Superpriority Debt definition

Superpriority Debt means up to $50 million of First Lien Debt with payment priority pursuant to the Collateral Agency Agreement Incurred pursuant to clause (4) of Section 4.09(b).
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Superpriority Debt means up to $50 million of First Lien Debt with payment priority pursuant to the Collateral Agency Agreement.
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Superpriority Debt means, on any date, Consolidated Debt of the Issuer and its Subsidiaries on such date after deducting, without duplication, the amount of any Indebtedness otherwise included in Consolidated Debt of the Issuer and its Subsidiaries consisting of (i) unsecured Indebtedness of the Issuer (which, for the avoidance of doubt, shall not include Indebtedness of Subsidiaries of the Issuer) that is not Guaranteed by any Subsidiary of the Issuer, (ii) unsecured Indebtedness of (x) the Issuer (which, for the avoidance of doubt, shall not include Indebtedness of Subsidiaries of the Issuer) and (y) the Lumen Guarantors, (iii) unsecured Indebtedness of the QC Guarantors that is subordinated in right of payment to the Note Obligations, (iv) the aggregate outstanding principal amount of the Qwest Unsecured Notes (7.250%) and (v) Junior Lien Obligations of (x) the Issuer (which, for the avoidance of doubt, shall not include Indebtedness of Subsidiaries of the Issuer) and (y) the Lumen Guarantors.
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Examples of Superpriority Debt in a sentence

  • The parties hereto acknowledge and agree that it is their intention that the First Lien Collateral and the Junior Lien Collateral be identical (other than Liens on any assets listed under clause (iii), (iv)(C) or (viii) in the definition of “Excluded Property” securing any Superpriority Debt permitted under the First Lien Indenture, each as provided in Section 2.03(b)).


More Definitions of Superpriority Debt

Superpriority Debt means up to $25 million of First Lien Debt with payment priority pursuant to the Collateral Agency Agreement Incurred pursuant to clause (3)(b) of Section 4.09(b).
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Related to Superpriority Debt

  • Priority Debt means, at any time, without duplication, the sum of (i) Indebtedness or other liabilities or obligations of the Company or any Subsidiaries secured by Liens (other than Liens permitted under clauses (a) through (h) of Section 10.2 and any Equal and Ratable Liens), plus (ii) Indebtedness of Subsidiaries of the Company other than Indebtedness permitted under clauses (a) through (h) of Section 10.1.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • 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.

  • Parity Debt means Recovery Obligations and Bonds or Notes payable from the Recovery and Parity Debt Account on a parity with the Recovery Bonds or Recovery Notes, respectively.

  • First Lien Debt means the Initial First Lien Debt and any Additional First Lien Debt.

  • DIP Financing shall have the meaning set forth in Section 6.1(a).

  • DIP means debtor-in-possession.