First Priority Lien Obligations definition

First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.
First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate or Representative of such holder at the time of entry into such Hedging Obligations;
First Priority Lien Obligations means (i) all Secured Bank Indebtedness and (ii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in each case owing to a Person that is a holder of Secured Bank Indebtedness or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

Examples of First Priority Lien Obligations in a sentence

  • See “Capitalization.” Although the Indenture will contain limitations on the amount of additional Indebtedness that the Issuer and its Subsidiaries may incur, the amount of such Indebtedness could be substantial, and such additional Indebtedness may be Secured Indebtedness or First Priority Lien Obligations.

  • The Controlling Collateral Agent is the New Term Loan Credit Agreement Collateral Agent and will remain the New Term Loan Credit Agreement Collateral Agent until the earlier of (1) the Discharge of First Priority Lien Obligations that are New Term Loan Obligations and (2) the Non-Controlling Collateral Agent Enforcement Date (such earlier date, the “Controlling Collateral Agent Change Date”).

  • The Obligations under the Notes, the Indenture, the Guarantees and any First Priority Lien Obligations (including the New Term Loan Obligations) will have a first-priority security interest with respect to the Term Loan Priority Collateral and will have a second-priority security interest with respect to the ABL Priority Collateral.


More Definitions of First Priority Lien Obligations

First Priority Lien Obligations means (i) all Secured Bank Indebtedness and (ii) all other obligations of Holdings or any of its Restricted Subsidiaries in respect of Hedging Obligations or obligations in respect of cash management services in each case owing to a Person that is a holder of Secured Bank Indebtedness or an Affiliate of such holder at the time of entry into such Hedging Obligations or obligations in respect of cash management services.
First Priority Lien Obligations means the First Priority Lien Debt and all other Obligations in respect of First Priority Lien Debt.
First Priority Lien Obligations means (i) the RBL Facility Obligations and (ii) the Other First-Priority Lien Obligations.
First Priority Lien Obligations means (a) Obligations in respect of the General Credit Facilities, (b) the Secured Obligations, (c) Obligations in respect of the Existing Priority Guarantee Notes and (d) Obligations in respect of any series of Obligations that have been designated as “Additional First-Lien Obligations” under the Credit Agreement Intercreditor Agreement.
First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuers, Holdings and any of Holdings’ Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuers, Holdings or any of Holdings’ Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in connection with Indebtedness described in clause (i) or Obligations described in clause (ii).
First Priority Lien Obligations has the meaning assigned to such term in clause (2) under “Permitted Liens.”
First Priority Lien Obligations has the meaning assigned to such term in the Priority Lien Intercreditor Agreement.