First Priority Documents definition

First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

First Priority Documents means, with respect to any Type of Common Collateral, the Loan Documents governing the related First Priority Obligations.

First Priority Documents means, with respect to (a) any ABL Priority Collateral, the ABL Loan Documents, and (b) any Term Loan Priority Collateral, the Term Loan Documents.

Examples of First Priority Documents in a sentence

• In exercising rights and remedies with respect to the First-Priority Collateral, the First-Priority Collateral Agent (acting on the instructions of the Required First-Priority Secured Parties) may enforce the provisions of the First-Priority Documents and exercise remedies thereunder, all in such order and in such manner as it may determine in the exercise of its sole discretion.

• Nothing in this Agreement is intended to or shall impair the obligations of Holdings, the Issuer or any other Grantor, which are absolute and unconditional, to pay the First-Priority Obligations and the Second-Priority Obligations as and when the same shall become due and payable in accordance with the terms of the First-Priority Documents and the Second-Priority Documents, respectively.

• Except as otherwise provided herein, all payments received by any First-Priority Secured Party may be applied, reversed and reapplied, in whole or in part, to such part of the First-Priority Obligations as the First-Priority Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the First-Priority Documents (including any intercreditor agreement among (or otherwise binding on) the First-Priority Secured Parties as contemplated in Section 8.22).

• Each First-Priority Secured Party, by its acceptance of the benefits of the First-Priority Documents, agrees to be bound by the agreements herein made by it and the First-Priority Representative representing it, on its behalf.

• If none of the Second-Priority Secured Parties timely exercise such right, the First-Priority Secured Parties shall have no further obligations pursuant to this Section 5.10 for such Purchase Event and may take any further actions in their sole discretion in accordance with the First-Priority Documents and this Agreement.

More Definitions of First Priority Documents

First Priority Documents means (a) the Credit Agreement Documents, (b) the Other First-Priority Documents and (c) each agreement, document or instrument providing for or evidencing a First-Priority Hedging Obligation or First-Priority Cash Management Obligation.

First Priority Documents means the Credit Agreement, the Loan Documents, the First Priority Collateral Documents and each of the other agreements, documents and instruments (including each agreement, document or instrument providing for or evidencing a First Priority Hedging Obligation or First Priority Cash Management Obligation) providing for or evidencing any other Obligation under the Credit Agreement or any other First Lien Credit Facility or any Future Other First Lien Obligation, and any other related document or instrument executed or delivered pursuant to any First Priority Document at any time or otherwise evidencing any First Priority Claim.

First Priority Documents means all operative agreements evidencing or governing the First Priority Obligations and the Liens securing such First Priority Obligations.

First Priority Documents means (a) the First Lien Documents, (b) Initial Other First-Priority Documents and (c) any Other First-Priority Documents, in each case, as Refinanced from time to time in accordance with the terms thereof and subject to the terms hereof.

First Priority Documents means, collectively, the First Priority Indenture, the First Priority Securities, the First Priority Collateral Trust Agreement, the First Priority Security Documents, the First Priority Guarantees, First Priority Mortgage, and any other document executed or delivered by any of the Company or any First Priority Guarantor in connection with any of the First Priority Securities or First Priority Obligations (other than the First Priority Registration Rights Agreement), as such documents may be amended, supplemented, or otherwise modified from time to time.

First Priority Documents has the meaning assigned to such term in the Intercreditor Agreement.

First Priority Documents means the Credit Agreement evidencing the Senior Credit Facilities, the First Priority Collateral Agreement and all other agreements or instruments evidencing or creating any security interest or Lien in favor of the First Priority Collateral Agent, each guarantee by any Grantor of any or all of the First Priority Obligations and any First Lien Pari Passu Intercreditor Agreement, as amended from time to time in accordance with their respective terms.