Pari Passu Debt definition

Pari Passu Debt means (a) any Debt of the applicable Issuer that ranks equally in right of payment with the Notes or (b) with respect to any Guarantee, any Debt that ranks equally in right of payment to such Guarantee.

Pari Passu Debt means any Indebtedness of the Company that is payable on a pari passu basis with the Securities.

Pari Passu Debt means any Funded Debt of either of the Issuers, whether outstanding on the Issue Date or thereafter created, incurred or assumed, unless, in the case of any particular Funded Debt, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such Funded Debt shall be subordinated in right of payment to the Notes.

Examples of Pari Passu Debt in a sentence

• Additional Pari Passu Debt Balance Yes Yes Yes Debt amount ranking pari passu to the Loans.

• In accordance with Section 5.05(c) of the CASA, the Borrower requests that $[ ] be withdrawn from the [insert name of applicable Pari Passu Debt Service Reserve Sub-Account] established for the [describe applicable Pari Passu Debt] and applied to pay principal and accrued and unpaid interest due and payable on such Pari Passu Debt that is not otherwise paid by Revenues deposited to the Revenue Account, as set forth in greater detail in Part E of the attached Schedule I.

• Notwithstanding the provisions of Section 2.13(g) of the Credit Agreement, the proceeds of any Pari Passu Debt shall not be required to be applied to prepay 2018 Term F Loans until the 2017 Term E Loans have been repaid in full and until such time any such proceeds shall be allocated to the payment of Term Loans in accordance with Section 2.13(g) of the Credit Agreement as if no 2018 Term F Loans were outstanding.

• If any Disposal Proceeds are required to be applied in mandatory prepayment of the Credit Facility Liabilities or the Pari Passu Debt Liabilities then those Disposal Proceeds shall be applied in accordance with the Debt Documents and the consent of any other Party shall not be required for that application.

• In accordance with Section 5.04(c) of the CASA, the Borrower requests that $[ ] be withdrawn from the [insert name of applicable Pari Passu Debt Service Sub-Account] established for the [describe applicable Pari Passu Debt] and applied to pay principal, accrued and unpaid interest, and any other fees, costs, expenses and other amounts due and payable on such Pari Passu Debt, as set forth in greater detail in Part C of the attached Schedule I.

More Definitions of Pari Passu Debt

Pari Passu Debt means Indebtedness of the Company or a Restricted Subsidiary that is senior or pari passu in right of payment with the Notes. For the purposes of this definition, no Indebtedness will be considered to be senior or junior by virtue of being secured on a first or junior priority basis.

Pari Passu Debt means any Debt of the Issuer that ranks pari passu in right of payment to the Notes.

Pari Passu Debt means Debt of the Company or a Subsidiary Guarantor that is pari passu in right of payment with the Notes, in the case of the Company, or the Subsidiary Guarantees, in the case of any Subsidiary Guarantor. For the purposes of this definition, no Debt will be considered to be senior or junior by virtue of being secured on a first or junior priority basis.

Pari Passu Debt means any Indebtedness of the Company or any Guarantor that ranks pari passu in right of payment with the Notes or such Guarantee, as applicable.

Pari Passu Debt means (a) any Debt of the Issuer that ranks equally in right of payment with the Notes or (b) with respect to any Guarantee, any Debt that ranks equally in right of payment to such Guarantee.

Pari Passu Debt means Indebtedness of the Company that constitutes neither Senior Indebtedness nor Subordinated Indebtedness.

Pari Passu Debt means (a) any of the Corporate Bonds and (b) all other debt of the issuer of the Corporate Bonds which payment ranks in priority or on a pari passu basis with such Corporate Bonds.