Examples of Pari Passu Lien Debt in a sentence
For purposes of this definition, (a) Pari Passu Lien Debt registered in the name of, or beneficially owned by, the Issuer or any Affiliate of the Issuer will be deemed not to be outstanding and neither the Issuer nor any Affiliate of the Issuer will be entitled to vote such Pari Passu Lien Debt and (b) votes will be determined in accordance with the Collateral Trust Agreement.
For the avoidance of doubt, (i) Secured Hedging Obligations do not constitute Pari Passu Lien Debt but may constitute Pari Passu Lien Obligations and (ii) Equipment Lease Obligations and Commercial Building Lender Obligations do not constitute Pari Passu Lien Debt.
U.S.S.G. § 2G1.3(a)(4) establishes a base offense level of 24 for the offense.
Upon the request of the Borrower, the Administrative Agent will execute and deliver a First Lien Intercreditor Agreement with one or more Senior Representatives for Pari Passu Lien Debt permitted hereunder.
For the avoidance of doubt, the Notes rank pari passu with the existing and future indebtedness outstanding under the Credit Agreement and Other Pari Passu Lien Debt.