Additional Parity Debt definition

Additional Parity Debt means Indebtedness of the Borrower that both (a) is permitted under Section 7B.2(xiv) hereof or is incurred with the consent of the Requisite Percentage of the Banks and (b) constitutes "Additional Parity Debt" as defined in the Note Purchase Agreement and the Intercreditor Agreement.

Additional Parity Debt means the Additional Notes (as defined in the Senior Secured Notes Indenture), the Tranche 2 Sub-Facility and any additional Secured Indebtedness that is ranked pari passu with the Loans and is permitted to be incurred pursuant to the terms of this Agreement; provided that (i) the representative of such Additional Parity Debt executes a joinder agreement to the Collateral Agency Agreement and, if applicable, to the other Collateral Documents, in each case in the form attached thereto, agreeing to be bound thereby and (ii) the Borrower has designated such Indebtedness as “Additional Parity Debt” hereunder.

Additional Parity Debt means Indebtedness of the Company incurred in accordance with Section 6A and clause (xiii) of Section 6B to fund acquisitions or provide working capital, provided that the covenants imposed on the Company therein or in any agreement or instrument relating thereto are no more restrictive than the covenants imposed on the Company herein, and provided, further, that no such Indebtedness shall be deemed Additional Parity Debt unless immediately before and after giving effect to the incurrence thereof no Default or Event of Default shall have occurred and be continuing.

Examples of Additional Parity Debt in a sentence

• To the extent that the aggregate amount of Loans, Senior Secured Notes and such Additional Parity Debt or Pari Passu Indebtedness, as the case may be, tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Borrower may use any remaining Excess Proceeds for general corporate purposes, subject to other covenants contained in this Agreement.

• Borrower confirms that any setoffs shared under the terms of the Intercreditor Agreement (including without limitation Section 13(c) thereof) with the Note Purchaser of the Private Placement Notes or the holders of any Additional Parity Debt, to the extent of the portions so shared, will not be deemed to pay down the Loan evidenced by the Notes.

• The Asset Sale Offer or Loss Proceeds Offer shall be made to all Lenders and holders of Pari Passu Indebtedness and Additional Parity Debt, to the extent applicable.

• Dr Meshref felt that as an EC, it was impossible to get over this without a serious acknowledgement from DTTB side of what happened.

• To the extent Holders properly tender Notes and holders of Additional Parity Debt properly tender such Additional Parity Debt in an amount exceeding the Net Proceeds Offer Amount, the tendered Notes and Additional Parity Debt will be purchased on a pro rata basis (based on amounts tendered) in an aggregate amount equal to the Net Proceeds Offer Amount (if any).

More Definitions of Additional Parity Debt

Additional Parity Debt means: additional debt or other obligations to be issued or incurred by the Corporation including, without limitation, the issuance or incurrence of any bonds, notes, or other obligations payable from and secured in whole or in part by liens on the

Additional Parity Debt means the Additional Notes and any additional Secured Indebtedness that is secured by a Lien ranking equal with the Lien securing the Notes and is permitted to be incurred pursuant to Section 10.11(a) of this Indenture; provided that (i) the representative of such Additional Parity Debt (other than any Additional Notes) executes a joinder agreement to the Intercreditor Agreement and, if applicable, to the other Security Documents, in the form attached thereto, agreeing to be bound thereby, and delivers the joinder to the Intercreditor Agreement to the First Lien Agent and the Notes Collateral Agent and (ii) the Issuer has designated such Indebtedness as “Additional Parity Debt” thereunder in writing to the First Lien Agent and the Notes Collateral Agent.

Additional Parity Debt means any additional Secured Indebtedness that ranks pari passu with the Loans and is permitted to be incurred pursuant to Section 9.7; provided that (i) the representative of such Additional Parity Debt executes a joinder agreement to the Intercreditor Agreement and, if applicable, to the other Collateral Documents, in each case in the form attached thereto, agreeing to be bound thereby, and delivers the joinder to the Intercreditor Agreement to the ABL Collateral Agent and the Collateral Agent and (ii) Holdings has designated such Indebtedness as “Additional Parity Debt” thereunder in writing to the ABL Collateral Agent and the Collateral Agent.

Additional Parity Debt means the Additional Notes and any additional Secured Indebtedness that is ranked pari passu with the Notes and is permitted to be incurred pursuant to Section 4.09(a) of this Indenture; provided that (i) the representative of such Additional Parity Debt executes a joinder agreement to the Collateral Agency Agreement, the Intercreditor Agreement and, if applicable, to the other Collateral Documents, in each case in the form attached thereto, agreeing to be bound thereby and (ii) the Issuer has designated such Indebtedness as “Additional Parity Debt” thereunder.

Additional Parity Debt means Indebtedness of the Borrower that is incurred with the consent of the Requisite Percentage of the Banks and that constitutes "Additional Parity Debt" as defined in the Note Purchase Agreement and the Intercreditor Agreement.

Additional Parity Debt means Indebtedness of the Borrower that is incurred with the consent of the Requisite Percentage of the Banks and that constitutes "Additional Parity Debt" as defined in the Note Purchase Agreement and the Intercreditor Agreement. 9 "Administrative Agent" means Bank of Boston in its capacity as administrative and structuring agent for the Banks hereunder, as well as its successors and assigns in such capacity pursuant to Section 10.7.

Additional Parity Debt means Indebtedness of the Borrower that both