First Lien Facilities definition

First Lien Facilities means the credit facilities established pursuant to the First Lien Credit Agreement, including, for the avoidance of doubt, any First Lien Incremental Facilities or First Lien Credit Agreement Refinancing Indebtedness incurred under the First Lien Credit Agreement.

First Lien Facilities shall have the meaning provided in the recitals of this Agreement.

First Lien Facilities means the Credit Agreement Documents (and the facilities and Credit Agreement Obligations pursuant thereto) and the Additional First-Lien Debt Facilities.

Examples of First Lien Facilities in a sentence

• References to specific provisions (or defined terms) in the First Lien Facilities Documentation shall be to such provisions (or defined terms) as amended or replaced (to the extent such amendment or replacement is permitted by the Loan Documents), and cross-references shall be deemed amended as necessary to refer to the same provisions that are referenced in the First Lien Facilities Documentation as in effect on the Closing Date.

• The Guarantees will rank pari passu with guarantees of the First Lien Facilities.

• Subject to the High Yield Documentation Principles, no less favorable to the Issuer than the Precedent Indenture (it being understood that such covenants shall in any event be no less favorable to the Issuer than those set forth in the First Lien Facilities Documentation).

• Borrowers are refinancing and replacing the Original First Lien Facility with the Refinancing First Lien Facilities.

• The Borrower will also be required to offer to prepay the Bridge Loans following the occurrence of a change of control (to be defined in a manner consistent with the High Yield Documentation Principles) and in any event no less favorable to the Borrower than the definition in the First Lien Facilities Documentation but not to include a “continuing director” prong) at 100% of the outstanding principal amount thereof, plus accrued and unpaid interest to the date of repayment.

More Definitions of First Lien Facilities

First Lien Facilities means the “Facilities” (as provided and defined in the First Lien Credit Agreement).

First Lien Facilities means each first lien term loan and first lien revolving facility under the First Lien Credit Agreement.

First Lien Facilities shall have the meaning provided to the term “Credit Facilities” in the First Lien Credit Agreement.

First Lien Facilities means the revolving credit and term loan facilities established under the Credit Agreement prior to the Issue Date.

First Lien Facilities means the revolving credit, swingline and letter of credit facilities provided hereunder, and the term loan facilities contemplated by Section 2.01(a) and (b) and Sections 2.24 and/or 2.25, if any.

First Lien Facilities means the first lien facilities made available under the First Lien Facilities Agreement.

First Lien Facilities means the senior secured first lien credit facilities provided to the Borrowers pursuant to the First Lien Credit Agreement.