class Debt (each, a “First Lien Senior Class Debt Representative”), acting on behalf of the holders of such First Lien Senior Class Debt (such Authorized Representative and holders in respect of any First Lien Senior Class Debt being referred to as the “First Lien Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (ai) through (eiv) of the immediately succeeding paragraph. In order for a First Lien Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Samples: Term Loan Credit Agreement (T-Mobile US, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant First Credit Agreement and the Additional Second Lien Debt Documents, Holdings, the Borrower and the other Grantors may incur or issue and sell one or more series or classes of Additional First Second Lien DebtObligations. Any such additional class or series of Additional First Second Lien Debt Obligations (the “First Lien Senior Class Debt”) may be secured by a Lien by the Grantors on the Collateral and may be Guaranteed by the Guarantors Grantors on a pari passu first priority senior basis, in each case under and pursuant to the Collateral Second Lien Documents, if and subject to the condition that the Authorized Representative of any such First Lien Senior Class Debt (each, a “First Lien Senior Class Debt Representative”), acting on behalf of the holders of such First Lien Senior Class Debt (such Authorized Representative and holders in respect of any First Lien Senior Class Debt being referred to as the “First Lien Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (ai) through (eiv) of the immediately succeeding paragraph. In order for a First Lien Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Samples: Second Lien Credit Agreement (Trinet Group Inc)

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