The Unsecured Debt Documents shall have been executed and delivered and Unsecured Debt Lender shall have funded to Borrower the Unsecured Debt and the Borrower, Unsecured Debt Lender and Lender shall have executed and delivered an Unsecured Subordination and Standstill Agreement acceptable to Lender.
Unsecured Debt means Debt which is not secured by any of the properties of the Company or any Subsidiary.
Secured Debt means Debt of the Company or its Subsidiaries secured by an Encumbrance on the property of the Company or its Subsidiaries.
Secured Indebtedness means any Indebtedness secured by a Lien.
Consolidated Senior Secured Debt Ratio as of the last day of any period of four consecutive Fiscal Quarters, the ratio of (a) Consolidated Senior Secured Debt on such day to (b) Consolidated EBITDA for such period.
Consolidated Indebtedness means at any time all Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.