Other Pari Passu Obligations definition

Other Pari Passu Obligations means other Indebtedness of the Company or the Restricted Subsidiaries that is equally and ratably secured with the Pari Passu Obligations as permitted by this Agreement and is designated by the Administrative Borrower as an Other Pari Passu Obligation.
Other Pari Passu Obligations means any Additional Notes and any other Indebtedness that is pari passu in right of payment with the Securities.
Other Pari Passu Obligations means any Indebtedness (i) ranking pari passu in right of payment with the Notes and (ii) not secured by any Lien on the Collateral that ranks senior in priority to any Lien on the Collateral held by the Collateral Agent for the benefit of the Second Lien Creditors.

Examples of Other Pari Passu Obligations in a sentence

  • The Collateral Agent agrees that upon the satisfaction of all conditions set forth in the preceding sentence, the Collateral Agent shall act as collateral agent under and subject to the terms of this Agreement and the Intercreditor Agreement for the benefit of all Secured Parties, including without limitation, any Secured Parties that hold any such Other Pari Passu Obligations.

  • Upon the satisfaction of the conditions set forth in this Section 5.01, such Other Pari Passu Obligations shall become Obligations hereunder with the same force and effect as if originally included in the Obligations hereunder.


More Definitions of Other Pari Passu Obligations

Other Pari Passu Obligations means obligations with respect to other Indebtedness of the Pledgors permitted to be incurred under the Indenture which is by its terms intended to be secured equally and ratably with the Notes and is designated by the Issuer as an Other Pari Passu Obligation pursuant to Section 5.01.
Other Pari Passu Obligations means all Obligations with respect to any Indebtedness of the Issuer and the Guarantors (other than the Note Obligations) that is equally and ratably secured on a second-priority basis by the Collateral with the Notes, and is permitted to be incurred and so secured under the Pari Passu Documents and the Intercreditor Agreements.
Other Pari Passu Obligations means, as at any date, the aggregate outstanding amount of all net obligations of any Obligor owing on such date to any Lender, the Arranger, or any Affiliate of any Lender or the Arranger in respect of any Hedging Agreement to the extent that such obligations are secured pursuant to the Security Documents.
Other Pari Passu Obligations means all Obligations with respect to any Indebtedness of the Issuer and the Guarantors (other than the Note Obligations) that that are secured by Liens ranking pari passu in priority with those securing the Note Obligations, including (i) Indebtedness and related Obligations under the EIB Facility, the Existing First-Priority Secured Notes, and the Existing Term Loan Facility, and (ii) other Indebtedness and related Obligations permitted under the Note Documents to be incurred and be secured by Liens ranking pari passu in priority with those securing the Note Obligations.
Other Pari Passu Obligations means other Indebtedness of the Issuer and the Restricted Subsidiaries that is equally and ratably secured with the Securities and is designated by the Company as “Future Second Lien Indebtedness” under and as defined in the Secured Notes Intercreditor Agreement.
Other Pari Passu Obligations means all amounts owing to any Other Pari Passu Secured Party (including any Term Secured Party) pursuant to the terms of any Other Pari Passu Document (including the Term Documents), including, without limitation, all amounts in respect of any principal, interest (including without limitation any Post-Petition Interest), premium (if any), penalties, fees, expenses (including, without limitation, fees, expenses and disbursements of agents, professional advisors and legal counsel), indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts, in each case whether or not allowed or allowable in an Insolvency or Liquidation Proceeding. Other Pari Passu Obligations shall include any Registered Equivalent Notes and guarantees thereof by the Grantors issued in exchange therefor.
Other Pari Passu Obligations means Indebtedness of the Borrowers or the Borrower Subsidiary Guarantors that is equally and ratably secured with the other Pari Passu Obligations (subject to the Intercreditor Agreement) as permitted by the Pari Passu Documents and is designated by the Borrower as an "Other Pari Passu Obligation" pursuant to the Intercreditor Agreement; provided that the trustee, agent or representative of the holders or lenders of such Indebtedness shall have become a party to the Intercreditor Agreement (either directly or by joinder thereto) on behalf of such holders or lenders.