External Fourth Senior Permitted Debt Document definition

External Fourth Senior Permitted Debt Document means any instrument pursuant to which indebtedness which (i) is secured on the Collateral pursuant to the Security Documents and (ii) under its terms and in accordance with the Intercreditor Arrangements ranks pari passu with Class D Notes, is incurred.

Related to External Fourth Senior Permitted Debt Document

  • Permitted Debt means any Financial Indebtedness:

  • Consolidated First Lien Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on all of the Collateral securing the Obligations.