First Priority Notes Obligations definition

First Priority Notes Obligations means all Obligations of the Company and the Guarantors under the Notes and the Collateral Documents.

First Priority Notes Obligations means all Obligations of the Company and the Note Guarantors under or in respect of the Notes, this Indenture and the Collateral Documents.

First Priority Notes Obligations means Obligations in respect of the Notes, this Indenture, the Note Guarantees and the Collateral Documents.

Examples of First Priority Notes Obligations in a sentence

• Subject (where applicable) to the Agreed Guarantee and Security Principles, the First Priority Notes Obligations shall be secured as provided in the First Lien Collateral Documents, which define the terms of the Liens that secure the First Priority Notes Obligations, subject to the terms of the Intercreditor Agreements.

• In determining what liens will be granted (and any limitations on the amount or scope of Guarantees) by Issuers or Guarantors organized outside of the United States (the “Non-U.S. Notes Parties”) to secure the First Priority Notes Obligations (the holders thereof, the “Secured Parties”) the following matters will be taken into account.

• Subject to paragraph (A) above, the obligations to be guaranteed and secured are the First Priority Notes Obligations.

• Each of the parties hereto agree that any and all limitation periods provided for in the Limitations Act, 2002 (Ontario), as amended from time to time, or any other applicable law limiting the time for which an action may be commenced shall be excluded from application to the First Priority Notes Obligations and any undertaking, covenant, indemnity or other agreement of each Grantor hereunder, in each case, to fullest extent permitted by the Limitations Act, 2002 (Ontario) or applicable law.

• Upon such release, subject to the terms of the Collateral Documents, all rights in the released Collateral securing First Priority Notes Obligations shall revert to the Issuer and the Guarantors, as applicable.

More Definitions of First Priority Notes Obligations

First Priority Notes Obligations means, collectively, the unpaid principal of and interest on the Notes Documents and all other obligations and liabilities of the Issuer (including, without limitation, Post-Petition Interest), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with the Notes Documents.

First Priority Notes Obligations means all Obligations of the Issuer and the Guarantors under this Indenture, the Notes and the Collateral Documents.

First Priority Notes Obligations means all unpaid principal of and accrued and unpaid 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 Notes, all accrued and unpaid fees and all expenses, reimbursements, indemnities and all other advances to, debts, liabilities and obligations of the Issuers and the Guarantors to the Holders or any Holder, the Trustee, or any indemnified party arising under the First Lien Notes Documents in respect of any Note, whether direct or indirect (including those acquired by assumption), absolute, contingent, due or to become due, now existing or hereafter arising.

First Priority Notes Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Company or any guarantor thereunder arising under the First Priority Notes Indenture, the First Priority Notes, any additional First Priority Notes issued under the First Priority Notes Indenture, any guarantees thereof, the First Priority Security Documents and the Intercreditor Agreement (including all principal, premium, interest, penalties, fees, charges, 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 Company or any Guarantor 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 Priority Notes Obligations means all Obligations of the Company and the Guaeantoes undee the Notes, this Indentuee, the Note Guaeantees and the Collateeal Documents.

First Priority Notes Obligations means all Obligations of the Company and the Guarantors under the Notes, the Note Guarantees, this Indenture and the Collateral Documents (including interest, fees and expenses accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding).

First Priority Notes Obligations means all Obligations of the Company and the Guarantors under this Indenture, the Notes and the Collateral Documents. “First Priority Notes Secured Parties” means the Trustee, the Collateral Agent and the Holders of the Notes. “First Priority Obligations” means (i) the First Priority Credit Obligations, (ii) all First Priority Notes Obligations and (iii) any and all amounts payable under or in respect of any Future First Lien Debt. “Four Quarter Period” has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio” hereunder. “Future First Lien Debt” means any Debt of the Company and/or the Guarantors that is secured by a lien on the Collateral ranking equally and ratably with the Notes as permitted by this Indenture; provided that (i) the trustee, agent or other authorized representative for the holders of such Debt (other than in the case of Additional Notes) shall execute a joinder to the Intercreditor Agreement and (ii) the Company shall designate such Debt as Additional First Lien Obligations under the Intercreditor Agreement. “Global Notes Legend” means the legend set forth in Section 2.06(f)(ii), which is required to be placed on all Global Notes issued under this Indenture. “Global Notes” means, individually and collectively, each of the Restricted Global Notes and the Unrestricted Global Notes, substantially in the form of Exhibit A hereto, issued in accordance with Sections 2.01, 2.06(b), or 2.06(d). “Grantors” means the Company and the Guarantors. “Guarantee” means, as applied to any Debt of another Person (i) a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner, of any part or all of such Debt, (ii) any direct or indirect obligation, contingent or otherwise, of a Person guaranteeing or having the effect of guaranteeing the Debt of any other Person in any manner, and (iii) an agreement of a Person, direct or indirect, contingent or otherwise, the practical effect of which is to assure in any way the payment (or payment of damages in the event of non-payment) of all or any part of such Debt of another Person (and “Guaranteed” and “Guaranteeing” shall have meanings that correspond to the foregoing).