Parallel Debt. (a) For purposes of this Section 10.26, (i) “Corresponding Debt” means all Obligations which any Credit Party owes to any Secured Party and (ii) “Parallel Debt” means any amount which a Credit Party owes to the Collateral Agent under this Section 10.26.
Appears in 4 contracts
Samples: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)
Parallel Debt. (a) For purposes of this Section 10.2610.22, (i) “Corresponding Debt” means all Obligations which any Credit Loan Party owes to any Secured Party and (ii) “Parallel Debt” means any amount which a Credit Loan Party owes to the Collateral Agent under this Section 10.2610.22.
Appears in 4 contracts
Samples: Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD)
Parallel Debt. (a) For purposes the purpose of this Section 10.2610.20, (i) “Corresponding DebtObligations” means all each Loan Party’s Obligations which any Credit Party owes to any Secured Party and (ii) “other than the Parallel Debt” means any amount which a Credit Party owes to the Collateral Agent under this Section 10.26.
Appears in 3 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Babcock & Wilcox Enterprises, Inc.)
Parallel Debt. (a) For purposes the purpose of this Section 10.2610.20, (i) “Corresponding DebtObligations” means all each Loan Party’s Obligations which any Credit Party owes to any Secured Party and (ii) “other than the Parallel Debt” means any amount which a Credit Party owes to the Collateral Agent under this Section 10.26.
Appears in 2 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Babcock & Wilcox Enterprises, Inc.)
Parallel Debt. (a) For purposes of this Section 10.2610.34, (i) the term “Corresponding Debt” means shall mean all Obligations Obligations, to the extent concerning an obligation to pay a sum of money, which any Credit Loan Party owes to any Secured Party under the Loan Documents and (ii) the term “Parallel Debt” means shall mean any amount which a Credit Loan Party owes to the Collateral Administrative Agent under this Section 10.2610.34. (b) Each Loan Party irrevocably and unconditionally undertakes to pay to the Administrative Agent amounts equal to, and in the currency or currencies of, its Corresponding Debt.
Appears in 1 contract
Samples: Credit Agreement (Avaya Inc)
