Examples of First Priority Agreement in a sentence
Each Person that becomes a Loan Party after the date hereof shall become a party to this Agreement upon execution and delivery by such Person of an Instrument of Assumption and Joinder substantially in the form of Exhibit L to the First Priority Agreement.
Notwithstanding the foregoing, the aggregate principal amount of the DIP Financing shall not exceed an amount equal to the sum of (x) $550,000,000 of new commitments plus (y) any amounts outstanding under the First Priority Agreement upon the commencement of the applicable Insolvency Proceeding (including Hedging Obligations, Cash Management Obligations and Platinum Lease Obligations) that are converted, exchanged or otherwise rolled into the post-petition obligations outstanding under the DIP facility.