Junior Priority Obligations definition
Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.
Junior Priority Obligations the obligations with respect to any Indebtedness having Junior Lien Priority relative to the Obligations; provided that such Lien is permitted to be incurred under this Agreement, and provided further, that the holders of such Indebtedness or their Junior Priority Representative shall become party to a Junior Priority Intercreditor Agreement.
Junior Priority Obligations as defined in the Base Intercreditor Agreement.
Examples of Junior Priority Obligations in a sentence
The Junior Priority Intercreditor Agreement may be entered into and amended from time to time thereafter without the consent of the Lenders to add other parties holding Equal Priority Obligations and/or Junior Priority Obligations permitted to be incurred and secured under this Agreement and the relevant agreements, or their respective representatives.
More Definitions of Junior Priority Obligations
Junior Priority Obligations means any Obligations secured by a Lien on a junior lien basis to the Liens on the Collateral securing the Notes Obligations and subject to the Junior Priority Intercreditor Agreement that are permitted to be incurred and secured by such Liens pursuant to this Indenture.
Junior Priority Obligations means the Obligations in respect of the Existing Junior-Priority Secured Notes (including the Guarantees thereof) and any Additional Junior-Priority Obligations secured by the Collateral on a pari passu basis (but without regard to control of remedies) with any series of Existing Junior-Priority Secured Notes.
Junior Priority Obligations means the Junior Priority Notes and Obligations with respect to other Indebtedness permitted to be Incurred under the Junior Priority Notes Indentures, the ABL Facility Documents, the Existing First Lien Notes Indentures and this Indenture, as applicable, which is by its terms intended to be secured equally and ratably with any series of the Junior Priority Notes or on a basis junior to the Liens securing any series of the Junior Priority Notes or First Priority Lien Obligations; provided such Lien is permitted to be Incurred under the Junior Priority Notes Indentures, the ABL Facility Documents, the Existing First Lien Notes Indentures and this Indenture.
Junior Priority Obligations means the Junior Priority Notes Obligations and the Additional Pari Passu Junior Priority Obligations. “Junior Priority Obligations” shall include all Post-Petition Interest with respect to Junior Priority Documents.
Junior Priority Obligations means the Obligations in respect of the Existing Junior-Priority Secured Notes (including the Guarantees thereof) and any other Obligations (including the Guarantees thereof) Incurred after the Issue Date secured by a Lien on the Collateral that ranks pari passu as to priority (but without regard to control of remedies) with the Lien on such Collateral securing any of the Existing Junior-Priority Secured Notes (or in the event no Existing Junior-Priority Secured Notes are outstanding, secured by a Lien on the Collateral that would have ranked as described above in relation to the Lien securing the Existing Junior-Priority Secured Notes if such notes were outstanding).
Junior Priority Obligations means the Obligations with respect to any Indebtedness permitted to be incurred under this Indenture and having Junior Lien Priority relative to the Secured Notes Obligations; provided, that such Lien is permitted to be incurred under this Indenture, and provided further, that the holders of such indebtedness or their Junior Priority Representative shall become party to a Junior Priority Intercreditor Agreement.
Junior Priority Obligations means all Obligations in respect of [ ] or arising under the Junior Priority Documents, including all fees and expenses of the Junior Priority Representative. To the extent any payment with respect to any Junior Priority Obligation (whether by or on behalf of any Grantor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in whole or in part, or is otherwise set aside or required to be returned or paid to a debtor in possession, any First Priority Secured Party, any receiver or any similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Junior Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.