New First-Priority Securities

Example Definitions of "New First-Priority Securities"
New First-Priority Securities. Shall mean debt securities of the Issuers and first-priority guarantees by the Subsidiary Guarantors, in each case, substantially identical in all material respects to the First-Priority Notes and the related First-Priority Guarantees (except that the new debt securities will not be subject to restrictions on transfer or to any increase in interest rate) to be issued under the First Lien Indenture in connection with sales or exchanges effected pursuant to this Agreement.
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