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

• With respect to any payments or distributions in cash, property, or other assets that any Junior Priority Secured Party pays over to the Senior Priority Agent under the terms of this Agreement that creates a right of subrogation under applicable law, such Junior Priority Secured Party shall not assert or enforce any such rights of subrogation until the occurrence of the Discharge of Senior Priority Obligations with respect to the Senior Priority Obligations subject to such right of subrogation.

• Neither the Junior Priority Agent nor any other Junior Priority Secured Party shall oppose or seek to challenge any claim by the Senior Priority Agent or any other Senior Priority Secured Party for allowance in any Insolvency or Liquidation Proceeding of Senior Priority Obligations consisting of post-petition interest, premiums, fees, costs, charges or expenses.

• The Junior Priority Secured Parties shall not provide or offer to provide any DIP Financing secured by a Lien on the Senior Priority Collateral senior or pari passu with the Liens on the Senior Priority Collateral securing the Senior Priority Obligations, without the prior written consent of the Senior Priority Agent.

More Definitions of Senior Priority Obligations

Senior Priority Obligations means the Senior-Priority Non-ABL Obligations and the ABL Facility Obligations.

Senior Priority Obligations means the ABL Obligations and any Additional Obligations constituting Senior Priority Debt.

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 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 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.