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.
Permit the Senior Secured Leverage Ratio at any time, measured quarterly, to be greater than (a) 2.50 to 1.00 from the date of incurrence of any Permitted Additional Senior Indebtedness through the day before the end of Borrower’s 2011 Fiscal Year; and (b) 2.00 to 1.00 thereafter.
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.
Further, the additional Swap Agreements will be allowed under the CTA Clause 11.4.8 (ii) and will constitute "Additional Senior Indebtedness" under this Clause.
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.