Junior Note Obligations definition

Junior Note Obligations means, as of any date, the Obligations, to the extent owing to the Junior Indenture Trustee and the Junior Noteholders under the Junior Indenture and the Junior Notes (and the guarantees thereof).
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Junior Note Obligations has the meaning given to it under the ABL Intercreditor Agreement.
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Junior Note Obligations means (a) all [Obligations] (as defined in the Junior Secured Note Agreement), and all other amounts owing, due, or secured under the terms of the Junior Secured Note Agreement or any other Junior Note Document, whether now existing or arising hereafter, including all principal, premium, interest, fees, attorneys’ fees, costs, charges, expenses, reimbursement obligations, obligations with respect to loans, indemnities or guarantees, and all other amounts payable under or secured by any Junior Note Document (including, in each case, all amounts accruing on or after the commencement of any Insolvency or Liquidation Proceeding relating to any Grantor, or that would have accrued or become due under the terms of the Junior Note Documents but for the commencement of the Insolvency or Liquidation Proceeding), in each case, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured, including all Enforcement Expenses and Indemnity Amounts and (b) all Additional Junior Note Obligations.
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Examples of Junior Note Obligations in a sentence

  • The Security Interest granted herein shall constitute (i) a first priority security interest and Lien securing the Credit Agreement Obligations, (ii) a second priority security interest and Lien securing the Senior Note Obligations, and (iii) a third priority security interest and Lien securing the Junior Note Obligations.

  • Notwithstanding anything to the contrary in this Agreement, the priorities of any Liens on the Note Priority Collateral securing the Senior Note Obligations and the Junior Note Obligations, as between them, shall be governed by and subject to the Notes Intercreditor Agreement.

  • Subject to the terms and conditions of this Agreement and each Financing Document, the Obligors will be permitted from time to time to designate as an additional holder of Senior Note Obligations and/or Junior Note Obligations hereunder each Person that is, or that becomes or is to become, the holder of any Additional Note Obligations (or the Additional Note Obligations Agent in respect of such Additional Note Obligations).

  • Nothing in this Agreement is intended to or shall impair the obligations of the Borrower or ​ ​ any other Grantor to pay the ABL Obligations, the Senior Note Obligations and the Junior Note Obligations as and when the same shall become due and payable in accordance with their terms.

  • All Liens on the Collateral securing the Credit Agreement Obligations or Senior Note Obligations shall be and remain senior to all Liens on the Collateral securing the Junior Note Obligations for all purposes, whether or not such Liens securing the Credit Agreement Obligations or Senior Note Obligations are subordinated to any Lien securing any other obligation of either Grantor or any Credit Party.

  • Nothing in this Agreement is intended to or shall impair the obligations of the Borrower or any other Grantor to pay the ABL Obligations, the Senior Note Obligations and the Junior Note Obligations as and when the same shall become due and payable in accordance with their terms.

  • For purposes of the foregoing, "Total Liabilities" shall mean the aggregate of current liabilities and non-current liabilities less subordinated debt (including Junior Note Obligations) and "Tangible Net Worth" shall mean the aggregate of consolidated stockholders' equity of Borrower and its Subsidiaries plus subordinated debt (including Junior Note Obligations) less any intangible assets.