Existing Senior Creditors definition

Existing Senior Creditors means the Existing Notes Creditors and the Existing RCF Lenders.
Existing Senior Creditors means the Existing RCF Lenders, the Existing 2018 Noteholders, the Existing 2020 Noteholders and the Existing 2022 Noteholders.
Existing Senior Creditors means the Existing Note Creditors and the Existing RCF Lenders.

Examples of Existing Senior Creditors in a sentence

  • As set out in the restructuring term sheet annexed to the Restructuring Support Agreement (the Restructuring Term Sheet), it is anticipated that all Existing Senior Creditors (as defined in the Restructuring Term Sheet) will have the opportunity to take exposure in relation to the Facilities.

  • Existing Senior Creditors will not participate in the Facilities directly, or be party to the Facility Agreement, but each Existing Senior Creditor will indirectly participate through a Participant which it selects and which agrees to be a Participant on behalf of that Existing Senior Creditor.

  • For the avoidance of doubt, it is clarified that if any HoldCos/SPV(s) have any outstanding Permitted Other Obligor Indebtedness owed to Existing Senior Creditors, the said amounts with respect to the Issuer Loans, shall be credited to the Escrow Account in accordance with the cashflow waterfall agreed by such HoldCo(s) and/ or SPV(s) with such Existing Senior Creditors.

  • Until so delivered, such payment or distribution shall be held in trust by such Existing Senior Creditor for the benefit of all of the Existing Senior Creditors, segregated from other funds and property held by such Existing Senior Creditor.

  • On the Restructuring Effective Date, 70% of the equity of New Noble will be held by Existing Senior Creditors (through the Senior Creditor SPV).

  • For purposes hereof, an Existing Senior Creditor that is not a LIFO Lender shall nonetheless be deemed to be a "Participating Senior Creditor" if the aggregate LIFO Commitment Percentages of such Existing Senior Creditor and any of its affiliates equals the aggregate Existing Senior Creditor Percentages of such affiliated Existing Senior Creditors.


More Definitions of Existing Senior Creditors

Existing Senior Creditors who participate in the Facility (the "Risk Participants") will sub- participate in the participations of the Prime Broker Participants through sub-participations (each a "Sub-Participation"). Each member of the TradingCo Group will provide a counter-indemnity to: (1) the Participants in respect of any claim made on an SBLC or cash provided by the Cash SPV (the "Participant Counter Indemnities"), and (2) the Risk Participants in respect of any claim made by a Prime Broker Participant under the Sub-Participations (the "Risk Participant Counter Indemnities"), The Trade-Specific Security, the General Security (as defined in the TFF Term Sheet1) and the Borrower Cash Collateral will secure the obligations of the TradingCo Group under or in respect of (1) the Trade Finance Facility, (2) the Hedging Support Facility, (3) the Participant Counter Indemnities, (4) the Risk Participant Counter Indemnities, and (5) the TradingCo Bonds (together the "TradingCo Liabilities"). Assets held by Trading Co for the benefit of Asset Co pursuant to the Business Separation will be carved out of the General Security and intercreditor arrangements with respect to those assets and any security granted over them by Trading Co will be entered into on the terms provided for in the Business Separation Term Sheets. The "instructing group" with respect to the Trade-Specific Security and the General Security will be (1) the Fronting Banks at any time while any amount payable to them is overdue or they are not cash collateralised in accordance with these terms, or (2) otherwise (a) the holders of the TradingCo Bonds or, (b) if any amount is unpaid under the Participations, the Majority Participants. The other creditors with respect to the TradingCo Liabilities will be subject to a standstill period of 179 days. The proceeds from the enforcement of the Trade-Specific Security and the General Security will be applied in the following order of priority:
Existing Senior Creditors the Existing Banks and the Senior Noteholders.
Existing Senior Creditors means the senior creditors (which are not related parties) of:

Related to Existing Senior Creditors

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Senior Bank Debt means all Obligations outstanding under or in connection with the Credit Agreement (including Guarantees of such Obligations by Subsidiaries of the Company).

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • Senior Lender means each holder of a Senior Note.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.