Pari Passu Liabilities definition

Pari Passu Liabilities means the Pari Passu Debt Liabilities and the Pari Passu Hedging Liabilities.
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Pari Passu Liabilities means the liabilities owed by the relevant debtors to the Secured Parties (under the relevant debt documents).
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Pari Passu Liabilities means the Liabilities owed by the Debtors:
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Examples of Pari Passu Liabilities in a sentence

  • If any Disposal Proceeds are required to be applied in mandatory prepayment of the Pari Passu Liabilities then those Disposal Proceeds shall be applied pro rata across the Pari Passu Liabilities unless the Instructing Group otherwise agrees in writing and the consent of any other Party shall not be required for that application.

  • Each of the Parties agrees that the Transaction Security shall rank and secure the Pari Passu Liabilities (but only to the extent that such Transaction Security is expressed to secure those Liabilities) (subject to the terms of this Deed) pari passu and without any preference between them.

  • Each of the Parties agrees that the Pari Passu Liabilities shall rank pari passu and without any preference between them.

  • Any references in this Clause 3 to Pari Passu Debt Documents, Pari Passu Liabilities and Pari Passu Creditors shall exclude the 2029 Notes Debt Documents, the 2029 Notes Liabilities and the 2029 Notes Creditors.


More Definitions of Pari Passu Liabilities

Pari Passu Liabilities means the Liabilities owed by the Senior Secured Notes Issuer and the Debtors to the Pari Passu Creditors under the Pari Passu Debt Documents, together with any related Additional Liabilities (but excluding any Hedging Liabilities).
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Pari Passu Liabilities means the Liabilities as defined under the Pari Passu Credit Agreement.
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Pari Passu Liabilities means the liabilities owed by the Debtors to the Pari Passu Creditors under or in connection with the relevant Debt Documents.
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Pari Passu Liabilities means any Pari Passu Hedging Liabilities or the Pari Passu Debt Liabilities.
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Pari Passu Liabilities has the meaning set forth in Section 12.1(a).
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Pari Passu Liabilities means the Pari Passu Debt Liabilities, the Pari Passu Cash Management Facility Liabilities and the Pari Passu Hedging Liabilities.
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Related to Pari Passu Liabilities

  • Hedge Liabilities shall have the meaning provided in the definition of “Lender-Provided Interest Rate Hedge”.

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to Lender in a manner acceptable to Lender in its sole discretion.

  • Senior Liabilities means the Senior Lender Liabilities and the Hedging Liabilities.

  • Excluded Hedge Liability or Liabilities means, with respect to each Loan Party, each of its Swap Obligations if, and only to the extent that, all or any portion of this Agreement or any other Loan Document that relates to such Swap Obligation is or becomes illegal under the CEA, or any rule, regulation or order of the CFTC, solely by virtue of such Loan Party’s failure to qualify as an Eligible Contract Participant on the Eligibility Date for such Swap. Notwithstanding anything to the contrary contained in the foregoing or in any other provision of this Agreement or any other Loan Document, the foregoing is subject to the following provisos: (a) if a Swap Obligation arises under a master agreement governing more than one Swap, this definition shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guaranty or security interest is or becomes illegal under the CEA, or any rule, regulations or order of the CFTC, solely as a result of the failure by such Loan Party for any reason to qualify as an Eligible Contract Participant on the Eligibility Date for such Swap, (b) if a guarantee of a Swap Obligation would cause such obligation to be an Excluded Hedge Liability but the grant of a security interest would not cause such obligation to be an Excluded Hedge Liability, such Swap Obligation shall constitute an Excluded Hedge Liability for purposes of the guaranty but not for purposes of the grant of the security interest, and (c) if there is more than one Loan Party executing this Agreement or the other Loan Documents and a Swap Obligation would be an Excluded Hedge Liability with respect to one or more of such Persons, but not all of them, the definition of Excluded Hedge Liability or Liabilities with respect to each such Person shall only be deemed applicable to (i) the particular Swap Obligations that constitute Excluded Hedge Liabilities with respect to such Person, and (ii) the particular Person with respect to which such Swap Obligations constitute Excluded Hedge Liabilities.