Junior Loans definition

Junior Loans means the loans made pursuant to the Junior Loan Agreement and “Junior Loan” means any one of them.

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Junior Loans means the collective reference to the 10.625% Tranche Loans and the 9.75% Tranche Loans.

Junior Loans means the “Junior Loans” as defined in the DIP Term Loan Agreement as in effect on the Effective Date.

Examples of Junior Loans in a sentence

• Such Purchasing Holders may not close the purchase of the Senior Loan or any Optioned Junior Loan, as the case may be, without concurrently closing the purchase of the applicable Senior Junior Loans or the applicable Additional Covered Junior Loan(s), respectively.

• Each Purchasing Holder shall promptly, but in any event within one (1) Business Day, make its determination of whether to participate in the purchase of the Senior Loan or any Optional Junior Loan(s), as applicable, after receipt of any of the foregoing notices of such purchase options from the Servicer.

• If any Purchasing Holder fails to deliver its pro rata share of the Total Purchase Price within such seven (7) Business Day period, in accordance with terms of this Section 5, then such Holder shall cease to have any right to purchase either the Senior Loan together with the Senior Junior Loans, or the Optioned Junior Loan together with the Additional Covered Junior Loan(s), as applicable, in connection with the applicable Purchase Option Event.

• Subject to the terms and conditions set forth herein each Junior Loan Lender agrees, severally and not jointly, that the outstanding Junior Loans (as defined in the Existing DIP Term Loan Agreement) immediately prior to giving effect to this Agreement in an amount equal to the amount set forth opposite such Junior Loan Lender’s name on Schedule 2.01(b) hereto are hereby exchanged for Junior Loans and deemed borrowed hereunder (the “Junior Loans”).

• Senior Lender agrees that none of the Junior Lenders owes any fiduciary duty to Senior Lender in connection with the administration of the Junior Loans and the Junior Loan Documents and Senior Lender agrees not to assert any such claim.

• Immediately upon receipt by the Company or any Restricted Subsidiary of the Net Cash Proceeds of (x) any Debt Issuance or (y) any Refinancing Notes, any Specified Refinancing Term Loans or any Refinancing Junior Loans, the Borrowers shall prepay the Term Loans (in the case of clause (y), only the Term Loans being refinanced or replaced) in an aggregate amount equal to 100% of such Net Cash Proceeds.

• A Subordinate Junior Lender may not close the purchase of the Senior Loan without concurrently closing the purchase of the applicable Senior Junior Loans in accordance with the terms of this paragraph.

• The relative priorities of the First Lien First Out Loans, the First Lien Last OutNew Money Loans and the Junior Loans shall be as set forth in the DIP Order and Section 6.02.

• The Members, with Manager Approval, may determine to make a distribution from available cash or cash equivalents received from one or more Investments (whether from principal repayment or otherwise and after reduction as provided by Section 5.3 and Section 5.4), in which event such distribution shall be shared among the Members in respect of their interests in the Company and Junior Loans in proportion to their respective Capital Accounts.

• Notwithstanding anything to the contrary contained in this clause (m), any resizing to be effectuated pursuant to this clause (m) shall only affect those of the Junior Loans which at such time continue to be owned by the originating Junior Lender (and originating Junior Noteholders) of each such Junior Loan.

More Definitions of Junior Loans

Junior Loans means the loans made by the Junior Loan Participants to the Borrower to finance the Aircraft pursuant to the terms of Section 2.02 of the Mortgage, and outstanding from time to time under the Mortgage.

Junior Loans as used in this Agreement shall include any and all indebtedness, liabilities and obligations of any of the Borrower Parties to the Chateau Parties (or to any affiliate of the Chateau Parties), absolute or contingent, direct or indirect, joint, several or independent, now outstanding or owing or which may hereafter be existing or incurred arising by operation of law or otherwise, due or to become due, or which arise out of the Junior Loan Documents or are in any way secured by the Properties, but excluding any obligation of any of the Borrower Parties to pay to the Chateau Parties any advisory, consulting, accounting administration, management or similar fee relating to the Properties or to reimburse the Chateau Parties for payroll, insurance or other expenses paid by the Chateau Parties on behalf of any Borrower Party and relating to the Properties (all such fees and obligations being referred to herein as "Affiliate Expenses"). The term "Chateau Parties" shall also include the Chateau Parties, acting in their capacity as authorized agent for any affiliate of the Chateau Parties that holds any Junior Loan or that holds any rights under any Junior Loan Document. As used herein, the term "Junior Obligations" shall mean, collectively, the Junior Loans and the Affiliate Expenses.

Junior Loans means all Indebtedness, obligations and liabilities under or relating to the Junior Notes.

Junior Loans shall have the meaning provided in the second recital.