Examples of Pari Passu Lien Obligations in a sentence
If the aggregate principal amount of Notes (and, if applicable, Pari Passu Lien Obligations or other parity Indebtedness) surrendered by holders thereof exceeds the amount of such Excess Proceeds, the Issuer shall select the Notes (and, if applicable, Pari Passu Lien Obligations or other parity Indebtedness) to be purchased on a pro rata basis.
All sums disbursed by the Collateral Agent in connection with this paragraph, including attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon written demand as provided in Section 9.05 of the Credit Agreement or any comparable provision of the Senior Secured Note Indenture or any Other Pari Passu Lien Obligations Agreement, by the Grantors to the Collateral Agent and shall be additional Obligations secured hereby.
All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 9.01 of the Credit Agreement or after the Loan Obligations have been paid in full, in accordance with the Term/Note Intercreditor Agreement or, if only one class of Note Obligations or Other Pari Passu Lien Obligations remains outstanding, in accordance with the Senior Secured Notes Indenture or applicable Other Pari Passu Lien Obligations Agreement, as applicable.
The Security Interest in the Collateral securing the applicable Note Obligations shall also be released on the terms set forth in the Senior Secured Note Indenture or the applicable Other Pari Passu Lien Obligations Agreement, as applicable.
In the event the Pari Passu Lien Obligations of any Class are modified pursuant to applicable law, including Section 1129 of the Bankruptcy Code, any reference to the Pari Passu Lien Obligations of such Class or the Secured Credit Documents of such Class shall refer to such obligations or such documents as so modified.