Junior Credit Agreement definition

Junior Credit Agreement has the meaning set forth in the Recitals.
Junior Credit Agreement means that certain Loan Agreement dated as of September 30, 2004, by and among Borrower, Junior Agent and Junior Lenders, as amended, extended, renewed or restated from time to time as permitted under this Agreement and the Senior Credit Agreement.
Junior Credit Agreement means (a) in respect of the Term Loan First Lien Collateral, the ABL Credit Agreement, and (b) in respect of the ABL First Lien Collateral, the Term Loan Credit Agreement.

Examples of Junior Credit Agreement in a sentence

  • Notwithstanding anything to the contrary herein, the Borrower will not enter into, modify, amend, refinance, supplement, increase, restate or waive any right (including consenting to any assignment) or obligation under, the Junior Credit Agreement or any other Junior Loan Document (each, a “Junior Modification”), without the prior written consent of the Administrative Agent if such Junior Modification would violate any provision of the Intercreditor Agreement.


More Definitions of Junior Credit Agreement

Junior Credit Agreement means the Second Lien Term Loan Credit Agreement, dated as of the Sixth Amendment Effective Date, by and among Horizon Global Corporation, the several banks and other financial institutions or entities from time to time party thereto and Cortland Capital Market Services LLC, as Administrative Agent.
Junior Credit Agreement shall have the meaning set forth in the recitals.
Junior Credit Agreement means that certain Term Loan Credit Agreement dated as of March, 15, 2019, as amended, restated, amended and restated, supplemented, increased or otherwise modified, refinanced or replaced from time to time, the Borrower, the lenders party thereto, and Cortland Capital Market Services LLC, as administrative agent and as collateral agent.
Junior Credit Agreement shall be deemed to refer to the Existing Second Lien Credit Agreement, as amended by the Second Lien Amendment.
Junior Credit Agreement means that certain Amended and Restated Credit Agreement, dated as of the date of the Agreement, among Parent and Mxxxxx Industries Towing Equipment, Inc., as borrowers, the domestic Subsidiaries of Parent, as guarantors, the Junior Creditors, and the Junior Creditors’ Agent.
Junior Credit Agreement means that certain Credit Agreement dated as of the Second Amendment Closing Date, among Borrowers, Guarantors and ORIX Finance Corp., in form and substance acceptable to Agent in its sole discretion, as it may be amended, restated, or refinanced from time to time thereafter (but only to the extent that such amendments, restatements or refinancings are permitted under the Term B Subordination Agreement).
Junior Credit Agreement means a credit agreement between the Borrower and the other parties thereto that provides for loans to the Borrower that are unsecured, which credit agreement and all other documentation related thereto are approved in writing by the Initial Lenders, and as to which the following conditions are satisfied: (a) such credit agreement and related loan documents shall not be more restrictive on the Borrower and its Subsidiaries than the terms of the Loan Documents, (b) the maturity date of the loans thereunder shall not be earlier than the date that is six months after the Scheduled Maturity Date, (c) the loans thereunder shall not be subject to amortization or mandatory prepayment, and (d) the indebtedness thereunder shall be subordinated in right of payment to the Obligations of the Loan Parties under the Loan Documents on terms and conditions no less favorable to the Lenders and the other Secured Parties than the subordination provisions customarily contained in high-yield debt securities or on terms otherwise specified by the Required Lenders.