Senior Priority Obligations definition

Senior Priority Obligations as defined in the Base Intercreditor Agreement.
Senior Priority Obligations means the Original First Lien Obligations[, the [ ] First Lien Obligations]viii and any Additional Obligations constituting Senior Priority Debt.
Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

Examples of Senior Priority Obligations in a sentence

  • If any Senior Priority Agent or Senior Priority Creditor is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Credit Party or any other Person any payment made in satisfaction of all or any portion of the Senior Priority Obligations (a “Senior Priority Recovery”), then the relevant Senior Priority Obligations shall be reinstated to the extent of such Senior Priority Recovery.

  • Notwithstanding anything herein to the contrary, each Agent may make such demands or file such claims in respect of the Senior Priority Obligations or Junior Priority Obligations, as applicable, owed to such Agent and the Creditors represented thereby as are necessary to prevent the waiver or bar of such claims under applicable statutes of limitations or other statutes, court orders, or rules of procedure at any time.

  • Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that no payment by such Junior Priority Agent or any such Junior Priority Creditor to any Senior Priority Agent or Senior Priority Creditor pursuant to the provisions of this Agreement shall entitle such Junior Priority Agent or Junior Priority Creditor to exercise any rights of subrogation in respect thereof until the Discharge of Senior Priority Obligations shall have occurred.


More Definitions of Senior Priority Obligations

Senior Priority Obligations means the ABL Obligations and any Additional Obligations constituting Senior Priority Debt.
Senior Priority Obligations means the Senior-Priority Non-ABL Obligations and the ABL Facility Obligations.
Senior Priority Obligations means the Original Senior Lien Obligations [, the [ ] Senior Lien Obligations]9 and any Additional Obligations constituting Senior Priority Debt.
Senior Priority Obligations means the First Lien Credit Agreement Obligations and any Additional Senior Priority Debt Obligations (provided that the Senior Priority Obligations shall exclude any such obligations the Incurrence of which was not permitted under each Second Priority Debt Document extant at the time of the Incurrence thereof).
Senior Priority Obligations means (x) the Equal Priority Obligations and (y) any Obligations with respect to any Indebtedness having a Junior Lien Priority relative to the Notes and the Note Guarantees with respect to the Collateral and having Senior Lien Priority relative to the Junior Priority Obligations; provided, that the holders of such Indebtedness or their Senior Priority Representative shall become party to a Junior Priority Intercreditor Agreement and any other applicable intercreditor agreements.
Senior Priority Obligations shall have the meaning provided in the Intercreditor Agreement.
Senior Priority Obligations means the Term Loan Obligations and any Additional Obligations constituting Senior Priority Debt.