Initial Second Priority Debt definition

Initial Second Priority Debt means the Second Priority Debt incurred pursuant to the Initial Second Priority Debt Documents.
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Initial Second Priority Debt means the Indebtedness of the Borrower issued pursuant to Section 7.01(i) (including the Guarantees of such Indebtedness provided by any Guarantor thereunder). Initial Second Priority Debt will include any Registered Equivalent Notes issued in exchange therefor.
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Initial Second Priority Debt means the Indebtedness of the Company and any other Grantor incurred pursuant to the Initial Second Priority Debt Documents.
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Examples of Initial Second Priority Debt in a sentence

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

  • All sub-tier Plating, and any Molex required suppliers shall be on the Molex AVL.

  • The Designated Second Priority Representative, in its capacity as the Initial Second Priority Representative, represents and warrants that it is authorized to execute this Agreement on behalf of the Initial Second Priority Debt Parties.

  • It also shall contain an introductory statement describing the purpose of the change(s).

  • The Notes issued on the date hereof shall in any event constitute Initial Second Priority Debt.


More Definitions of Initial Second Priority Debt

Initial Second Priority Debt means any Indebtedness that is issued, incurred or guaranteed by any Borrower and/or any Grantor, under the Indenture, the Notes (as defined in the Indenture) and the Security Documents (as defined in the Indenture), and all obligations thereunder (including obligations to pay principal, interest, charges, expenses, fees, attorneys costs, indemnities and other amounts payable by a Grantor thereunder under (including interest, fees and other amounts, if any, that accrue thereunder after the commencement by or against any Borrower or any other Grantor of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees and other amounts, if any, are allowed claims in such proceeding)); provided, however, that such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each then extant Senior Debt Document and Second Priority Debt Document. The Notes issued on the date hereof shall in any event constitute Initial Second Priority Debt.
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Related to Initial Second Priority Debt

  • Second Priority Debt means any Indebtedness of the Borrower or any other Grantor guaranteed by the Guarantors (and not guaranteed by any Subsidiary that is not a Guarantor), including the Initial Second Priority Debt, which Indebtedness and guarantees are secured by the Second Priority Collateral on a pari passu basis (but without regard to control of remedies, other than as provided by the terms of the applicable Second Priority Debt Documents) with any other Second Priority Debt Obligations and the applicable Second Priority Debt Documents which provide that such Indebtedness and guarantees are to be secured by such Second Priority Collateral on a subordinate basis to the Senior Debt Obligations (and which is not secured by Liens on any assets of the Borrower or any other Grantor other than the Second Priority Collateral or which are not included in the Senior Collateral); 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) except in the case of the Initial Second Priority Debt hereunder, the Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof. Second Priority Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Guarantors issued in exchange therefor.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority 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 Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.

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

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • Second Priority Lien means the Liens on the Second Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents.

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

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.