Additional Secured Indebtedness definition

Additional Secured Indebtedness means any Debt (including any guarantee thereof) other than the Notes, the Existing Secured Notes and Additional First Lien Indebtedness, secured by Liens on the Collateral.

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Additional Secured Indebtedness as of any date of determination, principal amount of secured (including on a first-priority basis) Indebtedness (other than Indebtedness described in clauses (a) through (r) (inclusive) and (u) of the definition of “Permitted Indebtedness”) of the Covered Group Members and Holdco in an aggregate amount in excess of $6,000,000,000 (including, without limitation, Structured Financing), provided that, (i) on the date such Indebtedness is incurred, the Consolidated Leverage Ratio shall be less than 3.00 to 1.00 after giving pro forma effect to the incurrence of such Indebtedness, (ii) a portion of the Net Cash Proceeds of such Indebtedness (other than revolving credit loans) are used to prepay the Loans in accordance with Section 2.5(a), (iii) the aggregate amount of commitments under revolving credit facilities, if any, together with any revolving credit facilities constituting Excluded Secured Indebtedness, shall not exceed $4,000,000,000, (iv) with respect to any revolving credit facility, the amount of Indebtedness thereunder for the purpose of determining compliance with clauses (i) and (iii) of this definition shall equal the commitment thereunder and (v) if any Loan Party is an obligor or guarantor under such Indebtedness, the lenders party thereto (or an agent on behalf of such lenders) shall have executed and delivered an intercreditor agreement in form and substance reasonably satisfactory to the Lender, which may be an amendment, restatement, modification or supplement to the Intercreditor Agreement.

Additional Secured Indebtedness shall have the meaning assigned to such term in Section 6.02(q).

Examples of Additional Secured Indebtedness in a sentence

Notwithstanding the foregoing, the Administrative Agent and the Loan Parties may amend the Security Documents (without the consent of any other Person) in order to (i) effectuate the release or subordination of the Fixed Assets upon the occurrence of the Fixed Asset Release Event and (ii) add assets as Collateral to the extent such assets secure any Permitted Additional Secured Indebtedness and did not previously secure the Secured Obligations.
It is the intention of the parties that the Debtholder Obligations shall be identical and equal, but alternative to the obligations of Pledgor to the holders of the Notes and to the holders of Additional Secured Indebtedness under their respective Secured Instruments.
It is the intention of the parties that the Debtholder Obligations shall be identical and equal, but alternative to the obligations of the Pledgors to the holders of the Notes and to the holders of Additional Secured Indebtedness under their respective Secured Instruments.
For so long as any Permitted Additional Secured Indebtedness is outstanding, the delivery of any Permitted Additional Secured Indebtedness Priority Collateral to the agent, trustee or representative acting on behalf of the Permitted Additional Secured Indebtedness pursuant to the Permitted Additional Secured Indebtedness Documents shall satisfy any delivery requirement hereunder or under any other Loan Document.
It is the intention of the parties that the Debtholder Obligations shall be identical and equal to, but alternative to, the obligations of each Assignor to the holders of the Notes and to the holders of Additional Secured Indebtedness under their respective Secured Instruments.

More Definitions of Additional Secured Indebtedness

Additional Secured Indebtedness means Indebtedness of the Loan Parties permitted to be incurred under Section 6.01(j).

Additional Secured Indebtedness has the meaning assigned to that term in subsection 7.1(xv).

Additional Secured Indebtedness has the meaning assigned to it in Section 5.10(f).

Additional Secured Indebtedness has the meaning set forth in Section 2.23 (Additional Secured Indebtedness).

Additional Secured Indebtedness means any Debt (including any guarantee thereof) other than the Notes, Additional First Lien Indebtedness, Second Lien Notes and Additional Second Lien Indebtedness secured by Liens on the Collateral.

Additional Secured Indebtedness means Indebtedness issued by the Borrower or any of its Restricted Subsidiaries and secured by any Lien on any asset or property of the Borrower or any of its Restricted Subsidiaries (which such Lien is either pari passu or subordinated to the Liens pursuant to the Loan Documents), the terms of such secured Indebtedness of which are acceptable to the Administrative Agent and having terms consistent with, but not limited to, the following: (a) none of the maturity date, any scheduled payment of principal or any obligation to repurchase or prepay such Indebtedness (whether absolute or at the option of the holder (other than as a result of the occurrence of a specified event as agreed to by the Administrative Agent that would constitute an Event of Default)) occurs for at least six months following the later of (i) October 3, 2012 and (ii) the Term Loan Maturity Date; (b) the terms of such Indebtedness contain no financial maintenance covenants or other covenants or any other terms or conditions that, taken as a whole, are more restrictive than the covenants, terms and restrictions contained in this Agreement and the other applicable Loan Documents; and (c) on or prior to the date of incurrence thereof, the Borrower has delivered to the Administrative Agent a Compliance Certificate demonstrating compliance (calculated on a pro forma basis in accordance with Article I, as applicable), giving effect to the incurrence of such Indebtedness, with the financial covenants set forth in Sections 8.12(a) and (b).

Additional Secured Indebtedness means non-recourse indebtedness of the Borrower secured by Project Loans that are not collateral under the terms of the Revolving Credit Agreement.