Additional Junior Obligations definition

Additional Junior Obligations means Additional Obligations that are designated as “Junior Priority Debt” under the Cash Flow Intercreditor Agreement.

Additional Junior Obligations means Indebtedness of the Grantors incurred following the date of this Agreement (together with all obligations in respect of such Indebtedness, including all principal, premium, interest, fees, attorney’s fees, costs, charges, expenses, reimbursement obligations, indemnities, guarantees, and all other amounts payable under or secured by any Additional Junior Obligations Agreement (including, in each case, all Post-Petition Interest accruing on or after the commencement of any Insolvency Proceeding at the rate provided in the relevant Additional Junior Obligations Agreement, whether or not a claim for such Post-Petition Interest is allowed or allowable in any such Insolvency Proceeding)) to the extent (a) such Indebtedness and such obligations in respect of such Indebtedness are permitted by the terms of the ABL Credit Agreement, the Term Credit Agreement, each Additional Pari Passu Obligations Agreement then in effect and each other Additional Junior Obligations Agreement then in effect to be secured by Liens on the Collateral ranking junior in priority to the Term Liens and to the Liens on the Collateral securing Additional Pari Passu Obligations and, with respect to any such Collateral constituting ABL Priority Collateral, junior in priority to the ABL Liens, (b) the Grantors have granted Liens on the Collateral to secure such Indebtedness and such obligations in respect of such Indebtedness on a basis ranking junior in priority to the Term Liens and to the Liens on the Collateral securing any Additional Pari Passu Obligations and, with respect to any such Collateral constituting ABL Priority Collateral, junior in priority to the ABL Liens, and (c) the Additional Junior Obligations Agent shall have entered into the Junior Lien Intercreditor Agreement.

Additional Junior Obligations has the meaning specified in Section 9.1(d).

Examples of Additional Junior Obligations in a sentence

• Solely as among the Term Claimholders and the holders of any Additional Junior Obligations or Pari Passu Obligations, in the event of any conflict between the provisions of this Agreement and the provisions of any Junior Lien Intercreditor Agreement or Pari Passu Intercreditor Agreement, the provisions of the Junior Lien Intercreditor Agreement or the Pari Passu Intercreditor Agreement, as applicable, shall govern and control.

• This Designation is being executed and delivered in order to designate the below described credit agreement, debt facility, indenture and/or commercial paper facility as an [Additional Junior Obligations Agreement]/[Additional Pari Passu Obligations Agreement] entitled to the benefit of and subject to the terms of the ABL Intercreditor Agreement.

• The Revolving Administrative Agent and each Fixed Asset Collateral Agent each represents and warrants to the other that it has been authorized by Revolving Lenders or the holders of Fixed Asset Obligations represented by it, as applicable, under the Revolving Credit Agreement, the Indenture, the Additional Junior Obligations Agreement or the Additional Pari Passu Obligations Agreement, as applicable, to enter into this Agreement and that this Agreement has been duly executed and delivered by it.

More Definitions of Additional Junior Obligations

Additional Junior Obligations has the meaning given to such term in the Intercreditor Agreement.

Additional Junior Obligations shall have the meaning set forth in Section 7.4.