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 the Senior Debt Documents and the Second Priority Debt Documents, the Borrowers may incur or issue and sell one or more series or classes of Second Priority Debt and one or more series or classes of Additional Senior Debt. Any such additional class or series of Second Priority

Appears in 1 contract

Sources: First Lien/Second Lien Intercreditor Agreement

Additional Debt Facilities. To the extent, but only to the extent, permitted by the provisions of the each then extant Senior Debt Documents Document and the Second Priority Debt DocumentsDocument, the Borrowers Company may incur or issue and sell one or more series or classes of Additional Second Priority Debt and one or more series or classes of Additional Senior Debt. Any such additional class or series of Second Priority, in each case subject to the terms set forth in clauses (a) through (c) below.

Appears in 1 contract

Sources: Transaction Support Agreement (Carvana Co.)