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).
Sample 1Sample 2Sample 3
Superpriority Debt means up to $50 million of First Lien Debt with payment priority pursuant to the Collateral Agency Agreement.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

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).
Sample 1
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
Sample 1

Related to Superpriority Debt

  • DIP Financing Liens has the meaning assigned to such term in Section 2.05(b).

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

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on any asset or property of such Person or its Restricted Subsidiaries that constitutes Collateral.