Existing Senior Loan definition

Existing Senior Loan means a Senior Loan directly or indirectly encumbering the applicable Property on the date hereof, all as set forth on Schedule 9.15.6 hereto.
Sample 1Sample 2
Existing Senior Loan means the loan pursuant to the Existing Senior Loan Agreement.
Sample 1Sample 2Sample 3
Existing Senior Loan means the mortgage loan in the aggregate amount of $140,000,000 entered into pursuant to the Loan and Security Agreement dated as of September 1, 2006 between SHR Scottsdale X, L.L.C. and SHR Scottsdale Y, L.L.C., as borrower and Citigroup Global Markets Realty Corp., as lender, as heretofore amended, including without limitation by the Amendment to Mortgage Loan and Security Agreement dated as of May 9, 2007 between SHR Scottsdale, L.L.C., as borrower and Citigroup Global Markets Realty Corp., as lender, as amended by that certain Restructuring Agreement dated as of June 9, 2011 and as assigned to FSP Hotel Owner and FSP Operating Lessee pursuant to that certain Assumption Agreement dated as of June 9, 2011.
Sample 1

Examples of Existing Senior Loan in a sentence

  • No MARC Entity or Affiliate thereof owns, directly or indirectly, any material interest in any Existing Senior Loan.

  • Funds for (i) refinancing of the Existing Senior Loan, (ii) repayment of the Intercompany Loan, and (iii) payment of all fees, expenses and costs payable or incurred with respect to (i) or (ii).

  • Except as noted on Schedule 9.15.6, no notice of default thereunder has been sent or received by a MARC Entity which has not been cured or waived prior to the date hereof, and to the Knowledge of the MARC Principals, there does not exist with respect to any Existing Senior Loan any default by any Property Owners or any event (exclusive of the transaction contemplated by this Agreement) which merely with notice or lapse of time or both, would constitute such a default by any of the Property Owners.

  • Persons who violate this code shall be subject to the following penalties:• Visitors – Their authorization, if any, to remain on school grounds or at the school function shall be withdrawn and they shall be directed to leave the premises.

  • Upper Holdings indirectly beneficially owns all of the issued and outstanding Equity Securities of Buyer free and clear of any Liens (other than transfer restrictions arising under applicable securities Laws or pursuant to the Existing Senior Loan Agreement or any Third Party Debt Financing).

  • The Loans will be subordinate, without any further action being required on the part of the Borrower or the First Union Lender, to Senior Loans on terms not substantially more onerous to the Borrower than the Existing Senior Loan.

  • The transactions to be consummated on the applicable Loan Advance Date will not create a breach or default of any agreement, rule, regulation, or ordinance to which a MARC Principal, a MARC Borrower or First Union is party or subject unless the necessary consents have been obtained or waived, except for any breach or default under an Existing Senior Loan caused solely by the transactions contemplated hereby, which are hereby waived by First Union.

  • Upper Holdings will directly or indirectly beneficially own as of the Closing all of the issued and outstanding Equity Securities of the UK Local Buyer, free and clear of any Liens, except (i) restrictions on transfer arising under applicable securities Laws or (ii) pursuant to the Existing Senior Loan Agreement or any Third Party Debt Financing.

  • An act might give rise to a cause of action in one set of circumstances but not in another.

  • Increased or decreased, as the case may be, to the extent that on the Initial Closing Date the outstanding principal balance on the Existing Senior Loan for the applicable Group A Property is less or more than the amount of set forth on Schedule 9.15.6 hereto for such Group A Property.


More Definitions of Existing Senior Loan

Existing Senior Loan means the USD 261,600,000 term loan and revolving credit facility incurred under the senior facilities agreement originally dated 3 October 2013, between, inter alios, NES Global Talent Finance US LLC as borrower, Credit Suisse AG, Cayman Islands Branch as agent and the financial institutions thereunder as lenders (as amended, supplemented and/or restated from time to time).
Sample 1

Related to Existing Senior Loan

  • Existing Senior Notes means the Existing 2020 Senior Notes and the Existing 2021 Senior Notes, collectively.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • Existing Security Agreement has the meaning set forth in the recitals hereto.

  • 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.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • 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.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Existing Loan means the loan identified on Exhibit H.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Original Loan Agreement has the meaning set forth in the recitals hereto.

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness incurred by the Borrower in the form of one or more series of second lien (or other junior lien) secured notes or debentures or second lien (or other junior lien) secured loans; provided that (i) such Indebtedness is secured by all or a portion of the Collateral on a second priority (or other junior priority) basis to the Liens securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (iii) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or the Collateral Agent shall be party to a Customary Intercreditor Agreement, and (iv) such Indebtedness is not at any time guaranteed by any Subsidiaries of the Borrower other than Subsidiaries that are Guarantors.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.

  • Existing Indebtedness means Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.