Permitted Second Priority Additional Debt definition
Permitted Second Priority Additional Debt shall have the meaning assigned to such term in the definition of “Permitted Additional Debt”.
Examples of Permitted Second Priority Additional Debt in a sentence
The foregoing provisions are intended as an inducement to the parties providing any Permitted Second Priority Additional Debt to extend credit to the borrowers thereof and such parties are intended third-party beneficiaries of such provisions and the provisions of the Second Lien Intercreditor Agreement.
The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement (other than Liens securing Permitted Second Priority Additional Debt or any Permitted Refinancing thereof).