Pari Passu Indebtedness definition

Pari Passu Indebtedness means any Indebtedness of the Issuer or any Guarantor that ranks pari passu in right of payment with the Notes or the Note Guarantees, as applicable.

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Pari Passu Indebtedness means (a) any Indebtedness of the Company that is equal in right of payment to the Securities and (b) with respect to any Guarantee, Indebtedness which ranks equal in right of payment to such Guarantee.

Pari Passu Indebtedness means Indebtedness that ranks equally in right of payment to the Notes.

Examples of Pari Passu Indebtedness in a sentence

The Asset Disposition Offer shall be made to all Holders and, if required, all holders of Pari Passu Indebtedness.
In addition, the Company shall deliver all certificates and notes instruments, if any, by the agreements governing the Pari Passu Indebtedness.
No later than the Asset Disposition Purchase Date, the Company shall apply all Excess Proceeds to the purchase of the Asset Disposition Offer Amount, or, if less than the Asset Disposition Offer Amount of Notes (and, if applicable, Pari Passu Indebtedness) has been so validly tendered, all Notes and Pari Passu Indebtedness validly tendered in response to the Asset Disposition Offer.
In addition, the Company shall take any and all other actions required by the agreements governing the Pari Passu Indebtedness with respect to the applicable Asset Disposition.

More Definitions of Pari Passu Indebtedness

Pari Passu Indebtedness means, with respect to any Net Proceeds from Asset Sales, Indebtedness of the Company and its Restricted Subsidiaries the terms of which require the Company or such Restricted Subsidiary to apply such Net Proceeds to offer to repurchase such Indebtedness.

Pari Passu Indebtedness means Indebtedness of the Company or any Guarantor (other than Indebtedness pursuant to the Senior Facilities Agreement, the Encore Private Placement Notes and Priority Hedging Obligations) if such Indebtedness does not constitute Subordinated Indebtedness.

Pari Passu Indebtedness means Indebtedness of the Company which ranks equally in right of payment to the Notes or of any Subsidiary Guarantor if such Indebtedness ranks equally in right of payment to the Subsidiary Guarantees of the Notes.

Pari Passu Indebtedness means any Indebtedness of the Company or a Guarantor that is pari passu in right of payment to the Notes or a Guarantee, as the case may be.

Pari Passu Indebtedness means Indebtedness for borrowed money, the proceeds of which are used to either purchase interests in the Series 2002-1 VFC, refinance Indebtedness originally used for such purpose and/or pay expenses incurred in connection with this Indenture or any such other Indebtedness, and indebtedness incurred in connection with Hedge Agreements, in each case which ranks not greater than pari passu (in priority of payment) with the Notes.

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

Pari Passu Indebtedness means indebtedness which ranks pari passu in right of payment to the Securities.