Majority Senior Secured Creditors definition

Majority Senior Secured Creditors means, at any time, those Senior Secured Creditors whose Senior Secured Credit Participations at that time aggregate more than 50% of the total Senior Secured Credit Participations at that time.
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Majority Senior Secured Creditors means those Senior Secured Creditors whose Senior Secured Credit Participations at that time aggregate more than 66⅔ per cent. of the total Senior Secured Credit Participations at that time.
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Majority Senior Secured Creditors means Senior Secured Noteholders and Pari Passu Creditors whose outstandings under the Senior Secured Notes or Pari Passu Debt Documents, and the Hedging Liabilities of any Senior Secured Creditor, together exceed 50% of the aggregate of all such amounts.
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Examples of Majority Senior Secured Creditors in a sentence

  • Majority Senior Secured Creditors and the Majority Second Lien Creditors havegiven their free consent.

  • The Majority Senior Secured Creditors give consent to each Super Senior Creditor taking Enforcement Action and to the Majority Super Senior Creditors constituting the Instructing Group.


More Definitions of Majority Senior Secured Creditors

Majority Senior Secured Creditors means a Senior Secured Creditor or those Senior Secured Creditors (as the case may be) holding:
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Majority Senior Secured Creditors means those Senior Secured Creditors whose Senior Secured Credit Participations (as defined in the Intercreditor Agreement) at that time aggregate more than 50% of the total Senior Secured Credit Participations at that time.
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Majority Senior Secured Creditors means, at any time, one or more of the Senior Creditors whose aggregate Senior Secured Credit Participations at that time is more than 662/3 per cent. of the aggregate Senior Secured Credit Participations (of all of the Senior Creditors) at that time.
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Related to Majority Senior Secured Creditors

  • Senior Secured Notes Trustee means U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee under the Senior Secured Notes Indenture.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Additional First Lien Obligations means all amounts owing to any Additional First-Lien Secured Party (including the Initial Additional First-Lien Secured Parties) pursuant to the terms of any Additional First-Lien Document (including the Initial Additional First-Lien Documents), including, without limitation, all amounts in respect of any principal, premium, interest (including any interest accruing subsequent to the commencement of a Bankruptcy Case at the rate provided for in the respective Additional First-Lien Document, whether or not such interest is an allowed claim under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts.