Additional Senior Indebtedness definition

Additional Senior Indebtedness means Indebtedness of the Borrower for borrowed money incurred after the Closing Date and ranking pari passu in right of payment with all other Senior Debt.

Additional Senior Indebtedness means Indebtedness of the Company or the Partnership for borrowed money ranking pari passu in right of payment with the Senior Debt. For the avoidance of doubt, any indebtedness incurred in respect of an Expansion and described in the proviso to the definition of Indebtedness shall not constitute Additional Senior Indebtedness until such time as it constitutes Indebtedness in accordance with the definition thereof and the Completion Guaranty in respect of such Expansion has been released.

Additional Senior Indebtedness means Indebtedness owing by any Related Person, excluding (a) the Obligations, (b) Subordinated Indebtedness, (c) Intercompany Indebtedness, (d) Indebtedness arising under Derivative Contracts, (e) Indebtedness in respect of Permitted Production Payments, (f) Non-Recourse Indebtedness, and (g) guaranties in respect of any of the foregoing.

Examples of Additional Senior Indebtedness in a sentence

• Each Related Person will take all actions necessary to avoid becoming obligated to make any unscheduled payment on any Additional Senior Indebtedness in violation of the preceding sentence.

• No Related Person will make any unscheduled payment (as defined in the immediately preceding subsection (b)) on any Additional Senior Indebtedness at any time when a Borrowing Base Deficiency or Default exists (unless immediately after the making of such unscheduled payment no Borrowing Base Deficiency or Default will exist) or if such incurrence would cause any Borrowing Base Deficiency or Default to exist.

• Any covenants contained in agreements evidencing Permitted Additional Senior Indebtedness which are more restrictive to the Loan Parties than the covenants contained herein as determined by the Agent shall be incorporated by reference herein.

• On the date hereof, no Related Person has any Permitted Priority Senior Indebtedness, other Additional Senior Indebtedness, Subordinated Indebtedness, Permitted Subordinated Trust Indebtedness, Allowed Puts or Non-Recourse Indebtedness, and no Forward Sales/Production Payments exist or Permitted Preferred Trust Securities are outstanding, except as listed in the Disclosure Schedule.

• The terms and provisions of this Agreement shall be for the sole benefit of the Bank Parties, the Noteholders, the Synthetic Lease Investor, the Synthetic Lease Financers, and the holder of any Additional Senior Indebtedness which hereafter becomes a party to this Agreement by executing a joinder agreement in form and substance acceptable to the Secured Creditors, and the respective successors and assigns of the foregoing parties.

More Definitions of Additional Senior Indebtedness

Additional Senior Indebtedness means Indebtedness of the Borrower incurred after the Closing Date which is secured on a pari passu basis by the Collateral (as defined in the Pledge Agreement).

Additional Senior Indebtedness means Indebtedness of the Issuer for borrowed money Incurred after the Initial Closing Date and ranking pari passu in right of payment with all other Senior Debt.

Additional Senior Indebtedness means Indebtedness or Obligations of one or more of the Grantors (other than Senior Claims contemplated by clause (i) or clause (iii) of the definition of “Senior Claims”) that is to be secured by the Senior Collateral (or any portion thereof) on a pari passu basis (but without regard to control of remedies) with the other Senior Claims and which is so designated by the Parent at the time of incurrence thereof as Additional Senior Indebtedness hereunder; provided, however, that (i) as of the date of incurring such Indebtedness or Obligations, it is permitted to be incurred, secured and guaranteed on such basis by each then existing Senior Documents and (ii) any agent or trustee for the holders of such Indebtedness or Obligations shall have become party to this Agreement as a Senior Agent or, in the absence of such agent or trustee, such holders shall have become party to this Agreement, in each case pursuant to, and by satisfying the conditions set forth in, Section 8.3(c) hereof.

Additional Senior Indebtedness has the meaning assigned to such term in the Pari Passu Intercreditor Agreement.

Additional Senior Indebtedness means secured indebtedness of the Company incurred after the date of this Agreement which ranks pari passu and of equal priority in right of payment and lien priority with the other Outstanding Obligations and the aggregate outstanding principal amount of which does not exceed the sum of (i) $25,000,000 and (ii) an amount, not to exceed $15,000,000, equal to the aggregate amount of principal payments made by the Company in respect of the Term Loan (as defined in the Bank Loan Agreement) and the Senior Notes; provided, however, that any increase in the commitments under the Bank Loan Agreement shall reduce, dollar for dollar, the amount determined under subclause (ii) above.

Additional Senior Indebtedness shall have the meaning set forth in Section 6.2(a)(2).

Additional Senior Indebtedness shall have the mexxxxx xet forth in Section 2.04. Any Alcatel Loans made under or pursuant to the Alcatel Commitment Letter (or any credit or similar agreement in connection therewith) constitute Additional Senior Indebtedness, but shall be permitted as provided in Section 6.04 (a) without compliance with the provisions of Section 6.04(d).