Prior Indebtedness definition

Prior Indebtedness means the Indebtedness and obligations specified on Schedule 11.1 hereto.

Prior Indebtedness has the meaning specified in the recitals to this Agreement.

Prior Indebtedness means all Indebtedness outstanding under the Prior Credit Documents on the date hereof.

Examples of Prior Indebtedness in a sentence

• The Indebtedness arising under this Agreement is a renewal, extension and restatement on revised terms of (but not an extinguishment or novation of) the Prior Indebtedness and, from and after the date hereof, the terms and provisions of the Prior Credit Documents shall be superseded by the terms and provisions of this Agreement.

• The Administrative Agent shall have received customary pay-off letters and lien termination documentation (which shall release the applicable lender’s Lien’s on all assets of the Borrower Group Companies) relating to all such Prior Indebtedness.

• Borrower hereby agrees that (i) the Prior Indebtedness, all accrued and unpaid interest thereon, and all accrued and unpaid fees under the Prior Credit Documents shall be deemed to be Indebtedness of Borrower outstanding under and governed by this Agreement and (ii) all Liens securing the Prior Indebtedness shall continue in full force and effect to secure the Secured Obligations.

• The Lenders shall have received confirmation of the outstanding balances in respect of the Prior Indebtedness and evidence satisfactory to the Administrative Agent confirming that all Prior Indebtedness will be repaid in full from the proceeds of the Interim Order Date Term Loan and the DIP ABL Facility and all Liens upon any of the property of the Loan Parties or any of their Subsidiaries in favor of the Prior Lenders shall become DIP ABL Liens.

• The Borrowers shall use the proceeds of the Loans solely as follows: (a) to refinance on the Closing Date, Prior Indebtedness, (b) to pay costs and expenses required to be paid pursuant to Section 2.1, (c) to finance Permitted Acquisitions and (d) for working capital and other general corporate purposes not in contravention of any Requirement of Law and not in violation of this Agreement.

More Definitions of Prior Indebtedness

Prior Indebtedness means the Indebtedness and obligations specified on Schedule 4.01(f) hereto.

Prior Indebtedness means all Indebtedness outstanding under the Prior Credit Documents on the date hereof. "Rating Agency" means either S & P or Moody's.

Prior Indebtedness means the Indebtedness and obligations under that certain Amended and Restated Credit Agreement, dated as of April 27, 2011 (as amended, restated, supplemented or otherwise modified from time to time and in effect immediately prior to the effectiveness of this Agreement), by and among the Borrowers, the other loan parties thereto, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as the administrative agent, and the other agents party thereto.

Prior Indebtedness is defined in the second preliminary statement hereto.

Prior Indebtedness means the indebtedness outstanding immediately prior to the Effective Date under the Existing Credit Agreement.

Prior Indebtedness means the Indebtedness and all other obligations outstanding under the Existing ABL Agreement.

Prior Indebtedness is defined in the second recital.