Priority Debt Amount definition

Priority Debt Amount as at any date of determination, the sum (without duplication) of (a) the aggregate principal amount outstanding of Indebtedness of the Borrower and its Subsidiaries secured by a Lien on any asset or property of the Borrower or any Subsidiary plus (b) the aggregate principal amount outstanding of all unsecured Indebtedness of Non-Guarantor Subsidiaries (other than any unsecured Indebtedness owing by any Non-Guarantor Subsidiary to any Loan Party) plus (c) the aggregate principal amount outstanding of purchase money Indebtedness of the Borrower or any of its Subsidiaries to finance the purchase of fixed assets, and renewals, refinancings and extensions thereof; provided that the aggregate principal amount of all Indebtedness that is cash collateralized shall be excluded from the calculation of Priority Debt Amount.
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Priority Debt Amount means, as of any date, that portion of Debt in -------------------- an amount equal to the sum (without duplication) of (a) all Attributable Debt of the Borrowers and their Restricted Subsidiaries as of such date, plus (b) the ---- aggregate principal amount outstanding on such date of all Debt of the Borrowers and their Restricted Subsidiaries secured by Liens (other than Liens permitted by Section 8.03(a) through (g)), plus (c) the aggregate principal amount ---- outstanding on such date of all Debt of Restricted Subsidiaries (exclusive of (x) Debt of any Restricted Subsidiary pursuant to the Guaranty Agreement and the Guaranty Agreement under the Five Year Credit Agreement, (y) to the extent not exceeding in aggregate principal amount for all Restricted Subsidiaries the aggregate original principal amount of the Indenture Notes, Debt of any Restricted Subsidiary pursuant to the Indenture Guarantees, and (z) to the extent not exceeding in aggregate principal amount for all Restricted Subsidiaries the aggregate original principal amount of the Notes, Debt of any Restricted Subsidiary pursuant to the Note Guaranties).
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Priority Debt Amount means, as of any date, an amount equal to the sum (without duplication) of (a) all Attributable Debt of the Borrower and its Restricted Subsidiaries as of such date, plus (b) the aggregate principal ---- amount outstanding on such date of all Debt of the Borrower and its Restricted Subsidiaries secured by Liens (other than Liens permitted by subdivisions (a) through (j) of Section 8.03), plus the aggregate amount of all Permitted Receivables Financing Over-Collateralization Amounts, plus (c) the aggregate principal amount outstanding on such date of all Debt of Restricted Subsidiaries (exclusive of (x) Debt of any Restricted Subsidiary owing to the Borrower or a Predominantly Owned Restricted Subsidiary, (y) Debt of any Restricted Subsidiary pursuant to the Guaranty Agreement and (z) to the extent not exceeding in aggregate principal amount for all Restricted Subsidiaries the aggregate original principal amount of the Notes, Debt of any Restricted Subsidiary pursuant to the Note Guaranties).
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Examples of Priority Debt Amount in a sentence

  • The subordination of Liens (up to the Maximum Priority Debt Amount) by the Collateral Agent, on behalf of itself, the Trustee, and the Noteholders in favor of the Lender herein shall not be deemed to subordinate the Collateral Agent's Liens to the Liens of any other Person.

  • The subordination of Liens (in excess of the Maximum Priority Debt Amount) in favor of the Collateral Agent, for the benefit of itself, the Trustee and the Noteholders herein shall not be deemed to subordinate such Lender's Liens to the Liens of any other Person.

  • The subordination of Liens (up to the Maximum Priority Debt Amount) by the Collateral Agent, on behalf of itself, the Trustee, and the Noteholders in favor of the Senior Agent and the Senior Lenders herein shall not be deemed to subordinate the Collateral Agent’s Liens to the Liens of any other Person.

  • The subordination of Liens (in excess of the Maximum Priority Debt Amount) in favor of the Collateral Agent, for the benefit of itself, the Trustee and the Noteholders herein shall not be deemed to subordinate the Senior Agent’s Liens to the Liens of any other Person.

  • The subordination of Liens (in excess of the Maximum Priority Debt Amount) in favor of the Trustee, for the benefit of itself and the Noteholders, herein shall not be deemed to subordinate the Agent’s Liens to the Liens of any other Person.

  • The subordination of Liens (in excess of the Maximum Priority Debt Amount) and otherwise in the Indenture Priority Collateral in favor of the Collateral Agent, for the benefit of itself, the Trustee and the Noteholders herein shall not be deemed to subordinate such Agent’s Liens to the Liens of any other Person.

  • To the extent the Liens securing the Loan Agreement Secured Obligations are subordinated or pari passu with such DIP Financing, the Collateral Agent, for and on behalf of itself, the Trustee, and the Noteholders, hereby agrees that its Liens in the Collateral shall be subordinated to such DIP Financing (and all obligations relating thereto) up to (but not in excess of) the Maximum Lender Priority Debt Amount upon the terms and conditions specified in this Agreement.

  • The subordination of Liens (in excess of the Maximum Priority Debt Amount) in favor of Subordinated Lienholder herein shall not be deemed to subordinate Agent’s Liens to the Liens of any other Person.

  • The subordination of Liens (up to the Maximum Priority Debt Amount) by Subordinated Lienholder in favor of Agent herein shall not be deemed to subordinate Subordinated Lienholder’s Liens to the Liens of any other Person.

  • The subordination of Liens in the Collateral (up to the Maximum Lender Priority Debt Amount) by the Collateral Agent, on behalf of itself, the Trustee, and the Noteholders in favor of the Lender herein shall not be deemed to subordinate the Collateral Agent's Liens to the Liens of any other Person.


More Definitions of Priority Debt Amount

Priority Debt Amount is defined in 5.1(B).
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