First Lien Debt Obligations definition
Examples of First Lien Debt Obligations in a sentence
Schedule 8.21 sets forth a list of all Indebtedness of the Credit Parties and their respective Subsidiaries as of the Effective Date and which is to remain outstanding after giving effect to the Transaction (excluding (a) the Obligations, (b) the First Lien Debt Obligations, (c) the Second Lien Notes and (d) the New Notes) (all such non-excluded Indebtedness, “Existing Indebtedness”), in each case showing the aggregate principal amount thereof and the name of the respective borrower and guarantors thereof.
FIRST LIEN OBLIGATIONS The Credit Agreement Obligations and the Additional First Lien Debt Obligations described above.
For the purpose of this Agreement and each other Security Document, the term "Class" shall mean each class of Secured Creditors, i.e., whether (w) the Lender Creditors as holders of the Credit Document Obligations, (x) the Other Creditors as the holders of the Other Obligations, (y) the Additional First Lien Creditors as holders of Additional First Lien Debt Obligations and (z) the Second Lien Creditors as holders of the Second Lien Obligations.
The Liens securing the Credit Agreement Obligations and the Liens securing the Additional First Lien Debt Obligations shall be of equal priority.
PRIORITY OF LIENS: The Liens securing the Credit Agreement Obligations and the Liens securing the Additional First Lien Debt Obligations shall be of equal priority.
The Credit Agreement Obligations and the Additional First Lien Debt Obligations described above.
Neither party will assign this Agreement, in whole or in part, voluntarily or involuntarily (including a transfer to a receiver or bankruptcy estate), without the prior written consent of the other party; provided, however, that upon written notice to the Company, Investor’s rights under this agreement shall be assignable, in whole or in part, to the members of Investor (each, a “Member”) pro rata in proportion to their membership percentages.