Pari Passu Debt Obligations definition

Pari Passu Debt Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, any Grantor arising under any Pari Passu Agreement, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case, that have been designated as Pari Passu Debt Obligations pursuant to and in accordance with the Collateral Agreement and that the Representative in respect thereof has become party to the Intercreditor Agreements.
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Pari Passu Debt Obligations shall have the meaning assigned to such term in the Guarantee and Collateral Agreement.
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Pari Passu Debt Obligations means the Existing Junior-Priority Secured Notes and all advances to, and debts, liabilities, obligations, covenants and duties of, any Grantor arising under any Pari Passu Agreement, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case, that have been designated as Pari Passu Debt Obligations pursuant to and in accordance with the Collateral Agreement and that the Representative in respect thereof has become party to the Collateral Agreement and the Intercreditor Agreements.
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Examples of Pari Passu Debt Obligations in a sentence

  • Upon such delivery, the Collateral Agent shall act hereunder for the benefit of all Secured Parties, including any Secured Parties that hold any Pari Passu Debt Obligations so designated.

  • The limitation provided for in this paragraph (b) shall not be applied to the Bank Loan Obligations or to any Series of Pari Passu Debt Obligations that is not issued pursuant to such a registration statement.

  • Upon such delivery, the Junior-Priority Collateral Agent shall act hereunder for the benefit of all Secured Parties, including any Secured Parties that hold any Pari Passu Debt Obligations so designated.

  • He expressed that wind and solar farms should get tax incentives.

  • PARI PASSU OBLIGATIONS The Credit Agreement Obligations and the Additional Pari Passu Debt Obligations described above (the “Pari Passu Obligations”).


More Definitions of Pari Passu Debt Obligations

Pari Passu Debt Obligations means all obligations of each Credit Party in connection with Debt permitted to be incurred hereunder; provided that such Debt (i) is permitted to be secured on a pari passu basis with the Credit Agreement Obligations, (ii) is subject to the Intercreditor Agreement and (iii) has been designated to the Administrative Agents in writing by the Borrower as being a Pari Passu Debt Obligation for purposes of the Credit Documents, including, for the avoidance of doubt, Debt outstanding under the CHF Notes Indenture (including the CHF Notes).
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Pari Passu Debt Obligations means indebtedness for borrowed money created, issued or incurred by the Borrower or any Restricted Subsidiary which ranks by security pari passu with the Obligations, Pari Passu Hedge Obligations or Security, and in respect of which: (A) written consent of the Majority Lenders acting reasonably has been obtained for such indebtedness; (B) an interlender agreement, satisfactory to the Lenders, has been entered into with the Lenders and the holder of such indebtedness; and (C) without restricting (A) and (B) above, the term in connection therewith is for a term longer than the Credit Facility and the terms of such indebtedness are no more onerous in the aggregate than the terms applicable to the Credit Facility;
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Pari Passu Debt Obligations in the Guarantee and Collateral Agreement and shall include the Initial Additional Obligations.
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Pari Passu Debt Obligations subject to the terms and conditions in this Agreement, (a) all guarantee obligations, fees, expenses and all other obligations under the Pari Passu Debt Documents, including any interest and fees that accrue after commencement of an Insolvency or Liquidation Proceeding in each case whether or not allowed or allowable in an Insolvency or Liquidation Proceeding, (b) all “Guaranteed Obligations” and [“Notes Obligations”] as defined in the applicable Existing Pari Passu Debt Document and (c) all obligations arising with respect to any Pari Passu Debt including the Existing Pari Passu Debt Obligations, any Hedge Agreement Obligations and any Additional Pari Passu Obligations.
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Pari Passu Debt Obligations means (a) the Senior Secured Notes Obligations and (b) the other Obligations owed by the Debtors to the Pari Passu Creditors under the Pari Passu Debt Documents.
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Pari Passu Debt Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, any Grantor arising under any Pari Passu Agreement, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case, that have been designated as Pari Passu Debt Obligations pursuant to and in accordance with Section 7.09(c); provided, however, the term “Pari Passu Debt Obligations” shall not create any guarantee by any Guarantor of (or grant of security interest by any Guarantor to support) any Excluded Swap Obligations of such Guarantor.
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