Pari Passu Lien Debt has the meaning specified in clause (39) of the definition of “Permitted Liens.”
Pari Passu Lien Debt means any Indebtedness that is secured by Liens on Collateral that are pari passu in priority with the Liens on Collateral that secure the Obligations. For the avoidance of doubt, “Pari Passu Lien Debt” includes the Initial Term Loans, the Revolving Loans (if any) and the Revolving Commitments, in each case, as of the Closing Date.
Pari Passu Lien Debt has the meaning specified in Section 7.01(ii).
Examples of Pari Passu Lien Debt in a sentence
Except as otherwise provided herein, the Notes Pari Passu Lien Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Indenture Pari Passu Lien Debt Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.
This Additional Pari Passu Lien Debt Designation is being executed and delivered in order to designate additional secured debt as Pari Passu Lien Debt entitled to the benefit of the Collateral Trust Agreement.
Promptly following the Discharge of Pari Passu Lien Obligations with respect to one or more Series of Pari Passu Lien Debt, each Pari Passu Lien Representative with respect to each applicable Series of Pari Passu Lien Debt that is so discharged will provide written notice of such discharge to the Collateral Trustee and to each other Pari Passu Lien Representative.
Zarate, No. 18-cr-2073-CJW, 2019 WL 4399515, at *28 (N.D. Iowa July 3, 2019), report and recommendation adopted as modified, 2019 WL 3459236 (N.D. Iowa July 31, 2019) (collecting cases to supportthe proposition that the magistrate judge may consider together related affidavits submitted simultaneously); United States v.
The Pari Passu Lien Debt Representative of each future Series of Pari Passu Lien Debt shall be required to deliver a Lien sharing and priority confirmation to the Trustee and the Collateral Agent at the time of incurrence of such Series of Pari Passu Lien Debt.
More Definitions of Pari Passu Lien Debt
Pari Passu Lien Debt means any Indebtedness that is (or is intended by the Company to be) secured by Liens on all or any portion of the Collateral that are pari passu in priority with the Liens on all or any portion of the Collateral that secure the Obligations incurred on the Closing Date. For the avoidance of doubt, “Pari Passu Lien Debt” includes the Notes and excludes (x) obligations that are unsecured or secured (or intended to be secured) by a Lien that is junior in priority to Liens securing Pari Passu Lien Debt and (y) Junior Lien Debt.
Pari Passu Lien Debt means any Indebtedness that is (or is intended by the Borrower to be) secured by Liens on all or any portion of the Collateral that are pari passu in priority with the Liens on all or any portion of the Collateral that secure the Obligations incurred on the Closing Date. For the avoidance of doubt, “Pari Passu Lien Debt” includes the Revolving Loans (if any) and the Revolving Commitments, in each case, as of the Closing Date, and excludes Obligations that are unsecured or secured (or intended to be secured) by a Lien that is junior in priority to Liens securing Pari Passu Lien Debt. A Debt Representative acting on behalf of the holders of Pari Passu Lien Debt shall become party to, or otherwise subject to the provisions of, an Equal Priority Intercreditor Agreement or the Collateral Documents securing the Revolving Loans.
Pari Passu Lien Debt means (1) the Notes issued on the Issue Date commencing on the date on which the Notes are secured by Pari Passu Liens and the 2023 Senior Secured Notes, (2) any Additional Notes and any additional notes issued under the 2023 Senior Secured Notes Indenture, (3) the Indebtedness under the Senior Credit Facilities and (4) any other Funded Debt (including borrowings under any other Pari Passu Lien Documents) that is secured by a Pari Passu Lien and that was permitted to be Incurred and permitted to be so secured under the applicable Pari Passu Lien Documents; provided, that, in the case of this clause (4), (a) on or before such Funded Debt is Incurred such Funded Debt is designated by the Company as “Pari Passu Lien Debt” for the purposes of an officer’s certificate executed and delivered in accordance with the First Lien Intercreditor Agreement, and (b) unless such Funded Debt is Incurred under an existing Pari Passu Lien Document for any Series of Pari Passu Lien Debt whose Authorized Representative is already party to the First Lien Intercreditor Agreement, the Authorized Representative for such Funded Debt executes and delivers a joinder to the First Lien Intercreditor Agreement in respect of and in accordance with the First Lien Intercreditor Agreement. For the avoidance of doubt, Hedging Obligations secured by a Pari Passu Lien do not constitute Pari Passu Lien Debt but may constitute Pari Passu Lien Obligations.
Pari Passu Lien Debt includes the Initial Term Loans as of the Closing Date.
Pari Passu Lien Debt means: (a) any Funded Debt now or hereafter incurred under the Term Loan Credit Agreement; (b)(i) the Obligations under the Bond Financing Agreement and the Series 2020 Note (and amendments or supplements thereto or additional notes delivered in connection with the issuance of any Additional Bonds), the Obligations under the 2019 Bond Financing Agreement and the Series 2019 Note (and amendments or supplements thereto or additional notes delivered in connection with the issuance of any additional Bonds pursuant to the 2019 Indenture) and any Senior Secured Notes issued on August 23, 2017 and any senior secured notes issued under the Notes Indenture (or a supplemental indenture thereto) in exchange for the Senior Secured Notes and (ii) any additional Senior Secured Notes issued under the Notes Indenture (or a supplemental indenture thereto) from time to time and any Senior Secured Notes issued under the Notes Indenture in exchange for such additional senior secured notes; and (c) any other Funded Debt (including, without limitation (x) Funded Debt incurred under any replacement Notes Indenture, (y) Funded Debt incurred under Specified Pari Passu Lien Debt Documents or (z) borrowings under any other Pari Passu Lien Debt Documents) that is secured by a Pari Passu Lien and that was permitted to be incurred and permitted to be so secured under each applicable Pari Passu Lien Debt Document; provided, in the case of any Funded Debt referred to in this clause (c), that: (i) on or before the date on which such Funded Debt is incurred by the Company or by another Grantor, such Funded Debt is designated by the Company as “Pari Passu Lien Debt” for the purposes of the Pari Passu Lien Debt Documents in an Additional Pari Passu Lien Debt Designation executed and delivered in accordance with the Collateral Trust Agreement; (ii) unless such Funded Debt is issued under an existing Pari Passu Lien Debt Document for any Series of Pari Passu Lien Debt whose Pari Passu Lien Debt Representative is already party to the Collateral Trust Agreement, the Pari Passu Lien Debt Representative for such Funded Debt executes and delivers a Collateral Trust Joinder in accordance with the Collateral Trust Agreement; and (iii) all other requirements for the Additional Pari Passu Lien Obligations Debt Designations set forth in the Collateral Trust Agreement have been complied with. For the avoidance of doubt, (i) Secured Hedging Obligations do not constitute Pari Passu Lien Debt but may consti...
Pari Passu Lien Debt has the meaning assigned to that term in the Collateral Trust Agreement.
Pari Passu Lien Debt in Section 1.1 of the Credit Agreement is hereby restated in its entirety to read as follows: