Common use of Net Senior Secured Debt Clause in Contracts

Net Senior Secured Debt. provide that the new definition of Net Senior Secured Debt to be incorporated as defined in accordance with recent Liberty precedent shall also exclude any debt that is second lien ranking or is contractually subordinated to the rights of the Lenders under the Facilities in accordance with the terms of paragraph 26 of Schedule 5 (Further Amendments, Waivers, Consents and Other Modifications).

Net Senior Secured Debt. provide that the new definition of Net Senior Secured Debt to be incorporated as defined in accordance with recent Liberty precedent shall also exclude any debt that is second lien ranking or is contractually subordinated to the rights of the Lenders under the Facilities in accordance with the terms of paragraph 26 of Schedule 5 6 (Further Amendments, Waivers, Consents and Other Modifications).