Pari Passu Credit Agreement definition

Pari Passu Credit Agreement means any revolving or term bank debt facility that constitutes Pari Passu Lien Debt or is otherwise secured by the First Lien Collateral on a pari passu basis with the Notes, as amended, restated, modified, renewed, extended, refunded or replaced in any manner (whether upon or after maturity, termination or otherwise) or refinanced (including by means of sales of debt securities) in whole or in part from time to time.
Sample 1Sample 2
Pari Passu Credit Agreement means any revolving or term bank debt facility that constitutes Pari Passu Lien Debt (including, as of the date hereof, the 2013 Credit Agreement), as amended, restated, modified, renewed, extended, refunded or replaced in any manner (whether upon or after maturity, termination or otherwise) or refinanced (including by means of sales of debt securities) in whole or in part from time to time.
Sample 1
Pari Passu Credit Agreement means the Credit Agreement dated as of June 1, 2000 among Delphi Financial Group, Inc., the lenders party thereto, Fleet National Bank and First Union National Bank, as co-syndication agents, and Bank of America, N.A., as administrative agent and collateral agent, as the same may be amended or modified from time to time as permitted by this Agreement.
Sample 1

Examples of Pari Passu Credit Agreement in a sentence

  • In order to so designate any such Indebtedness as an Additional Senior Pari Passu Credit Agreement or Additional Junior Pari Passu Credit Agreement, as applicable, such Indebtedness must satisfy: (i) in the case of an Additional Senior Lien Credit Agreement, the requirements of the definition of “Additional Senior Lien Credit Agreement” or (ii) in the case of an Additional Junior Lien Credit Agreement, the related obligations must satisfy the definition of “Additional Junior Lien Credit Agreement”.

  • The Loans to be made with respect to any Notice of Borrowing submitted by the Borrower under this Agreement are and at the time of the incurrence of the Indebtedness evidenced by such Loans will be permitted under the Indenture, the Master Letter of Credit Agreement, the Pari Passu Credit Agreement and the Other Senior Indebtedness and will not be in violation or breach of any term contained therein.

  • The Lenders hereby acknowledge that Bank of America also serves as administrative agent and collateral agent for the lenders under the Pari Passu Credit Agreement, and serves as administrative agent for the lenders under the Master Letter of Credit Agreement.

  • The occurrence of an Event of Default as defined in the Master Letter of Credit Agreement or the Pari Passu Credit Agreement.

  • Master Letter of Credit Agreement; Pari Passu Credit Agreement.....................................................

  • In connection with this opinion, we have examined and relied upon originals and copies of the Purchase Agreement, the Indenture, the Revolving Credit Agreement, the Pari Passu Credit Agreement, the Junior Credit Agreement, the Collateral Documents, the Pari Passu Intercreditor Agreement, the Junior Intercreditor Agreement, the Preliminary Offering Memorandum, Pricing Term Sheet and the final Offering Memorandum (the foregoing, collectively, the “Transaction Documents”).

  • Concurrently with or prior to the Closing Date, the Company and the Guarantors shall have entered into the Revolving Credit Agreement, the Pari Passu Credit Agreement and the Junior Credit Agreement, in each case consistent in all material respects with the terms described in the Time of Sale Information and the Offering Memorandum and the Representative shall have received conformed counterparts thereof.

  • Trust Documents; Master Letter of Credit Agreement; Pari Passu Credit Agreement...................


More Definitions of Pari Passu Credit Agreement

Pari Passu Credit Agreement means the certain Credit Agreement, dated as of February 28, 2023, among the Borrower, Holdings, the lenders party thereto from time to time, and Bank of America, N.A., as the same may be amended, restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced from time to time, in whole or in part, in one or more indentures, credit agreements, or other agreements (in each case with the same or new lenders, noteholders, institutional investors or agents), including any indentures, credit agreements or other agreements that replace, refund, supplement, extend, renew, restate, amend, modify or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any agreement extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder, in each case as and to the extent permitted by this Agreement. “Pari Passu Loan Documents” means collectively, (i) the Pari Passu Credit Agreement and (ii) the security documents, intercreditor agreements, guarantees, joinders and other agreements or instruments executed in connection with the Pari Passu Credit Agreement or such other agreements, in each case, as amended, modified, supplemented, substituted, replaced, restated or refinanced, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the extent permitted by this Agreement. “Participant” has the meaning specified in Section 10.07(d). “Participant Register” has the meaning specified in Section 10.07(m). “Participating Member State” means each state as described in any EMU Legislation. “PATRIOT Act” has the meaning specified in Section 10.22. “Payment Block” has the meaning specified in Section 2.05(b)(ix).
Sample 1
Pari Passu Credit Agreement means that certain Credit Agreement, dated as of November 23, 2020, by and among the Borrower, Holdings, the lenders from time to time party thereto, and the Pari Passu Administrative Agent as administrative agent and collateral agent for the Lenders (as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the Pari Passu Intercreditor Agreement).
Sample 1

Related to Pari Passu Credit Agreement

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Bank Credit Agreement means the Amended and Restated Credit Agreement, dated as of July 11, 2011 by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, rate floors, discounts, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Agent notifies the Parent Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.