Pari Passu Secured Obligations means “Pari Passu Secured Obligations” as defined in the Intercreditor Agreement.
Pari Passu Secured Obligations means Other Collateral Secured Obligations for which the Lien securing such Other Collateral Secured Obligations ranks on a parity basis to the Lien securing the Obligations under the Notes, the Note Guarantees and this Indenture.
Pari Passu Secured Obligations means, subject to the terms and conditions in the Pari Passu Intercreditor Agreement, (i) all Obligations under this Indenture and the Notes and (ii) all Pari Passu Notes Lien Indebtedness.
Examples of Pari Passu Secured Obligations in a sentence
A resolution of the Board of Directors of the Company expressed to be irrevocable direct- ing the application of Trust Monies under this Section 12.06 to the payment of the principal of, premium and interest on the Securities and any other Pari Passu Secured Obligations shall for all purposes of this Indenture be deemed the equivalent of the deposit of money with the Collateral Agent in trust for such purpose.
It further states that the 2019-2020 school year does not create a new starting point for such determinations that are based on multiple years of state report card ratings.5Background – H.B. 197H.B. 197 prohibits the Department from publishing and issuing ratings for overall grades, components, and individual measures on the state report cards for any school districts or schools for the 2019-2020 school year.
If the Collateral Agent resigns or is removed or if a vacancy exists in the office of Collateral Agent for any reason, the Issuers shall promptly appoint a successor Collateral Agent which complies with the eligibility requirements contained in this Indenture and each indenture, credit agree- ment or other agreements which any other Pari Passu Secured Obligations (other than Additional Securi- ties) are incurred.
Timer must have the ability to time from both the beginning of the Walk phase and from the beginning of the Flashing Don’t Walk phase.
More Definitions of Pari Passu Secured Obligations
Pari Passu Secured Obligations means (i) the obligations under the Notes and this Indenture, (ii) any Indebtedness incurred pursuant to a Credit Facility pursuant to clause (3)(ii) of Section 4.08(b), and (iii) any Permitted Refinancing Indebtedness that refinances all or any portion of the Notes.
Pari Passu Secured Obligations means (a) all obligations of the Grantors from time to time arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including interest accruing (and interest that would have accrued but for such proceeding) during the pendency of any Insolvency or Liquidation Proceeding, regardless of whether allowed or allowable in such proceeding) on the loans and other Indebtedness under the Term Loan Credit Agreement and the other Pari Passu Loan Documents, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Grantors under the Term Loan Credit Agreement or any other Pari Passu Loan Document in respect of any letter of credit (including any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support), when and as due, including payments in respect of reimbursement obligations with respect to drawings under letter of credit, interest thereon and obligations to provide cash collateral with respect to letters of credit issued under the Pari Passu Loan Documents and (iii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any Insolvency or Liquidation Proceeding, regardless of whether allowed or allowable in such proceeding), of the Grantors under the Term Loan Agreement or any other Pari Passu Loan Document, (b) the due and punctual performance of all covenants, agreements, obligations and liabilities of the Grantors under or pursuant to the Term Loan Agreement and the other Pari Passu Loan Document and (c) the due and punctual payment and performance of all obligations the Grantors under each Hedging Agreement entered into by any Grantor with any Secured Hedge Provider. “Pari Passu Secured Obligations” shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Pari Passu Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. 844805.3D-Chicago Server 2A - MSW
Pari Passu Secured Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Pari Passu Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.
Pari Passu Secured Obligations means the sum at any time of (x) the Revolving Exposures of all Lenders at such time, (y) the Availability at such time and (z) the aggregate principal amount of Pari Passu Secured Term Debt at such time (after giving effect to any proposed incurrence of Pari Passu Secured Term Debt at such time).
Pari Passu Secured Obligations means Othee Collateeal Secueed Obligations foe which the Lien secueing such Othee Collateeal Secueed Obligations eanks on a paeity basis to the Lien secueing the Obligations undee the Notes, the Note Guaeantees and this Indentuee.
Pari Passu Secured Obligations means any obligations of the Borrower incurred under or in connection with any Pari Passu Loan Agreement, including all such amounts that would be owed by the Borrower but for the fact that collection or receipt of such amounts is unenforceable or not allowed due to a pending proceeding by or against the Borrower under any Insolvency Law.
Pari Passu Secured Obligations means Other Collateral Secured Obligations which is intended by its terms to be secured on a pari passu basis with the Liens securing the Notes Obligations and the Indenture and the other First Lien Obligations; provided such Lien is permitted to be incurred under the Indenture, the Credit Agreement and the documents governing any other Pari Passu Secured Obligations then outstanding, such Indebtedness has a stated maturity that is no earlier than the stated maturity of the Notes and the agent or other representative for such Pari Passu Secured Obligations, on behalf of the holders of such Pari Passu Secured Obligations, is, or has pursuant to a joinder, amendment or supplement thereto become, bound by the terms of the Intercreditor Agreement.