First Lien Term Obligations. (i) the Term Loan Facility Obligations and (ii) the Additional Obligations, Permitted Debt Exchange Notes, Rollover Indebtedness and refinancing Indebtedness in respect of the Indebtedness described in this clause (ii) (other than any such Additional Obligations, Permitted Debt Exchange Notes, Rollover Indebtedness and refinancing Indebtedness that are unsecured or secured by a Lien ranking junior to the Lien securing the Term Loan Facility Obligations) secured by a first priority security interest in the Term Loan Priority Collateral and a second priority security interest in the ABL Priority Collateral, collectively.
First Lien Term Obligations means (i) any and all obligations of every nature of each Term Credit Party from time to time owed to the First Lien Term Secured Parties, or any of them, under, in connection with, or evidenced or secured by any First Lien Term Document, including, without limitation, all “Obligations” (as defined in the First Lien Term Credit Agreement) or similar term, and whether for principal, interest, fees, expenses (including interest, fees, or expenses which, but for the filing of a petition in bankruptcy with respect to such Term Credit Party, would have accrued on any First Lien Term Obligation, whether or not a claim is allowed against such Term Credit Party for such interest, fees, or expenses in the related bankruptcy proceeding), payments for early termination of Term Secured Hedging Obligations, indemnification or otherwise, and all other amounts owing or due from any Term Credit Party under the terms of any First Lien Term Document, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time (the “First Lien Term Credit Agreement Obligations”) and (ii) all Other First Lien Term Obligations.
First Lien Term Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.
Examples of First Lien Term Obligations in a sentence
Holdings and the Borrower shall, and shall cause each Subsidiary to, comply with the requirements of this Section 6.15 with respect to the Obligations hereunder only to the same extent that Holdings, the Borrower and such Subsidiaries are required to comply with provisions analogous to this Section 6.15 with respect to the First Lien Term Obligations in the First Lien Credit Agreement.
Prior to the Discharge of First Lien Term Obligations, the representations made in this Section 5.19(a) with respect to the delivery of any Collateral to the Collateral Agent shall be deemed satisfied by the delivery of such Collateral to the First Lien Collateral Agent or to the Control Agent (as provided in the Intercreditor Agreement).
More Definitions of First Lien Term Obligations
First Lien Term Obligations means all “Secured Obligations,” as defined in the First Lien Term Guarantee and Collateral Agreement (including any such Secured Obligations, including Post-Petition Interest, arising or accruing during the pendency of any Insolvency or Liquidation Proceeding whether or not allowed or allowable in such proceeding), notwithstanding that any such Secured Obligations or claims therefor shall be disallowed, voided or subordinated in any Insolvency or Liquidation Proceeding or under any Bankruptcy Law or other applicable law.
First Lien Term Obligations means all obligations of every nature of each Term Loan Party from time to time owed to the First Lien Term Secured Parties, or any of them, under any First Lien Term Document, including, without limitation, all “Obligations” of each Term Loan Party or similar term as defined in any First Lien Term Document, whether for principal, prepayment premium, interest, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the First Lien Term Documents (including interest, fees, indemnification payments, expense reimbursements and other amounts which, but for the filing of an Insolvency Proceeding with respect to such Term Loan Party, would have accrued on or been payable with respect to any First Lien Term Obligation, whether or not a claim is allowed or allowable against such Term Loan Party for such interest, fees, indemnification payments, expense reimbursements and other amounts in the related Insolvency Proceeding), as the same may be Amended or Refinanced in whole or in part or otherwise modified from time to time in accordance with the terms hereof and thereof.
First Lien Term Obligations means (a) obligations of the Borrower and the other Loan Parties from time to time arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the First Lien Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise, of the Borrower and the other Loan Parties under the First Lien Credit Agreement and the other First Lien Loan Documents and (b) the due and punctual performance of all covenants, agreements, obligations and liabilities of the Borrower and the other Loan Parties under or pursuant to the First Lien Credit Agreement and the other First Lien Loan Documents.
First Lien Term Obligations means (i) the Term Loan Facility Obligations and (ii) Term Loan Refinancing Indebtedness, New Incremental Indebtedness, Permitted Debt Exchange Notes, Rollover Indebtedness and refinancing Indebtedness in respect thereof (other than any such Term Loan Refinancing Indebtedness, New Incremental Indebtedness, Permitted Debt Exchange Notes, Rollover Indebtedness, and refinancing Indebtedness that are unsecured or secured by a Lien ranking junior to the Lien securing the Term Loan Facility Obligations) secured by a first priority security interest in the Term Loan Priority Collateral and a second priority security interest in the ABL Priority Collateral, collectively.
First Lien Term Obligations means all obligations of every nature of each First Lien Term Credit Party from time to time owed to the First Lien Term Agent, the First Lien Term Lenders or any of them, under any First Lien Term Document, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such First Lien Term Credit Party, would have accrued on any First Lien Term Obligation, whether or not a claim is allowed against such First Lien Term Credit Party for such interest in the related bankruptcy proceeding), fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the First Lien Term Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time in accordance with the terms thereof.
First Lien Term Obligations means (x) the Indebtedness permitted to be incurred under the First Lien Term Facility pursuant to Section 4.03(b)(1)(b) and (y) all other Obligations of the Company and its Restricted Subsidiaries under the First Lien Term Facility Documents related to the Indebtedness described in the preceding clause (x).
First Lien Term Obligations. (i) the Term Loan Facility Obligations and (ii) the Additional Obligations, the Permitted Debt Exchange Notes and refinancing Indebtedness in respect of the Indebtedness described in this clause (ii) (other than any such Additional Obligations, Permitted Debt Exchange Notes and refinancing Indebtedness that are unsecured or secured by a Lien ranking junior to the Lien securing the Term Loan Facility Obligations) secured by a first priority interest in the Term Loan Priority Collateral and a second priority interest in the ABL Priority Collateral, collectively.