First Lien Secured Indebtedness definition
First Lien Secured Indebtedness means the “Indebtedness” as defined in the First Lien Credit Agreement as in effect on the Issue Date.
First Lien Secured Indebtedness means Total Indebtedness that is secured by a first priority Lien on any asset of the Borrower or any of its Subsidiaries (it being understood that any Indebtedness outstanding under this Agreement and any Indebtedness outstanding under the ABL Credit Agreement is First Lien Secured Indebtedness).
First Lien Secured Indebtedness at any time all Permitted First Priority Refinancing Indebtedness of the U.S. Borrower or a U.S. Subsidiary Guarantor then outstanding.
More Definitions of First Lien Secured Indebtedness
First Lien Secured Indebtedness means with respect to any Person, the sum of the aggregate outstand- ing Indebtedness (other than Indebtedness of the type specified in Sections 4.6(b)(iv), (vi), (viii), (xii) and (xiii)) of that Person and its Restricted Subsidiaries that is secured by a First Priority Lien on some or all of the Collateral and Indebtedness of a Restricted Subsidiary of the Parent that is not a Guarantor; provided that, in the case of any In- debtedness that is secured by a First Priority Lien on some or all of the Collateral, an authorized representative of the holders of such Indebtedness shall be a party to or have executed a joinder to the Intercreditor Agreement.
First Lien Secured Indebtedness means senior Indebtedness of the Credit Parties for borrowed money that is secured on a senior basis to the Obligations (but without regard to the control of remedies).