Pari Passu Debt Documents definition

Pari Passu Debt Documents means each document or instrument entered into between any members of the Group or Debtors and a Pari Passu Creditor setting out the terms of any loan, credit or debt facility, notes, indenture, guarantee or security which creates or evidences any Pari Passu Debt (but excluding, for the avoidance of doubt, any Hedging Agreements).
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Pari Passu Debt Documents means each document or instrument entered into between any members of the Restricted Group and a Pari Passu Creditor setting out the terms of any loan, credit or debt facility, notes, indenture or security which creates or evidences any Pari Passu Debt.
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Pari Passu Debt Documents means, collectively, each Existing Pari Passu Debt Document, any Pari Passu Security Document, any Additional Pari Passu Agreement and each of the other agreements, documents and instruments (including, without limitation, any agreement in respect of any Hedge Agreement Obligations) providing for or evidencing any Pari Passu Debt, and any other document or instrument executed or delivered at any time in connection with any Pari Passu Debt, including this Agreement and any joinders hereto, in each case as each may be amended, restated, supplemented, or modified, from time to time in accordance with the terms hereof.
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Examples of Pari Passu Debt Documents in a sentence

  • Furthermore, prior to taking any action under this Agreement or the relevant Pari Passu Debt Documents, as the case may be, the Pari Passu Note Trustee may reasonably request and rely upon an opinion of counsel or opinion of another qualified expert, at the Parent’s expense, as applicable; provided, however, that any such opinions shall be at the expense of the relevant Pari Passu Noteholders, if such actions are on the instructions of the relevant Pari Passu Noteholders.

  • It is expressly understood and agreed by the Parties that this Agreement is executed and delivered by each Pari Passu Note Trustee not individually or personally but solely in its capacity as a Pari Passu Note Trustee in the exercise of the powers and authority conferred and vested in it under the relevant Pari Passu Debt Documents.

  • Secured Debt Document means each of this Deed, the Intercreditor Agreement, the Credit Facility Documents, the Pari Passu Debt Documents, the Security Documents and any other document designated as such by the Security Agent and the Parent.

  • The rights of the Security Agent under this Guarantee may be waived only in writing and specifically, subject to the provisions of the Pari Passu Debt Documents and the documents for the Super Senior Liabilities, on such terms as the Security Agent sees fit.

  • The Debtors may make Payments of the Pari Passu Debt at any time in accordance with the Pari Passu Debt Documents subject to any restrictions contained in the Credit Facility Documents or the Senior Secured Notes Documents.

  • The Debtors may make Payments of the Pari Passu Debt Liabilities at any time in accordance with, and subject to the provisions of, the Pari Passu Debt Documents.

  • This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by any Debtor under the Pari Passu Debt Documents, regardless of any intermediate payment or discharge in whole or in part.

  • Please protect the integrity of electronic communication devices and services at all times, including logging off or locking systems when not in use or when you are away from the workspace.

  • To the extent that the Pari Passu Note Trustee may, in accordance with the Pari Passu Debt Documents, act without the consent of the Pari Passu Noteholders, then the Pari Passu Note Trustee will not be required to obtain any further consent from the Pari Passu Noteholders in respect of any action to be taken by it under this Agreement.

  • The Collateral Agent shall not be required to make any request hereunder without the instructions of the Applicable Authorized Representative acting on the instructions of the applicable holders of the Secured Obligations in accordance with the Indenture or any Additional Pari Passu Debt Documents, as applicable.


More Definitions of Pari Passu Debt Documents

Pari Passu Debt Documents has the meaning given to such term in the Intercreditor Agreement.
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Related to Pari Passu Debt Documents

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

  • Pari Passu Intercreditor Agreement means an intercreditor agreement among the Administrative Agent and the other parties from time to time party thereto, substantially in the form of Exhibit I.

  • Refinancing Notes means any secured or unsecured notes or loans issued by the Borrower or any Subsidiary Loan Party (whether under an indenture, a credit agreement or otherwise) and the Indebtedness represented thereby; provided, that (a) (i) 100% of the Net Proceeds of such Refinancing Notes that are secured on a pari passu basis with the Term B-1 Loans are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof or (ii) 90% of the Net Proceeds of any other Refinancing Notes are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof; (b) the principal amount (or accreted value, if applicable) of such Refinancing Notes does not exceed the principal amount (or accreted value, if applicable) of the aggregate portion of the Loans so reduced and/or Commitments so replaced (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses); (c) the final maturity date of such Refinancing Notes is on or after the Term Facility Maturity Date or the Revolving Facility Maturity Date, as applicable, of the Term Loans so reduced or the Revolving Facility Commitments so replaced; (d) the Weighted Average Life to Maturity of such Refinancing Notes is greater than or equal to the Weighted Average Life to Maturity of the Term Loans so reduced or the Revolving Facility Commitments so replaced, as applicable; (e) in the case of Refinancing Notes in the form of notes issued under an indenture, the terms thereof do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the Term Facility Maturity Date of the Term Loans so reduced or the Revolving Facility Maturity Date of the Revolving Facility Commitments so replaced, as applicable (other than customary offers to repurchase or mandatory prepayment provisions upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default); (f) the other terms of such Refinancing Notes (other than interest rates, fees, floors, funding discounts and redemption or prepayment premiums and other pricing terms), taken as a whole, are substantially similar to, or not materially less favorable to the Borrower and its Subsidiaries than the terms, taken as a whole, applicable to the Term B-1 Loans (except for covenants or other provisions applicable only to periods after the Latest Maturity Date in effect at the time such Refinancing Notes are issued), as determined by the Borrower in good faith (or, if more restrictive, the Loan Documents are amended to contain such more restrictive terms to the extent required to satisfy the foregoing standard); (g) there shall be no obligor in respect of such Refinancing Notes that is not a Loan Party; and (h) Refinancing Notes that are secured by Collateral shall be subject to the provisions of a Permitted Pari Passu Intercreditor Agreement or a Permitted Junior Intercreditor Agreement, as applicable.