Additional First Lien Obligations. The Issuer may, at any time and from time to time, subject to any limitations contained in the First Lien Credit Documents in effect at such time, designate additional Indebtedness and related obligations that are, or are to be, secured by Liens on any assets of the Issuer or any other Grantor that would, if such Liens were granted, constitute Shared Collateral as “Additional First Lien Obligations” by delivering to the Collateral Agent and each Authorized Representative party hereto at such time an Officers’ Certificate:
Appears in 5 contracts
Samples: Passu Intercreditor Agreement (BMC Stock Holdings, Inc.), Passu Intercreditor Agreement (BMC Stock Holdings, Inc.), Passu Intercreditor Agreement (Builders FirstSource, Inc.)
Additional First Lien Obligations. The Borrower and the Issuer may, at any time and may from time to time, subject to any limitations contained in the First Lien any Secured Credit Documents in effect at such time, incur and designate additional Indebtedness indebtedness and related obligations that are, or are to be, secured by Liens on any assets of the Borrower, the Issuer or any other Grantor of the Grantors that would, if such Liens were granted, constitute Shared Collateral as “Additional First Lien Obligations” Obligations by delivering to the each Collateral Agent and each Authorized Representative party hereto at such time a certificate of an Officers’ CertificateAuthorized Officer of the Borrower:
Appears in 1 contract
Samples: First Lien Intercreditor Agreement (iHeartMedia, Inc.)
