Common use of Last Dollar Secured Clause in Contracts

Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.

Appears in 18 contracts

Samples: Credit Agreement (Mallinckrodt PLC), Indenture (Mallinckrodt PLC), First Lien Credit Agreement (Cec Entertainment Inc)

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Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.

Appears in 7 contracts

Samples: Senior Secured Notes Agreement (Office Properties Income Trust), Credit Agreement (Nexeo Solutions Finance Corp), Indenture (Edgen Group Inc.)

Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.Amount.]3

Appears in 2 contracts

Samples: Credit Agreement (Valvoline Inc), Credit Agreement (Ashland Inc.)

Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.Amount.29

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Zebra Technologies Corp)

Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.]*

Appears in 2 contracts

Samples: Credit Agreement (CAESARS ENTERTAINMENT Corp), First Lien Credit Agreement (CAESARS ENTERTAINMENT Corp)

Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.Amount.]2

Appears in 1 contract

Samples: Indenture (Fresh Market Holdings, Inc.)

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Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.Amount.]14

Appears in 1 contract

Samples: First Lien Credit Agreement (Vici Properties Inc.)

Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.Amount.2

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Verso Corp)

Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount. 11 To be discussed with local counsel.

Appears in 1 contract

Samples: First Lien Credit Agreement (DS Services of America, Inc.)

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