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 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.

Examples of Additional Parity Debt in a sentence

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 Company shall have caused the Agreement to constitute an "Additional Parity Debt Agreement" and the Notes to constitute "Additional Parity Debt" all under the Intercreditor Agreement.
Upon the sale of any asset constituting Collateral, pursuant to Section 6G or Section 6L of the Note Purchase Agreement, Section 7B.12 of the Credit Agreement and the parallel provision of any Additional Parity Debt Agreement, the Collateral Agent shall promptly take such action as shall be requested by the Company to procure the release of the Lien hereunder with respect to such Collateral.
Designation of Agreement as Additional Parity Debt Agreement...................................10 Section 3I.
The Issuer and the Guarantors shall be required to take perfection steps to secure the Notes, the Guarantees and any Permitted Additional Parity Debt with respect to Vehicles to the extent pledged to secure the First Lien Obligations.

More Definitions of Additional Parity Debt

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.

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 Pledged Revenues that are in parity with the lien on the Pledged Revenues securing the payment of the Existing Indebtedness and the Series 2022 Note.

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 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 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 both

Additional Parity Debt means additional debt incurred by the Issuer secured by the Tourist Development Tax Revenues pursuant to Section 5.04 hereof.