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 Senior Debt Documents and the Second Priority Debt Documents, Rite Aid may incur or issue and sell one or more series or classes of Senior Facilities. Any such additional class or series of Additional Senior Debt (the “Senior Class Debt”) may be secured by the Senior Lien and may be Guaranteed by the Subsidiary Guarantors on a senior basis, in each case under and pursuant to the Senior Collateral Documents, if and subject to the condition that the Representative of any such Senior Class Debt (each, a “Senior Class Debt Representative”), acting on behalf of the holders of such Senior Class Debt (such Representative and holders in respect of any Senior Class Debt being referred to as the “Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (v) of the immediately succeeding paragraph. In order for a Senior Class Debt Representative to become a party to this Agreement,

Appears in 2 contracts

Samples: Intercreditor Agreement, Senior Lien Intercreditor Agreement (Rite Aid Corp)

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

Appears in 1 contract

Samples: First Lien Intercreditor Agreement (Univision Holdings, Inc.)

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

Appears in 1 contract

Samples: Intercreditor Agreement (Forterra, Inc.)

Additional Senior Debt. To the extent, but only to the extent permitted by the provisions of the Senior Debt Documents Credit Agreement and the Second Priority Debt Additional First Lien Documents, Rite Aid the Company may incur or issue and sell one or more series or classes of Senior FacilitiesAdditional First Lien Obligations. Any such additional class or series of Additional Senior Debt First Lien Obligations (the “Senior Class Debt”) may be secured by the Senior a Lien and may be Guaranteed by the Subsidiary Guarantors on a senior basis, in each case under and pursuant to the Senior Collateral First Lien Security Documents, if and subject to the condition that the Authorized Representative of any such Senior Class Debt (each, a “Senior Class Debt Representative”), acting on behalf of the holders of such Senior Class Debt (such Authorized Representative and holders in respect of any Senior Class Debt being referred to as the “Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (viv) of the immediately succeeding paragraph. In order for a Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Samples: Intercreditor Agreement (PAETEC Holding Corp.)

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

Appears in 1 contract

Samples: Credit Agreement (Cbre Group, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Foundation Building Materials, Inc.)

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