Common use of Qualified Credit Facility; Senior Indebtedness Clause in Contracts

Qualified Credit Facility; Senior Indebtedness. The Loans and the other Obligations constitute a “Qualified Credit Facility” as defined in the Financing Inc. Indentures and the Additional Financing Inc. Indentures. The Loans and the other Obligations constitute “Senior Indebtedness” of the Parent, the Borrower and each other Loan Party for purposes of any Indebtedness of the Parent, the Borrower or such other Loan Party that by its terms is subordinated to any other Indebtedness of such Person.

Appears in 9 contracts

Samples: Credit Agreement (Level 3 Communications Inc), Credit Agreement (Level 3 Communications Inc), Credit Agreement (Level 3 Communications Inc)

AutoNDA by SimpleDocs

Qualified Credit Facility; Senior Indebtedness. The Loans and the other Obligations constitute a “Qualified Credit Facility” as defined in the Financing Inc. Indentures and the Additional Financing Inc. Indentures. The Loans and the other Obligations constitute “Senior Indebtedness” of the Parent, the Borrower and each other Loan Party for purposes of any Indebtedness of the Parent, the Borrower or such other Loan Party that by its terms is subordinated to any other Indebtedness of such Person.

Appears in 2 contracts

Samples: Credit Agreement (Level 3 Communications Inc), Credit Agreement (Level 3 Communications Inc)

Qualified Credit Facility; Senior Indebtedness. The Loans and the other Obligations constitute a “Qualified Credit Facility” as defined in the Financing Inc. Indentures and the Additional Financing Inc. Indentures. The Loans and the other Obligations constitute “Senior Indebtedness” of the ParentXxxxx 0, the Borrower and each other Loan Party for purposes of any Indebtedness of the ParentXxxxx 0, the Borrower or such other Loan Party that by its terms is subordinated to any other Indebtedness of such Person.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Level 3 Communications Inc)

Qualified Credit Facility; Senior Indebtedness. The Loans and the other Obligations constitute a “Qualified Credit Facility” as defined in the Financing Inc. Indentures Indentures. The Loans and the Additional Financing Inc. other Obligations constitute a “Credit Facility” as defined in the Parent’s Indentures. The Loans and the other Obligations constitute “Senior Indebtedness” of the Parent, the Borrower and each other Loan Party for purposes of any Indebtedness of the Parent, the Borrower or such other Loan Party that by its terms is subordinated to any other Indebtedness of such Person.

Appears in 1 contract

Samples: Assignment and Amendment Agreement (Level 3 Communications Inc)

AutoNDA by SimpleDocs

Qualified Credit Facility; Senior Indebtedness. The Loans and the other Obligations constitute a “Qualified Credit Facility” as defined in the Financing Inc. Indentures and the Additional Financing Inc. Secured Notes Indentures. The Loans and the other Obligations constitute “Senior Indebtedness” of the ParentXxxxx 0, the Borrower and each other Loan Party for purposes of any Indebtedness of the ParentXxxxx 0, the Borrower or such other Loan Party that by its terms is subordinated to any other Indebtedness of such Person.

Appears in 1 contract

Samples: Credit Agreement (Level 3 Parent, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.