First Lien Credit Obligations definition
First Lien Credit Obligations means the “Credit Agreement Obligations” referred to in the Intercreditor Agreement.
First Lien Credit Obligations means with respect to each Loan Party, without duplication:
First Lien Credit Obligations shall include (i) all interest accrued or accruing (or that would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) in accordance with the rate specified in the relevant First Lien Loan Document and (ii) all fees, costs and charges incurred in connection with the First Lien Loan Documents and provided for thereunder, in each case whether before or after commencement of an Insolvency or Liquidation Proceeding irrespective of whether any claim for such interest, fees, costs or charges is allowed as a claim in such Insolvency or Liquidation Proceeding.
Examples of First Lien Credit Obligations in a sentence
Notwithstanding the foregoing provisions of this Section 2.4, no optional or mandatory prepayment of the Term Loans shall be made, or required to be made, under this Section 2.4 until the Discharge of First Lien Credit Obligations.
Refinancing of the First Lien Credit Obligations and Second Lien Credit Obligations.
More Definitions of First Lien Credit Obligations
First Lien Credit Obligations means “Senior Credit Obligations” as defined in the First Lien Credit Agreement.