Existing Subordinated Obligations means, collectively the $150,000,000 Senior Subordinated Notes of Mandalay issued pursuant to the Indenture dated July 21, 1993 between Mandalay (under its former name, Circus Circus Enterprises, Inc.) and First Interstate Bank of Nevada, N.A. (to which Bank of New York Mellon Trust Company, N.A., is now successor in interest), as Trustee.
Existing Subordinated Obligations. (i) the $135,000,000 8.75% Senior Subordinated Notes due 2013 of the Borrower issued pursuant to the First Supplemental Indenture dated as of September 25, 2003 among the Borrower, the initial guarantors referred to therein, and Bank of New York Trust Company, as Trustee, as amended from time to time, and (ii) the $300,000,000 8.25% Senior Subordinated Notes due 2012 of the Borrower issued pursuant to the Indenture dated as of March 15, 2004 among the Borrower, the initial guarantors referred to therein, and Bank of New York Trust Company, as Trustee, as amended from time to time.
Existing Subordinated Obligations means the obligations of the Borrower to (i) certain existing subordinated notes, the holders of which entered into that certain intercreditor and subordination agreement dated as of August 2, 2005 among the Borrower, the Subsidiaries, the Senior Agent and Fortress Credit Corp. (as senior lender) and (ii) certain existing subordinated notes, the holders of which entered into that certain intercreditor and subordination agreement dated as of October 26, 2005 among the Borrower, the Subsidiaries, the Senior Agent and Fortress Credit Corp. (as senior lender).
Examples of Existing Subordinated Obligations in a sentence
Written notice shall have been delivered to each holder of the Existing Subordinated Obligations of the amount of the Loan hereunder.
Upon the Closing, the Old Debt Agreements shall be superseded by this Agreement, the New Subordinated Note Indenture and (to the extent applicable) the other Restructuring Documents and shall be of no further force and effect (provided that the Existing Subordinated Obligations shall have been renewed, extended and otherwise satisfied pursuant to subsections 3.2(a) and (b)).
Upon an Event of Default or Events of Default, such Event of Default or Events of Default may be waived, but only: (i) with respect to the Senior Lenders, by the holders of a majority of the Senior Obligations outstanding on the date thereof, or (ii) with respect to the Existing Subordinated Lenders, by the holders of a majority of the aggregate principal amount of the Existing Subordinated Obligations outstanding on the date thereof.
More Definitions of Existing Subordinated Obligations
Existing Subordinated Obligations means, collectively, Existing MGM MIRAGE Subordinated Obligations and, upon and after the Closing Date, the Existing Mandalay Subordinated Obligations.
Existing Subordinated Obligations means, collectively (a) Borrower’s $400,000,000 8 3/8% senior subordinated notes due 2011 issued pursuant to the Indenture dated as of January 23, 0000 xxxxxxx Xxxxxxxx xxx Xxxxxx Xxxxxx Trust Company of New York (to which The Bank of New York is now successor in interest), as Trustee, and (b) the $150,000,000 Senior Subordinated Notes of Mandalay issued pursuant to the Indenture dated July 21, 1993 between Mandalay (under its former name, Circus Circus Enterprises, Inc.) and First Interstate Bank of Nevada, N.A. (to which Xxxxx Fargo Bank, N.A., is now successor in interest), as Trustee.
Existing Subordinated Obligations means the amounts set forth on Exhibit I hereto.
Existing Subordinated Obligations means, collectively, (a) the Borrower's $710,000,000 of 9 3/4 % senior subordinated notes due 2007, issued pursuant to the Indenture dated as of May 31, 2000 between the Borrower and The Bank of New York, as Trustee, and (b) the Borrower' $400,000,000 of 8 3/8% senior subordinated notes due 2011 issued pursuant to the Indenture dated as of January 23, 0000 xxxxxxx xxx Xxxxxxxx xxx Xxxxxx Xxxxxx Trust Company of New York, as Trustee.
Existing Subordinated Obligations means an undivided 67% interest of the Existing Obligations pro rata among all Existing Lenders.
Existing Subordinated Obligations means, collectively (a) Borrower's $710,000,000 9 3/4% senior subordinated notes due 2007, issued pursuant to the Indenture dated as of May 31, 2000 between Borrower (under its former name, MGM Grand, Inc.) and The Bank of New York, as Trustee, (b) Borrower's $400,000,000 8 3/8% senior subordinated notes due 2011 issued pursuant to the Indenture dated as of January 23, 0000 xxxxxxx Xxxxxxxx xxx Xxxxxx Xxxxxx Trust Company of New York (to which The Bank of New York is now successor in interest), as Trustee, (c) Mandalay's $500,000,000 10.25% senior subordinated notes due 2007 issued pursuant to the Indenture dated as of July 24, 2000 between Mandalay and The Bank of New York, as Trustee, of which $492,233,000 remains outstanding (d) Mandalay's $300,000,000 9.375% senior subordinated notes due 2010 issued pursuant to the Indenture dated December 20, 2001 between Mandalay and The Bank of New York, as Trustee, of which $297,556,000 remains outstanding and (e) the $150,000,000 Senior Subordinated Notes of Mandalay issued pursuant to the Indenture dated July 21, 1993 between Mandalay (under its former name, Circus Circus Enterprises, Inc.) and First Interstate Bank of Nevada, N.A. (to which Xxxxx Fargo Bank, N.A., is now successor in interest), as Trustee.
Existing Subordinated Obligations means, collectively, (a) the $125,000,000 9.5% Senior Subordinated Notes due 2007 of Borrower (under its former name, Hollywood Park, Inc.) and Hollywood Park Operating Company issued pursuant to the Indenture dated as of August 1, 1997 among Borrower, Hollywood Park Operating Company, the initial guarantors referred to therein, and The Bank of New York, as Trustee, as amended from time to time, and (b) the $350,000,000 9.25% Senior Subordinated Notes due 2007 of Borrower issued pursuant to the Indenture dated as of February 18, 1998 among Borrower (under its former name), the initial guarantors referred to therein, and The Bank of New York, as Trustee, as amended from time to time.