Common use of Additional Debt Facilities Clause in Contracts

Additional Debt Facilities. To the extent, but only to the extent, permitted by the provisions of each of the then extant ABL Documents and Term Documents, the Credit Parties may incur or issue and sell one or more series or classes of Term Obligations. Any such additional class or series of Term Obligations (the “Term Class Debt”) may be secured by (i) a junior priority, subordinated Lien on ABL Priority Collateral, (ii) a Lien on Term Priority Collateral that is pari passu with, or junior in priority to, the Lien securing the then outstanding First Lien Term Obligations and (iii) a Lien on Term Priority Collateral that is senior to, pari passu with, or junior in priority to, the Lien securing the then outstanding Second Lien Term Obligations, in each case under and pursuant to the relevant Term Collateral Documents for such Term Class Debt, if and subject to the condition that the representative or agent of any such Term Class Debt (each, a “Term Class Debt Representative”), acting on behalf of the holders of such Term Class Debt (such representative or agent and holders in respect of any Term Class Debt being referred to as the “Term Class Debt Parties”), becomes a party to this Agreement by satisfying conditions (a) through (c), as applicable of this Section 7.20. In order for a Term Class Debt Representative to become a party to this Agreement:

Additional Debt Facilities. To the extent, but only to the extent, permitted by the provisions of each of the then extant ABL Documents and the Term Documents, the Credit Parties may incur or issue and sell one or more series or classes of Term Obligations. Any such additional class or series of Term Obligations (the “Term Class Debt”) may be secured by (i) a junior priority, subordinated Lien on ABL Priority Collateral, Collateral and (ii) a Lien on Term Priority Collateral that is pari passu with, or junior in priority to, the Lien securing the then outstanding First Lien Term Obligations and (iii) a Lien on Term Priority Collateral that is senior to, pari passu with, or junior in priority to, the Lien securing the then outstanding Second Lien Term Obligations, in each case under and pursuant to the relevant Term Collateral Documents for such Term Class Debt, if and subject to the condition that the representative or agent of any such Term Class Debt (each, a “Term Class Debt Representative”), acting on behalf of the holders of such Term Class Debt (such representative or agent and holders in respect of any Term Class Debt being referred to as the “Term Class Debt Parties”), becomes a party to this Agreement by satisfying conditions (a) through (c), as applicable of this Section 7.20. In order for a Term Class Debt Representative to become a party to this Agreement:

Additional Debt Facilities. To the extent, but only to the extent, permitted by the provisions of each of the then extant ABL Senior Debt Documents and Term Documentsthe Junior Priority Debt Documents and this Agreement, the Credit Parties Borrower may incur or issue and sell one or more series or classes of Term ObligationsJunior Priority Debt. Any such additional class or series of Term Obligations Junior Priority Debt (the “Term Junior Priority Class Debt”) may be secured by (i) a junior priority, subordinated Lien on ABL Priority Shared Collateral, (ii) a Lien on Term Priority Collateral that is pari passu with, or junior in priority to, the Lien securing the then outstanding First Lien Term Obligations and (iii) a Lien on Term Priority Collateral that is senior to, pari passu with, or junior in priority to, the Lien securing the then outstanding Second Lien Term Obligations, in each case under and pursuant to the relevant Term Junior Priority Collateral Documents for such Term Junior Priority Class Debt, if and subject to the condition that the representative or agent Representative of any such Term Junior Priority Class Debt (each, a “Term Junior Priority Class Debt Representative”), acting on behalf of the holders of such Term Junior Priority Class Debt (such representative or agent Representative and holders in respect of any Term Junior Priority Class Debt being referred to as the “Term Junior Priority Class Debt Parties”), becomes a party to this Agreement by satisfying conditions (ai) through (ciii), as applicable of applicable, in this Section 7.208.08. In order for a Term Junior Priority Class Debt Representative to become a party to this Agreement:

Additional Debt Facilities. (a) To the extent, but only to the extent, permitted by the provisions of each of the then extant ABL Senior Priority Debt Documents and Term Documentsthe Junior Priority Debt Documents then in effect, the Credit Parties Borrower or any other Grantor may incur or issue and sell Incur one or more series or classes of Term ObligationsAdditional Junior Priority Debt. Any such additional class or series of Term Obligations Additional Junior Priority Debt (the “Term "Junior Priority Class Debt”") may be secured by (i) a junior priority, subordinated Junior Priority Lien on ABL Priority Shared Collateral, (ii) a Lien on Term Priority Collateral that is pari passu with, or junior in priority to, the Lien securing the then outstanding First Lien Term Obligations and (iii) a Lien on Term Priority Collateral that is senior to, pari passu with, or junior in priority to, the Lien securing the then outstanding Second Lien Term Obligations, in each case under and pursuant to the relevant Term Junior Priority Collateral Documents for such Term Junior Priority Class Debt, if and subject to the condition that the representative or agent Representative of any such Term Junior Priority Class Debt (each, a “Term "Junior Priority Class Debt Representative”"), acting on behalf of the holders of such Term Junior Priority Class Debt (such representative or agent Representative and holders in respect of any Term Junior Priority Class Debt being referred to as the “Term "Junior Priority Class Debt Parties”"), becomes a party to this Agreement by satisfying conditions (ai) through (ciii), as applicable applicable, of this the immediately succeeding paragraph, and Section 7.208.09(b). In order for a Term Junior Priority Class Debt Representative to become a party to this Agreement: