Initial Second Lien Debt definition

Initial Second Lien Debt means the Indebtedness and guarantees thereof now or hereafter incurred pursuant to the Initial Second Lien Documents.
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Initial Second Lien Debt means the Debt and guarantees incurred pursuant to the Initial Second Lien Debt Documents. Initial Second Lien Debt shall include any Registered Equivalent Notes and guarantees thereof by the Guarantors issued in exchange thereof.
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Initial Second Lien Debt means the Debt incurred by the Borrower on or about the Amendment No. 11 Effective Date under the Second Lien Credit Agreement in an aggregate principal amount not to exceed $125,000,000 (for the avoidance of doubt, without taking into effect any original issue discount).
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Examples of Initial Second Lien Debt in a sentence

  • The Initial Second Lien Representative represents and warrants that this Agreement is binding upon the Initial Second Lien Debt Documents Secured Parties.

  • The Initial Second Collateral Agent represents and warrants that this Agreement is binding upon the Second Lien Claimholders under the Initial Second Lien Debt Agreement.

  • Notwithstanding anything herein or in the Credit Agreement to the contrary, on the Effective Date the Borrower shall apply 100% of the cash proceeds of the Initial Second Lien Debt (as defined in Annex I), net of fees and expenses related thereto, as a prepayment of the outstanding Advances, including such amount necessary to eliminate any Borrowing Base Deficiency resulting as a result of the decrease in the Borrowing Base set forth in this Section 2.

  • Initial Second Lien Debt Agreement and devote of the security agreements and other instruments and documents executed and delivered by the Borrower or search other Grantor for purposes of providing collateral security for thus Second Priority Debt Obligation.

Related to Initial Second Lien Debt

  • Second Lien Debt means the Indebtedness and guarantees thereof now or hereafter incurred pursuant to the Second Lien Loan Documents.

  • Additional Second Lien Obligations means, with respect to any Grantor, any obligations of such Grantor owed to any Additional Second Lien Secured Party (or any of its Affiliates) in respect of the Additional Second Lien Documents.

  • First Lien Debt means the Initial First Lien Debt and any Additional First Lien Debt.

  • Additional Senior Debt Facility means each credit agreement, indenture or other governing agreement with respect to any Additional Senior Debt.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • Additional Senior Debt Documents means, with respect to any series, issue or class of Additional Senior Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Senior Collateral Documents.

  • Additional Senior Debt Obligations means, with respect to any series, issue or class of Additional Senior Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing.

  • Additional Senior Debt means any Indebtedness of the Parent Borrower (other than Indebtedness constituting Credit Agreement Obligations) Guaranteed by the Guarantors (and not Guaranteed by any other Subsidiary) which Indebtedness and Guarantees are secured by the Senior Collateral (or a portion thereof) on a pari passu basis (but without regard to control of remedies) with the Credit Agreement Obligations (and not secured by Liens on any other assets of the Parent Borrower or any Subsidiary); provided, however, that, (i) such Indebtedness is permitted to be incurred, secured and Guaranteed on such basis by each Senior Debt Document and Second Priority Debt Document and (ii) the Representative for the holders of such Indebtedness shall have become party to (A) this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof and (B) the First Lien Intercreditor Agreement pursuant to, and by satisfying the conditions set forth in, Section 5.13 thereof, provided further that, if such Indebtedness will be the initial Additional Senior Debt incurred by the Parent Borrower after the date hereof, then the Guarantors, the Senior Collateral Agent and the Representative for such Indebtedness shall have executed and delivered the First Lien Intercreditor Agreement. Additional Senior Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Guarantors issued in exchange therefor.