Common use of Junior Financing Documentation Clause in Contracts

Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties under the Loan Documents for any reason shall cease to be (a) “Senior Indebtedness” (or any comparable term) or “Senior Secured Financing” (or any comparable term) under, and as defined in any Specified Junior Financing Documentation and (b) “Second Lien Obligations” (or any comparable term) under, and as defined in, the First Lien/Second Lien Intercreditor Agreement, the Second Lien Intercredior Agreement or the Third Lien Intercreditor Agreement or (ii) the subordination provisions set forth in any Specified Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Specified Junior Financing, if applicable.

Junior Financing Documentation. (i) Any of the Secured Obligations of the Loan Parties under the Loan Documents for any reason shall cease to be (aA) “Senior Debt,” “Senior Indebtedness,” (or any comparable term) “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in in, any Specified Junior Financing Documentation and (bB) “Second First Lien Obligations” (or any comparable term) under, and as defined in, the First Lien/Second Lien Intercreditor Agreement, the Second Lien Intercredior Agreement or the Third Junior Lien Intercreditor Agreement under, and as defined in any Junior Financing Documentation or (ii) the subordination provisions set forth in any Specified Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Specified Junior Financing, if applicable.

Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties under the Loan Documents for any reason shall cease to be (aA) “Senior Debt,” “Senior Indebtedness,” (or any comparable term) “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in in, any Specified Junior Subordinated Financing Documentation and (bB) “Second First Lien Obligations” (or any comparable term) under, and as defined in, the First Lien/Second Lien Intercreditor Agreement, the Second Lien Intercredior Agreement or the Third Junior Lien Intercreditor Agreement under, and as defined in any Junior Financing Documentation or (ii) the lien subordination provisions set forth in any Specified Junior Financing Documentation Intercreditor Agreement shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Specified Junior FinancingFinancing or the ABL Debt, if as applicable.

Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties under the Loan Documents for any reason shall cease to be (aA) “Senior Debt,” “Senior Indebtedness,” (or any comparable term) “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in in, any Specified Junior Financing Documentation and (bB) “Second First Lien Obligations” (or 170 any comparable term) under, and as defined in, the First Lien/Second Lien Intercreditor Agreement, the Second Lien Intercredior Agreement or the Third Junior Lien Intercreditor Agreement under, and as defined in any Junior Financing Documentation or (ii) the subordination provisions set forth in any Specified Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Specified Junior Financing, if applicable.

Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties under the Loan Documents for any reason shall cease to be (a) “Senior Debt,” “Senior Indebtedness,” (or any comparable term) “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in in, any Specified Junior Financing Documentation and (b) “Second First Lien Obligations” (or any comparable term) under, and as defined in, the First Lien/Second Lien Intercreditor Agreement, the Second Lien Intercredior Agreement or the Third Junior Lien Intercreditor Agreement under, and as defined in any Junior Financing Documentation or (ii) the subordination provisions (including any “waterfall” provisions) set forth in any Specified Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Specified Junior Financing, if applicable.; or