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

  • The examination shows that Lehman’s pricing models,1028 on average, predicted a higher spread than the average selling Lehman, Junior Loans Pricing Summary (Aug.

  • 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.

  • The Junior Loans shall bear interest at the Junior Loan Interest Rate payable quarterly in arrears on each Interest Payment Date and shall be calculated on the basis of a year of 360 days and actual number of days elapsed.

  • All funding sources for the Project, including any and all Junior Loans and any and all tax credit equity capital contributions, shall be deposited with Bank into an account pledged to Bank for disbursing in accordance with the Loan Documents.

  • 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.


More Definitions of Junior Loans

Junior Loans means the collective reference to the 10.625% Tranche Loans and the 9.75% Tranche Loans.
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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.
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Junior Loans means all Indebtedness, obligations and liabilities under or relating to the Junior Notes.
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Junior Loans shall have the meaning provided in the second recital.
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Related to Junior Loans

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

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

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

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

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Revolving Loans as defined in Section 2.4(a).

  • Mezzanine Loans means, individually or collectively, as the context may require, the First Mezzanine Loan and the Second Mezzanine Loan, and each of the First Mezzanine Loan and/or the Second Mezzanine Loan, individually, a “Mezzanine Loan”.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Permitted Loans means:

  • New Revolving Loans as defined in Section 2.25.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.