Term Facility Obligations means all "Term Loan Obligations" (as such term is defined in the Term/Notes Collateral Agreement) of the Company and other obligors outstanding under, and all other obligations in respect of, the Term Facility or any of the other Term Facility Documents.
Examples of Term Facility Obligations in a sentence
In furtherance of Section 2.03, if the New Revolving Facility Obligations are secured by Property of the Grantors that do not also secure the Term Facility Obligations, the applicable Grantors shall promptly grant a Term Facility Lien on such Property to secure the Term Facility Obligations.
Intercreditor Agreement shall be applied by the Term Facility Administrative Agent to the Term Facility Obligations in such order as specified in Section 21(b) of the Term Facility Security Agreement.
Nothing in this Agreement is intended to or shall impair the obligations of the Borrower or any other Grantor or any Guarantor, which are absolute and unconditional, to pay the Revolving Facility Obligations and the Term Facility Obligations as and when the same shall become due and payable in accordance with their terms.
The Term Facility Obligations and the Revolving Facility Obligations shall be several but not joint obligations of the Term Facility Borrower and the Revolving Facility Borrowers, respectively.
Junior Secured Obligations means (a) with respect to the Term Facility Obligations (to the extent such Obligations are secured by the Term Facility First Lien Collateral), the Revolving Facility Obligations, and (b) with respect to Revolving Facility Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Term Facility Obligations.