New Second-Priority Securities

Example Definitions of "New Second-Priority Securities"
New Second-Priority Securities. Shall mean debt securities of the Issuers and second-priority guarantees by the Subsidiary Guarantors, in each case, substantially identical in all material respects to the Second-Priority Notes and the related Second-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 Second Lien Indenture in connection with sales or exchanges effected pursuant to this Agreement.
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