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Additional First Priority Agreement definition

Additional First Priority Agreement means any agreement permitted to be designated as such by the First Priority Agreement and the Second Priority Agreement.
Additional First Priority Agreement means any agreement evidencing Additional First Priority Debt designated as such in writing by the Borrower to the extent permitted to be so designated under each then extant First Priority Agreement and Second Priority Agreement.
Additional First Priority Agreement means any agreement designated as such in writing by the Borrower; provided that (a) the obligations incurred pursuant to such agreement are permitted to be incurred and secured on a pari passu basis with the then extant First Priority Obligations by the terms of each then extant First Priority Agreement and Second Priority Agreement and (b) the Borrower shall have delivered to each Collateral Agent (i) true and complete copies of such agreement and security documents relating to such agreement, certified as being true and correct by an Authorized Officer of the Borrower and (ii) a certificate of an Authorized Officer of the Borrower describing the obligations incurred pursuant to such agreement to be designated as additional First Priority Obligations and the initial aggregate principal amount or face amount thereof, together with the aggregate commitments thereunder, and certifying that such obligations are permitted to be incurred and secured on a pari passu basis with the then extant First Priority Obligations by the terms of each then extant First Priority Agreement and Second Priority Agreement.

Examples of Additional First Priority Agreement in a sentence

  • For example, our analysis showed that changes in the customers’ requirement of power output, alterations to current plate manufacturing technologies which allow bipolar plates to be produced more cheaply but cause them to be thicker, and the use of a cheaper catalyst which requires thicker catalyst plates, wouldnecessitate a greater stack length.

  • The First Priority Notes and the First Priority Indenture shall each constitute an Additional First Priority Agreement under the Intercreditor Agreement, and each reference therein to “First Priority Representative” shall be construed to include the Additional First Priority Representative.

  • The First Lien Junior Priority Notes and the First Lien Junior Priority Indenture shall each constitute an Additional First Priority Agreement under the Intercreditor Agreement, and each reference therein to “First Priority Representative” shall be construed to include the Additional First Priority Representative.


More Definitions of Additional First Priority Agreement

Additional First Priority Agreement means any agreement selected for designation as such by the Borrowers.
Additional First Priority Agreement means any agreement evidencing Additional First Lien Debt permitted by the First Priority Agreement and Second Priority Agreement to be secured by Liens on the Common Collateral on a basis senior to the Liens on the Common Collateral securing any Second Priority Obligations and permitted to be designated as such by the First Priority Agreement and the Second Priority Agreement and that has been so designated hereunder, including for purposes of the Second Priority Agreement, any Credit Facility (as such term is defined in the Second Priority Agreement) that provides for or evidences “First Lien Obligations” (as such term is defined in the Second Priority Agreement).
Additional First Priority Agreement means any agreement designated as such in writing (including by addendum to this Agreement substantially in the form set forth as Exhibit A hereto) by the Company; provided that the Company shall have delivered to each Secured Party (or the respective collateral agents on behalf of such Secured Parties) (i) true and complete copies of such agreement and security documents relating to such agreement, certified as being true and correct by an authorized officer of the Company and (ii) a certificate of an authorized officer describing the obligations incurred pursuant to such agreement to be designated as First Priority Obligations and the initial aggregate principal amount or face amount thereof, together with the aggregate commitments thereunder, and certifying that such obligations are permitted to be incurred and secured on a pari passu basis with the then extant First Priority Obligations by the terms of each then extant First Priority Agreement and Second Priority Agreement.
Additional First Priority Agreement means any agreement designated as such in writing (including by addendum to this Agreement) by the Company; provided that the Company shall have delivered to each Collateral Agent (i) true and complete copies of such agreement and security documents relating to such agreement, certified as being true and correct by an authorized officer of the Company and (ii) a certificate of an authorized officer describing the obligations incurred pursuant to such agreement to be designated as First-Priority Obligations and the initial aggregate principal amount or face amount thereof and certifying that such obligations are permitted to be incurred and secured on a pari passu basis with the then extant First-Priority Obligations by the terms of each then extant First-Priority Agreement and Second-Priority Agreement.
Additional First Priority Agreement means any agreement approved for designation as such by the First Priority Representative, the Second Priority Representative and the Third Priority Representative.
Additional First Priority Agreement means any agreement permitted to be designated as such by the First Priority Agreement and the Second Priority Agreement. “Additional Second Priority Agreement” means any agreement permitted to be designated as such by the First Priority Agreement and the Second Priority Agreement.
Additional First Priority Agreement means any agreement governing any indebtedness and guarantees thereof that is incurred, issued or guaranteed by the Company and/or any other Grantor (other than the indebtedness and guarantees thereof governed by the Existing First Priority Agreements), which indebtedness and guarantees are secured by the First Priority Collateral (or a portion thereof), including, in any event, any agreement governing any “Additional Secured Debt” under, and as defined in, the First Priority Collateral Trust Agreement.