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

  • The First Lien Priority Notes and the First Lien 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.

  • 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.


More Definitions of Additional First 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 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.
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) 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 selected for designation as such by the Borrowers.
Additional First Priority Agreement means any agreement approved for designation as such by the First Priority Representative and the Second Priority Representative. “Additional Second Priority Agreement” means any agreement approved for designation as such by the First Priority Representative and the Second Priority Representative. “Aircraft” means any aircraft which is part of the Common Collateral. “Bankruptcy Code” means the United States Bankruptcy Code (11 U.S.C. §101 et seq.), as amended from time to time. “Borrower” has the meaning set forth in the introductory paragraph hereof. “Cap Amount” means $2,100,000,000. “Cape Town Convention” means the official English language texts of the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment which were signed in Cape Town, South Africa, as in effect in any applicable jurisdiction. “Cash Collateral” has the meaning as set forth in Section 3.7. “Common Collateral” means all assets that are First Priority Collateral and Second Priority Collateral. “Comparable Second Priority Security Document” means, in relation to any Common Collateral subject to any First Priority Security Document, the Second Priority Security Document that creates a security interest in the same Common Collateral, granted by the same Loan Party, as applicable. “Comparable Junior Security Document” means, in relation to any Common Collateral subject to any First Priority Security Document or Second Priority Security Document, the Junior Priority Security Document that creates a security interest in the same Common Collateral, granted by the same Loan Party, as applicable. “Credit-Linked Deposit” means “Credit-Linked Deposit” as defined in the Existing First Priority Agreement. “Credit-Linked Deposit LC Exposure” means “Credit-Linked Deposit LC Exposure” as defined in the Existing First Priority Agreement. “Credit-Linked Deposit Lenders” means “Credit-Linked Deposit Lenders” as defined in the Existing First Priority Agreement. “Credit-Linked Deposit Letters of Credit” means “Credit-Linked Deposit Letters of Credit” as defined in the Existing First Priority Agreement. “Credit-Linked Deposit Loans” means “Credit-Linked Deposit Loans” as defined in the Existing First Priority Agreement. “Designated Cash Management Obligations” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any ...
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.