Pari Passu Debt Documents definition
Examples of Pari Passu Debt Documents in a sentence
Furthermore, prior to taking any action under this Agreement or the relevant Pari Passu Debt Documents, as the case may be, the Pari Passu Note Trustee may reasonably request and rely upon an opinion of counsel or opinion of another qualified expert, at the Parent’s expense, as applicable; provided, however, that any such opinions shall be at the expense of the relevant Pari Passu Noteholders, if such actions are on the instructions of the relevant Pari Passu Noteholders.
It is expressly understood and agreed by the Parties that this Agreement is executed and delivered by each Pari Passu Note Trustee not individually or personally but solely in its capacity as a Pari Passu Note Trustee in the exercise of the powers and authority conferred and vested in it under the relevant Pari Passu Debt Documents.
No Debtor shall enter into any Second Lien Finance Documents or incur any Second Lien Liabilities unless such Second Lien Finance Documents (and the incurrence of any financial indebtedness thereunder) are permitted by this Agreement, the Senior Facilities Agreement, any Senior Secured Notes Finance Documents, any Pari Passu Debt Documents and any other Second Lien Finance Documents then outstanding.
This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by any Debtor under the Pari Passu Debt Documents, regardless of any intermediate payment or discharge in whole or in part.
Please protect the integrity of electronic communication devices and services at all times, including logging off or locking systems when not in use or when you are away from the workspace.
The Debtors may make Payments of the Pari Passu Debt at any time in accordance with the Pari Passu Debt Documents subject to any restrictions contained in the Credit Facility Documents or the Senior Secured Notes Documents.
The rights of the Security Agent under this Guarantee may be waived only in writing and specifically, subject to the provisions of the Pari Passu Debt Documents and the documents for the Super Senior Liabilities, on such terms as the Security Agent sees fit.
If a Guarantor receives any benefit, payment or distribution in relation to such rights it shall hold that benefit, payment or distribution to the extent necessary to enable all amounts which may be or become payable to the Finance Parties by the Debtors under or in connection with the Pari Passu Debt Documents to be repaid in full on trust for the Finance Parties and shall promptly pay or transfer the same to the Agent or as the Agent may direct.
Pursuant to Sections 4.11 and 12.07 of the Indenture or any corresponding provisions of any Additional Pari Passu Debt Documents, certain additional Subsidiaries of the Company may be required to enter in this Agreement as Grantors.
For the avoidance of doubt, such obligation shall be discharged pro tanto to the extent of any funds required to be retained (and so retained) in the Proceeds Account pursuant to the terms of the Pari Passu Debt Documents and not in addition to any such funds.