Common use of Additional Senior Debt Clause in Contracts

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement and the Additional First-Lien Documents, the Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative to become a party to this Agreement,

Appears in 2 contracts

Sources: Second Lien Credit Agreement (Endurance International Group Holdings, Inc.), Credit Agreement (Endurance International Group Holdings, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First-First Lien Documents, the Company Parent Borrower may incur Additional First Lien Obligations. Any such additional indebtedness after the date hereof that is permitted by the Credit Agreement and the class or series of Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-First Lien Obligations (such indebtedness referred to as the Additional Senior Class Debt”). Any such Additional Senior Class Debt ) may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-First Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an a Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (ivv) of the immediately succeeding paragraph. In order for an Additional a Senior Class Debt Representative to become a party to this Agreement,

Appears in 2 contracts

Sources: Credit Agreement (SMART Global Holdings, Inc.), Credit Agreement (SMART Global Holdings, Inc.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement and the Additional First-Lien Documents, the Company Borrower may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-Lien Obligations (such indebtedness being referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf and with the authorization (which may be contained in the applicable Additional First-Lien Documents) of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Sources: Credit Agreement (Weight Watchers International Inc)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant Secured Credit Agreement and the Additional First-Lien Documents, the Company Borrowers may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party to this Agreement as an Authorized Representative by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Sources: Credit Agreement (Par Pharmacuetical, Inc.)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First-Lien Documents, the Company Borrower may incur Incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First-Lien Documents to be incurred Incurred and secured on an equal and ratable basis by the Shared Collateral on a priority basis that is equal to the Liens on the Shared Collateral securing the First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt may be secured by a Lien and may be Guaranteed by on the Grantors Shared Collateral on a senior basisbasis that is equal to the Liens on the Shared Collateral securing the Obligations, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), and, to the extent not already a party hereto, the collateral agent for any such Additional Class Debt, becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative and, if applicable, the collateral agent for any such Additional Class Debt, to become a party to this Agreement,

Appears in 1 contract

Sources: Credit Agreement (MultiPlan Corp)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First-Lien Pari Passu Documents, the Company Borrower or any other Loan Party may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-Lien Pari Passu Obligations. Any such Additional Pari Passu Obligations (such indebtedness referred to as the “Additional Senior Class Debt”). Any such Additional Senior Class Debt ) may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and basis pursuant to the Additional First-Lien Pari Passu Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Sources: Credit Agreement (Costar Group Inc)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Secured Credit Agreement and the Additional First-Lien Documents, the Company Borrower may incur additional indebtedness after the date hereof that is permitted by the Secured Credit Agreement and the Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt may be secured by a Lien and may be Guaranteed guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Sources: Indenture (Chart Industries Inc)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the Credit Agreement and the Additional First-First Lien Documents, the Company Borrower and/or the Co-Issuer may incur Additional First Lien Obligations. Any such additional indebtedness after the date hereof that is permitted by the Credit Agreement and the class or series of Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-First Lien Obligations (such indebtedness referred to as the Additional Senior Class Debt”). Any such Additional Senior Class Debt ) may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-First Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an a Additional Senior Class Debt Representative”), ) acting on behalf of the holders of such Senior Class Debt and the Additional First Lien Collateral Agent of any such Senior Class Debt acting on behalf of the holders of such Senior Class Debt (such Authorized Additional First Lien Collateral Agent together with the Senior Class Debt Representative and the holders in respect of any Additional such Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party become parties to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional a Senior Class Debt Representative and Additional First Lien Collateral Agent to become a party to this Agreement,

Appears in 1 contract

Sources: Credit Agreement (Windstream Parent, Inc.)

Additional Senior Debt. To the extent, but only to the extent, permitted by the provisions of the Credit Agreement Agreements and the Additional First-Lien Pari Debt Documents, the Company Borrower may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement Agreements and the Additional First-Lien Pari Debt Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-Lien Pari Debt Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Pari Debt Documents, if and subject to the condition that the Authorized Representative Additional Pari Debt Agent of any such Additional Senior Class Debt (each, each an “Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized Representative Additional Pari Debt Agent and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), ) becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative to become a party to this Agreement,

Appears in 1 contract

Sources: Amended and Restated Credit Agreement (IASIS Healthcare LLC)

Additional Senior Debt. To the extent, but only to the extent, extent permitted by the provisions of the then extant Secured Credit Agreement and the Additional First-Lien Documents, the Company Borrowers may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First-Lien Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior Class Debt may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First-Lien Documents, if and subject to the condition that the Authorized Representative of any such Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), acting on behalf of the holders of such Additional Senior Class Debt (such Authorized 96064450_3 Representative and holders in respect of any Additional Senior Class Debt being referred to as the “Additional Senior Class Debt Parties”), becomes a party to this Agreement as an Authorized Representative by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding paragraph. In order for an Additional Senior Class Debt Representative to become a party to this AgreementAgreement as an Authorized Representative,

Appears in 1 contract

Sources: Credit Agreement (Bloomin' Brands, Inc.)