Common use of Senior Indebtedness Clause in Contracts

Senior Indebtedness. The Obligations under the Facilities constitute “senior debt”, “senior indebtedness”, “guarantor senior debt”, “senior secured financing” and “designated senior indebtedness” (or any comparable term) under the documentation for all Indebtedness that is subordinated in right of payment to the Obligations (if applicable).

Appears in 14 contracts

Samples: Credit Agreement (APi Group Corp), Credit Agreement (APi Group Corp), Credit Agreement (Element Solutions Inc)

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Senior Indebtedness. The Obligations under the Facilities constitute “senior debt”, ,” “senior indebtedness,” “designated senior debt”, “guarantor senior debt”, ” or “senior secured financing” and “designated senior indebtedness” (or any comparable term) of each Loan Party under the documentation for all Indebtedness that is subordinated and as defined in right of payment to the Obligations (if applicable)any Junior Financing Documentation.

Appears in 14 contracts

Samples: Credit Agreement (Microsemi Corp), Credit Agreement (On Semiconductor Corp), Credit Agreement (On Semiconductor Corp)

Senior Indebtedness. The Obligations under the Facilities constitute “senior debt”, “senior indebtedness”, “guarantor senior debt”, “senior secured financing” and “designated senior indebtednessSenior Indebtedness” (or any comparable similar term), “Guarantor Senior Debt” (or similar term) and “Designated Senior Indebtedness” (or similar term) of the Borrowers under the documentation for all Indebtedness that is subordinated in right of payment to the Obligations their Subordinated Debt Documents (if applicableany).

Appears in 8 contracts

Samples: Credit Agreement (Restaurant Brands International Inc.), Credit Agreement (Tim Hortons Inc.), Credit Agreement (Restaurant Brands International Inc.)

Senior Indebtedness. The Obligations under the Facilities constitute “senior debt”, “senior indebtedness”, “guarantor senior debt”, “senior secured financingSenior Debt” and “designated senior indebtednessDesignated Senior Debt(or any comparable term) of the Borrower under and as defined in the Senior Subordinated Note Indenture. The obligations of each Guarantor under the documentation for all Indebtedness that is subordinated Guarantee and Collateral Agreement constitute “Senior Debt” of such Guarantor under and as defined in right of payment to the Obligations (if applicable)Senior Subordinated Note Indenture.

Appears in 4 contracts

Samples: Credit Agreement (Itron Inc /Wa/), Credit Agreement (Itron Inc /Wa/), Credit Agreement (Innophos, Inc.)

Senior Indebtedness. The Obligations under the Facilities constitute constitute, and have been designated as, senior debtSenior Indebtedness”, “senior indebtednessDesignated Senior Debt”, “guarantor senior debt”, “senior secured financingDesignated Guarantor Senior Debtand “designated senior indebtedness” (or any comparable equivalent term) , however defined, under and as defined in each document or instrument governing subordinated Indebtedness of the documentation for all Indebtedness that is subordinated in right of payment to the Obligations (if applicable)Company or any Subsidiary.

Appears in 2 contracts

Samples: Assignment and Assumption (Amerisourcebergen Corp), Credit Agreement (Amerisourcebergen Corp)

Senior Indebtedness. The Obligations under the Facilities constitute are senior debtDesignated Senior Debt”, “senior indebtednessSenior Debt”, “guarantor senior debtSenior Indebtedness”, “senior secured financingGuarantor Senior Debtand or designated senior indebtednessSenior Financing” (or any comparable term) under the documentation for all under, and as defined in, any indenture, instrument or document governing any Indebtedness that is of any Loan Party subordinated in right of payment to the Obligations (if applicable).Obligations. 67501104_3

Appears in 1 contract

Samples: Term Loan Agreement (Chicago Bridge & Iron Co N V)

Senior Indebtedness. The Obligations under the Facilities constitute constitute, and have been designated as, senior debtSenior Indebtedness”, “senior indebtednessDesignated Senior Debt”, “guarantor senior debt”, “senior secured financingDesignated Guarantor Senior Debtand “designated senior indebtedness” (or any comparable equivalent term) , however defined, under and as defined in each document or instrument governing subordinated Indebtedness of the documentation for all Indebtedness that is subordinated in right of payment to the Obligations (if applicable)Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Amerisourcebergen Corp)

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Senior Indebtedness. The Obligations under the Facilities constitute “senior debt”, “senior indebtedness”, “guarantor senior debt”, “senior secured financing” and “designated senior indebtedness” (or any comparable term) under the documentation for all Indebtedness that is subordinated in right of payment to the Obligations (if applicable).. 140 |US-DOCS\126402975.16140630557.8|| 4885-9380-9411 v6

Appears in 1 contract

Samples: Credit Agreement (APi Group Corp)

Senior Indebtedness. The Obligations under the Facilities constitute “senior debt”, “senior indebtedness”, “guarantor senior debt”, “senior secured financing” and “designated senior indebtedness” (or any comparable term) under the documentation for all Indebtedness that is subordinated in right of payment to the Obligations (if applicable).. 105

Appears in 1 contract

Samples: Credit Agreement (Element Solutions Inc)

Senior Indebtedness. The Obligations under the Facilities constitute constitute, and have been designated as, senior debtSenior Indebtedness”, “senior indebtednessDesignated Senior Debt”, “guarantor senior debt”, “senior secured financingDesignated Guarantor Senior Debtand “designated senior indebtedness” (or any comparable equivalent term) , however defined, under and as defined in each document or instrument governing subordinated Indebtedness of the documentation for all Indebtedness that is subordinated in right of payment to Parent or the Obligations (if applicable)Borrower.

Appears in 1 contract

Samples: Credit Agreement (Amerisourcebergen Corp)

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