Common use of Designation of Senior Debt Clause in Contracts

Designation of Senior Debt. Designate any Indebtedness (other than the Obligations and any Permitted First Priority Refinancing Indebtedness) of any Loan Party as “Designated Senior Indebtedness” (or any similar term) under, and as defined in, any subordinated Indebtedness (excluding intercompany subordinated Indebtedness) and documents evidencing or governing any such subordinated Indebtedness.

Appears in 3 contracts

Samples: Credit Agreement (Kbr, Inc.), Syndicated Facility Agreement (Kbr, Inc.), Credit Agreement (Kbr, Inc.)

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Designation of Senior Debt. Designate any Indebtedness (other than the Obligations and any Permitted First Priority Refinancing Indebtedness) of any Loan Party as "Designated Senior Indebtedness" (or any similar term) under, and as defined in, any subordinated Indebtedness (excluding intercompany subordinated Indebtedness) and documents evidencing or governing any such subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Kbr, Inc.)

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Designation of Senior Debt. Designate any Indebtedness (other than the Obligations and any Permitted First Priority Refinancing IndebtednessIndebtedness under the Loan Documents) of any Loan Party or any of its Subsidiaries as “Designated Senior IndebtednessCredit Facility Debt” (or any similar term) or designate any other credit facility (other than the credit facility under the Loan Documents) of any Loan Party or any of its Subsidiaries as the “Credit Facility” (or any similar term), in each case under, and as defined in, the Indenture or any subordinated Indebtedness (excluding intercompany subordinated Indebtedness) and documents evidencing or governing any such subordinated Indebtednesssupplemental indentures thereto.

Appears in 1 contract

Samples: Credit Agreement (Hancock Fabrics Inc)

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