Borrower Secured Debt definition

Borrower Secured Debt has the meaning specified in the definition of “Reference Ratings”.
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Borrower Secured Debt means any financial accommodation pursuant to an Authorised Credit Facility that is, for the purposes of the Borrower STID, treated as Borrower Secured Debt and includes the Borrower Security Group’s liabilities under:
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Examples of Borrower Secured Debt in a sentence

  • An Obligor draws down under a Borrower Liquidity Facility (excluding any drawing or repayment of any Standby Drawing) or withdraws sums credited to a Debt Service Reserve Account, respectively, or a Borrower Liquidity Standby Account, if the withdrawal of such amount is for the purposes of making scheduled debt service payments on the Borrower Secured Debt.

  • If any Borrower Secured Debt is outstanding, then, immediately upon notification to the Borrower Security Trustee of an Event of Default occurring (other than an Event of Default as defined in any Borrower Hedging Agreement with respect to a Borrower Hedge Counterparty) in accordance with Clause 18 (Notification of Default), a Standstill Period will commence (unless one is already in existence) and the provisions of this Clause 19 shall apply.

  • In determining what Security will be provided in support of the Borrower Secured Debt, the following matters will be taken into account.

Related to Borrower Secured Debt

  • Secured Debt means Debt of the Company or its Subsidiaries secured by an Encumbrance on the property of the Company or its Subsidiaries.

  • Senior Secured Indebtedness means any Indebtedness of Holdings, the Borrower and its Restricted Subsidiaries that is secured by a Lien on any asset of Holdings, the Borrower or any of its Restricted Subsidiaries (other than Liens permitted pursuant to Section 7.01 on assets not constituting Collateral).

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).