Junior Priority Lien Debt definition
Junior Priority Lien Debt means (a) the 1.75 Lien Credit Agreement and (b) any other Indebtedness (other than intercompany Indebtedness owing to the Issuer or its Subsidiaries) of the Issuer or any Guarantor permitted to be Incurred under Section 4.09(b)(3)(x) (including any Refinancing Indebtedness with respect to Junior Priority Lien Debt with other Junior Priority Lien Debt to the extent contemplated and permitted by the Intercreditor Agreement) that is secured by a Junior Priority Lien and that is permitted to be Incurred and so secured under each applicable Secured Debt Document; provided that, in the case of any Indebtedness referred to in clause (b) of this definition:
Junior Priority Lien Debt means (a) the Indebtedness and other Obligations under this Agreement and the other Loan Documents and (b) any other Indebtedness (other than intercompany Indebtedness owing to the Borrower or its Subsidiaries) of the Borrower or any Guarantor permitted to be Incurred under Section 6.01(b)(3)(x) (including any Refinancing Indebtedness with respect to Junior Priority Lien Debt with other Junior Priority Lien Debt to the extent contemplated and permitted by the Intercreditor Agreement) that is secured by a Junior Priority Lien and that is permitted to be Incurred and so secured under each applicable Secured Debt Document; provided that, in the case of any Indebtedness referred to in clause (b) of this definition:
Examples of Junior Priority Lien Debt in a sentence
The Borrower shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, pay or cause to be paid any consideration to or for the benefit of any Lender or holder of any Junior Priority Lien Debt for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of any Junior Priority Lien Document unless (a) in the case of any consent, waiver or amendment of any 128 EXCO Resources, Inc.