First Priority Indebtedness definition

First Priority Indebtedness means (i) the Obligations of the Obligors under the Credit Documents (including Obligations in respect of Additional First Priority Bank Indebtedness), (ii) the Obligations of the Obligors under the First Priority Notes Documents, (iii) the Obligations of the Obligors under the Bank Related Debt Agreements, and (iv) the Obligations of the Obligors under any Additional First Priority Capital Markets Indebtedness Documents.

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First Priority Indebtedness means Indebtedness constituting First Priority Obligations.

First Priority Indebtedness means (i) the Obligations of Crown Euroco, Canadian Borrower, the Subsidiary Borrowers (as defined in the Credit Agreement) and the Euro Pledgors under the Credit Documents (including Obligations in respect of Additional First Priority Bank Indebtedness), (ii) the Obligations of Crown Euroco and the Euro Pledgors under the First Priority Notes Documents, (iii) the Obligations of Crown Euroco and the Euro Pledgors under the Bank Related Debt Agreements and (iv) the Obligations of any Euro Permitted Issuer and the Euro Pledgors under any Additional First Priority Capital Markets Indebtedness Documents.

Examples of First Priority Indebtedness in a sentence

Each Additional First Priority Capital Markets Indebtedness Representative shall promptly upon the request of the Sharing Agent provide the Sharing Agent with true, correct and complete copies of each of the Additional First Priority Indebtedness Documents to which it is a party and which are in its possession.
Notwithstanding the foregoing, any Grantor may grant or permit Liens on cash or Cash Equivalents to secure the reimbursement obligations on letters of credit constituting First Priority Claims not in excess of the Maximum First Priority Indebtedness Amount without granting a Lien on such cash or Cash Equivalent to secure any other Obligations; provided that, the amount of such cash collateral may not exceed 105% of the face amount of such letters of credit.
So long as no Event of Default has occurred, the Company shall make payments with respect to the First Priority Indebtedness on a pari passu basis to the Creditors.
For the purposes of determining ratable amounts under this Section 4, U.S. Collateral Agent will use the Dollar Equivalent (as defined in the Credit Agreement) at the time of determination of the First Priority Indebtedness outstanding.
For the purposes of determining ratable amounts under this Section 4, Euro Collateral Agent will use the Dollar Equivalent (as defined in the Credit Agreement) at the time of determination of the First Priority Indebtedness outstanding.
The Additional First Priority Indebtedness Representative shall certify as to such amounts and the Collateral Agent shall be entitled to rely conclusively upon such certification.
All payments on account of Proceeds received by the Collateral Agent in respect of all other Obligations in respect of First Priority Indebtedness shall be paid to the Additional First Priority Indebtedness Representative, as applicable, on behalf of the holders of such indebtedness.
If the aggregate principal amount of Notes and other First Priority Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and the other First Priority Indebtedness to be purchased on a pro rata basis.
In addition, an executed copy of the Additional First Priority Indebtedness Documents as of [ ] is attached to this signature page.
All other payments on account of Proceeds received by U.S. Collateral Agent in respect of all other Obligations in respect of First Priority Indebtedness shall be paid to the First Priority Agents on behalf of the holders of such indebtedness.

More Definitions of First Priority Indebtedness

First Priority Indebtedness means (i) the Obligations of Crown Euroco, the subsidiary borrowers and the Euro Pledgors under the Credit Documents and (ii) the Obligations of Crown Euroco and the Euro Pledgors under the Bank Related Debt Agreements.

First Priority Indebtedness means any Indebtedness secured by a First-Priority Lien.

First Priority Indebtedness means the Notes, the Guarantees and any other Indebtedness of AirGate and the Guarantors that is secured by a Lien permitted by clause (o) of the definition of Permitted Liens.

First Priority Indebtedness means the Indebtedness (i) owed by the Parent to Maxim pursuant to Section 2 of the Maxim Note, (ii) the Indebtedness owed by ▇▇▇▇▇▇▇ to LMFA pursuant to Section 2 of the LMFA Promissory Note and (iii) the Indebtedness owed by the Parent to Sponsor pursuant to Section 2 of the Sponsor Note; provided that, upon the occurrence of an Event of Default, none of the Indebtedness shall be deemed to be First Priority Indebtedness.