Permitted Subordinate Debt Documents definition

Permitted Subordinate Debt Documents means, collectively, subordinated notes, all guarantees of any such notes, the indentures for each series or issue of any such notes and all other agreements, documents or instruments executed and delivered by any Group Member in connection with, or pursuant to, the issuance of Permitted Subordinate Debt, in each case as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced in whole or in part from time to time, in compliance with the terms of this Agreement.
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Permitted Subordinate Debt Documents means, collectively, senior subordinated notes, all guarantees of any such notes, the indentures for each series or issue of any such notes and all other agreements, documents or instruments executed and delivered by any Credit Party in connection with, or pursuant to, the issuance of Permitted Subordinate Debt. Permitted Subordinate Debt Documents expressly include Encore Permitted Subordinate Debt Documents.
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Permitted Subordinate Debt Documents contained in Section 1.1 of the Credit Agreement shall be amended and restated to read in full as follows:
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Examples of Permitted Subordinate Debt Documents in a sentence

  • Borrower will promptly upon the issuance or incurrence of any Permitted Subordinate Debt or Permitted Senior Debt provide to Administrative Agent a true, correct and complete copy of all material Permitted Subordinate Debt Documents or Permitted Senior Debt Documents, as applicable, executed and delivered in connection with, governing and/or evidencing such Permitted Subordinate Debt or Permitted Senior Debt, as applicable.

  • Without limiting the foregoing, no Credit Party is a party to or bound by any agreement (other than the Loan Papers and the Permitted Subordinate Debt Documents) or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such Credit Party or any Restricted Subsidiary of any Credit Party to make Distributions.

  • The Obligations of Borrower and each other Credit Party under the Loan Papers to which it is a party constitute senior indebtedness and/or specified senior indebtedness, in each case under and as defined in any Permitted Subordinate Debt Documents pursuant to which any Permitted Subordinate Debt has been issued.

  • Borrower will promptly upon the issuance or incurrence of (a) any Additional Permitted Subordinate Debt and/or (b) a refinancing of the Onshore Senior Subordinated Notes in existence as of the Closing Date in accordance with Section 9.2, in each case provide to Administrative Agent a true, correct and complete copy of all material Permitted Subordinate Debt Documents executed and delivered in connection with, governing and/or evidencing such Permitted Subordinate Debt, as applicable.

Related to Permitted Subordinate Debt Documents

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Priority Indebtedness means the sum, without duplication, of all Indebtedness of the Guarantor or any of its Subsidiaries secured by Liens other than Permitted Liens.