First Priority Debt means Consolidated Debt that is secured by a first-priority Lien on any Collateral.
First Priority Debt has the meaning given to that term in the Intercreditor Agreement.
First Priority Debt means ABL Debt to the extent it constitutes Maximum Priority ABL Debt.
Examples of First Priority Debt in a sentence
Section 8.07 of the Intercreditor Agreement provides that such New First Priority Representatives may become a Representative under, and such New First Priority Debt and the related Secured Parties may become subject to and bound by, the Intercreditor Agreement, pursuant to the execution and delivery by the New First Priority Representatives of an instrument in a form set forth therein the satisfaction of the other conditions set forth in Section 8.07 of the Intercreditor Agreement.
More Definitions of First Priority Debt
First Priority Debt means all Notes Obligations and all First Priority Lien Obligations.
First Priority Debt has the meaning given to that term in the Intercreditor Agreement. “Guarantors” means the Grantors and the other guarantors under the Indenture.
First Priority Debt means, at any time, the sum of (a) the principal amount of all outstanding Loans, Revolving Credit Loans and, without duplication, all other Indebtedness of each Foreign Subsidiary that would be reflected on a consolidated balance sheet of the Holdco Group prepared in accordance with GAAP at such time (other than (i) any Indebtedness of a Foreign Subsidiary of the type described in clause (vi) of the definition of “Indebtedness” and (ii) any Indebtedness in respect of the Second Lien Term Loans) minus (b) the aggregate amount of cash that would be reflected on a consolidated balance sheet of the Holdco Group prepared in accordance with GAAP at such time.
First Priority Debt at any time, the sum of (a) the principal amount of all outstanding ABL Loans and, without duplication, all other Indebtedness of each Foreign Subsidiary that would be reflected on a consolidated balance sheet of the Holdco Group prepared in accordance with GAAP at such time (other than any Indebtedness of a Foreign Subsidiary of the type described in clause (vi) of the definition of “Indebtedness”) minus (b) the aggregate amount of cash that would be reflected on a consolidated balance sheet of the Holdco Group prepared in accordance with GAAP at such time.
First Priority Debt has the meaning set forth in the Intercreditor Agreement as in effect on the date of this Indenture. “First Priority Lien” means a Lien to the extent it secures First Priority Debt. “Fixed Charges” means, with respect to the Company and the Guarantors for any period, the sum, without duplication, of: (1) the consolidated interest expense of the Company and the Guarantors for such period, whether paid or accrued, including amortization of debt issuance costs, beneficial conversion features, derivatives embedded within convertible debt and original issue discount, non-cash interest payments, the interest component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, imputed interest with respect to Attributable Debt, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and net of the effect of all payments made or received pursuant to Hedging Obligations in respect of interest rates; plus (2) the consolidated interest expense of the Company and the Guarantors that was capitalized during such period; plus (3) any interest on Indebtedness of another Person that is guaranteed by the Company or any of the Guarantors or secured by a Lien on assets of the Company or any of the Guarantors, whether or not such Guarantee or Lien is called upon; plus (4) the product of (a) all dividends, whether paid or accrued and whether or not in cash, on any series of preferred stock of the Company or any of the Guarantors, other than dividends on Equity Interests payable solely in Equity Interests of the Company (other than Disqualified Stock) or to the Company or a Guarantor, times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state
First Priority Debt means (i) the Indebtedness under the First Priority Indenture, the First Priority Debentures, the BTG Agreement and the NFL Deferral Agreement and (ii) any Additional First Priority Debt.
First Priority Debt means any Indebtedness incurred under the First Priority Debt Documents.