Series of Secured Debt definition

Series of Secured Debt means, severally, each Series of Priority Lien Debt and each Series of Parity Lien Debt.

Series of Secured Debt means each Series of Subordinated Lien Debt and each Series of Senior Debt.

Series of Secured Debt means, severally, each of Working Capital Facility Indebtedness, Notes Indebtedness and the Pari Passu Indebtedness.

Examples of Series of Secured Debt in a sentence

• Any proceeds of a Remedies Action, and any proceeds from the enforcement of guarantees in respect of any Series of Secured Debt (including guarantees of the New First Out Notes), will also be deposited to the BRL Collateral Account; provided that if any such proceeds are received in U.S. dollars they may be deposited to the USD Collateral Account pending allocation in accordance with the USD Pro Rata Share and the BRL Pro Rata Share to the Secured Obligations pursuant to the following paragraphs).

• If any Secured Obligations are accelerated in accordance with the terms of the applicable Secured Debt Documents, then the Secured Debt Representative with respect to such Series of Secured Debt shall deliver to each other Secured Debt Representative within two (2) Business Days of receipt of such direction or of such determination, as the case may be, a written notice to that effect.

• With respect to any Series of Secured Debt, each Collateral Agent may conclusively rely on any direction from the Representative for such Series of First Priority Secured Debt regardless of whether any vote with respect to such series took place.

• Any action or approval by a Representative shall be deemed made by the Representative on its own behalf and on behalf of all of the holders of the applicable Series of Secured Debt and shall be binding on all of them.

• The Obligors further agree to take any and all reasonable action as may be necessary to maintain such designation and appointment of such authorized agent in full force and effect for the term of all Series of Secured Debt issued pursuant to the Secured Debt Documents.

More Definitions of Series of Secured Debt

Series of Secured Debt means each Series of Priority Lien Debt and each Series of Junior Lien Debt.

Series of Secured Debt means any Series of Superpriority Secured Debt, Series of First Priority Secured Debt and any Series of Second Priority Secured Debt.

Series of Secured Debt means the Senior Priority Lien Debt, each Series of Priority Lien Debt, each series of Junior Priority Lien Debt and each Series of Junior Lien Debt.

Series of Secured Debt means Parity Lien Debt and each Series of Priority Lien Debt.

Series of Secured Debt means, severally, the Notes and each other issue or series of Secured Debt for which a single transfer register is maintained.

Series of Secured Debt means the Priority Lien Debt and the Second Lien Debt.

Series of Secured Debt means, severally, each Series of Junior Lien Debt and each Series of Parity Lien Debt.