First Lien Note Obligations definition

First Lien Note Obligations means any and all loans and all other obligations, liabilities and indebtedness of every kind, nature and description, whether existing as of the date of this Agreement or hereafter arising, whether arising before, during or after the commencement of any case with respect to any First Lien Note Credit Party under the Bankruptcy Code or any other Insolvency Proceeding, owing by each First Lien Note Credit Party from time to time to the First Lien Note Agent, the First Lien Trustee, the First Lien Noteholders, any First Lien Note Bank Products Provider, any First Lien Note Hedging Provider or any Management Credit Provider under any First Lien Note Document, whether for principal, interest (including interest and fees which, but for the filing of a petition in bankruptcy with respect to such First Lien Note Credit Party, would have accrued on any First Lien Note Obligation, whether or not a claim is allowed against such First Lien Note Credit Party for such interest and fees in the related bankruptcy proceeding), fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the First Lien Note Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.

First Lien Note Obligations. “Second Priority Obligations” or any other such designations hereunder or under the Intercreditor Agreement, any such designation shall be sufficient if the relevant designation is set forth in writing, signed on behalf of the Issuer by an Officer and delivered to the Trustee, the Collateral Agent, the First Lien Trustee, the collateral agent under the First Lien Notes and the collateral agent under the Credit Agreement. For all purposes of the Intercreditor Agreement, the Issuer hereby designates the Obligations pursuant to the Credit Agreement and First Lien Notes as “First Priority Obligations.”

First Lien Note Obligations means the Obligations of the Company and any other obligor under the First-Lien Notes Indenture or any of the other First-Lien Note Documents, including any Guarantor, to pay principal, premium, if any, and interest (including any interest accruing after the commencement of bankruptcy or insolvency proceedings) when due and payable, and all other amounts due or to become due under or in connection with the First-Lien Notes Indenture, the First-Lien Notes (and the First-Lien Note Guarantee) and the performance of all other Obligations to the trustee and the holders under the First-Lien Notes Indenture and the First-Lien Notes (and the First-Lien Note Guarantee), according to the respective terms thereof.

Examples of First Lien Note Obligations in a sentence

• Purchase Option Each First Lien Noteholder shall have the non-transferable option to purchase their pro rata share (based on their holdings of the First Lien Note Obligations) of 50% of the Preferred PropCo Equity, with such purchases proportionally diluting the Preferred PropCo Equity purchased by the Preferred Backstop Investors (as defined in the Backstop Commitment Agreement to be attached hereto).

• For the avoidance of doubt, this change in the manner in which the PropCo Preferred Equity may be issued shall not adversely affect the First Lien Noteholders’ recoveries under the Plan on account of First Lien Note Obligations.

• No Party has any responsibility for keeping any other Party informed of the financial condition of the Credit Parties or of other circumstances bearing upon the risk of nonpayment of the Term Obligations, the First Lien Note Obligations, the Second Lien Note Obligations or any Additional Obligations, as applicable.

• Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay the Term Obligations, the First Lien Note Obligations, the Second Lien Note Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

• Any Other First Lien Note Obligations (collectively with obligations under the First Lien Notes, the “First Lien Note Obligations”) incurred after the Issue Date will share in the Notes Collateral equally and ratably with the First Lien Notes and may also share in the ABL Collateral equally and ratably with the First Lien Notes.

More Definitions of First Lien Note Obligations

First Lien Note Obligations means all “Note Obligations” (as such term is defined in the First-Lien Note Indenture) of the Company and any other obligor under the First-Lien Note Indenture or any of the other First-Lien Note Documents, including any First-Lien Note Guarantor, to pay principal, premium, if any, and interest (including any interest accruing after the commencement of bankruptcy or insolvency proceedings regardless of whether allowed or allowable in such proceeding) when due and payable, and all other amounts due or to become due under or in connection with the First-Lien Note Documents and the performance of all other Obligations of the Company and the First-Lien Note Guarantors to the Trustee and the holders of the First-Lien Notes under the First-Lien Note Documents, according to the respective terms thereof.

First Lien Note Obligations means all obligations owed to the First Lien Noteholders under the First Lien Notes and the First Lien Note Indenture, as applicable.

First Lien Note Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Issuer or any guarantor of the First Lien Notes arising under the First Lien Note Indenture, the First Lien Notes, the guarantees thereof or the First Lien Collateral Documents (including all principal, premium, interest, penalties, fees, charges, expenses, indemnifications, reimbursement obligations, damages, guarantees and other liabilities or amounts payable or arising thereunder), whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against the issuer of the First Lien Notes or any guarantor thereof of any proceeding in bankruptcy or insolvency law naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.

First Lien Note Obligations means all “Obligations” (as defined in the First Lien Indenture) under the First Lien Indenture and the First Lien Notes.

First Lien Note Obligations means those obligations incurred under the First Lien Notes Indenture.

First Lien Note Obligations means all “Note Obligations” (as such term is defined in the Indenture) of the Issuers and any other obligor under the Indenture or any of the other First-Lien Note Documents, including any First-Lien Note Guarantor, to pay principal, premium, if any, and interest (including any interest accruing after the commencement of bankruptcy or insolvency proceedings regardless of whether allowed or allowable in such proceeding) when due and payable, and all other amounts due or to become due under or in connection with the First-Lien Note Documents and the performance of all other Obligations of the Issuers and the First Lien Note Guarantors to the Trustee and the holders of the First-Lien Notes under First-Lien Note Documents, according to the respective terms thereof.

First Lien Note Obligations the obligations of the Borrower and any other obligor under the First-Lien Note Documents to pay principal, premium, if any, and interest (including any interest accruing after the commencement of bankruptcy or insolvency proceedings) when due and payable, and all other amounts due or to become due under or in connection with the First-Lien Notes Indenture, the First-Lien Notes and the performance of all other obligations to the trustee and the holders under the First-Lien Note Documents, according to the respective terms thereof.