Priority Obligations definition

Priority Obligations means, as to the Term Loan Priority Collateral, the Term Loan Obligations and as to the Revolving Credit Priority Collateral, the Revolving Credit Obligations. The Existing Notes Obligations shall not constitute Priority Obligations for any purpose of this Agreement at any time prior to the Payment in Full of all Term Loan Obligations and all Revolving Credit Obligations, and all Revolving Credit Obligations and Term Loan Obligations shall both constitute Priority Obligations as they relate to the Existing Notes Obligations or the Existing Notes Creditors, or any Liens in favor of the Existing Notes Creditors, for all purposes of this Agreement.

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Priority Obligations means, collectively, the First Lien Credit Agreement Obligations and the Additional First Lien Debt Obligations.

Priority Obligations means the First-Out Obligations and the Second-Out Obligations.

Examples of Priority Obligations in a sentence

The obligations of the Buyer under this Article 5A shall remain in full force and effect from the Closing Date until the date on which all Priority Obligations have been irrevocably paid and discharged in full (the “Release Date”).
No Company Revenues and no proceeds of Company Receivables shall be applied to any Restricted Distribution unless and until all Priority Obligations then due and payable have been satisfied in full in accordance with Section 5A.2.
The Target Company has no liabilities (whether accrued, absolute, contingent or otherwise) except (i) those disclosed in the financial statements, (ii) those incurred in the ordinary course of business since the date of the most recent financial statements, and (iii) the Priority Obligations and Software Payment Obligations fully disclosed in the Disclosure Schedule.

More Definitions of Priority Obligations

Priority Obligations means the Revolver Obligations and the Term Loan Obligations.

Priority Obligations means the Priority Debt and all other Obligations in respect thereof.

Priority Obligations means, as to the Term Loan Priority Collateral, the Term Loan Obligations and as to the Revolving Credit Priority Collateral, the Revolving Credit Obligations.

Priority Obligations means the First Lien Obligations and the Second Lien Obligations.

Priority Obligations means all moneys owing, obligations and other liabilities of the Borrowers to the Banks and the Agent pursuant to the Facilities Agreement and under the First New Overdraft Facility;

Priority Obligations has the meaning given to such term in the Intercreditor Agreement.

Priority Obligations means (i) with respect to Stanwell and the Stanwell Obligations, the First Creditor Obligations, (ii) with respect to the Third Creditor and Third Creditor Debt, the First Creditor Obligations and the Stanwell Obligations, and (iii) with respect to the Fourth Creditor and Fourth Creditor Debt, the First Creditor Obligations, the Stanwell Obligations and the Third Creditor Debt.