Term Description. Additional Indebtedness So long as the Second Lien Facility remains outstanding, 1L/2L Intercreditor Agreement will not permit designation of any additional Senior Priority Obligations (other than in connection with a permitted refinancing of the Senior Priority Obligations) or additional Second Priority Obligations.
Appears in 2 contracts
Sources: Exchange Agreement (Lannett Co Inc), Exchange Agreement (Lannett Co Inc)