Common use of Senior Debt Defined Clause in Contracts

Senior Debt Defined. As used herein, the term "Senior Debt" shall mean the following whether now outstanding or subsequently incurred, assumed or created: (a) all indebtedness (whether or not secured) of the Company or its subsidiaries to banks, insurance companies or other financial institutions regularly engaged in the business of lending money, including without limitation, the indebtedness now or hereafter owing to (i) IBJ Whitehall Retail Finance and each of the other Lenders, as set forth and defined in a certain Loan Agreement dated September 11, 2000 entered into with the Company, and (ii) Hilco Capital, LP; (b) such other indebtedness of the Company or its subsidiaries to the extent that the instrument creating or evidencing such indebtedness provides that it shall constitute Senior Debt; (c) any indebtedness issued in exchange for such Senior Debt, or any indebtedness arising from the satisfaction of such Senior Debt by a guarantor; and (d) any deferrals, renewals, or extensions of any such Senior Debt.