Parallel Debt B definition

Parallel Debt B means the Parallel Debt set out in Section 9.14(b) of this Agreement and any other Parallel Debt under any of the Loan Documents mirroring obligations of the Dutch Borrower under Term B Loans and/or other indemnities and costs.
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Parallel Debt B means any amount which a Foreign Loan Party owes to the Administrative Agent under this Section 11.19, (ii) “Corresponding Debt B” means any amount which a Foreign Loan Party owes to a Lender under or in connection with any Loan Document, and (iii) the Administrative Agent (x) is the independent and separate creditor of each Parallel Debt B, (y) acts in its own name and not as Administrative Agent, representative or trustee of the Lenders and its claims in respect of each Parallel Debt B shall not be held on trust, and (z) shall have the independent and separate right to demand payment of each Parallel Debt B in its own name (including, without limitation, through any suit, execution, enforcement of security, recovery of guarantees and applications for and voting in any kind of insolvency proceeding).
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Examples of Parallel Debt B in a sentence

  • The Parallel Debt B of each Foreign Loan Party (i) shall become due and payable at the same time as its Corresponding Debt B, and (ii) is independent and separate from, and without prejudice to, its Corresponding Debt B (Parallel Debt B).

Related to Parallel Debt B

  • Parallel Debt has the meaning assigned to such term in Section 9.21.

  • Parallel Obligations means the independent obligations of any of the Grantors arising pursuant to the First Lien Intercreditor Agreement to pay to the Collateral Agent sums equal to the sums owed by such Grantor to the other Secured Parties (or any of them) under the Credit Documents.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any other series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest, fees or expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt and (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents.

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.