New Senior definition

New Senior has the meaning set forth in the preamble to this Agreement.
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New Senior means New Senior Investment Group Inc., a Delaware corporation.
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New Senior. Notes As of the Seventh Amendment Effective Date, the New Senior Notes have been duly authorized, issued and delivered in accordance with applicable law and the offering memorandum relating thereto, and such offering memorandum, as of the date of its issue, does not contain any untrue statement of a material fact nor omit to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not misleading." 4. Section 7.01 of the Credit Agreement is hereby amended by adding the following new clause (m) immediately after clause (l) thereof:
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Examples of New Senior in a sentence

  • The Trustee shall not be responsible in any manner whatsoever for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuer and the New Senior Note Guarantor.

  • All notices or other communications to the New Senior Note Guarantor shall be given as provided in Section 13.02 of the Indenture.

  • The New Senior Note Guarantor hereby agrees, jointly and severally with all existing Senior Note Guarantors (if any), to unconditionally guarantee the Issuer’s Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in Article X and Article XI of the Indenture and to be bound by all other applicable provisions of the Indenture and the Securities and to perform all of the obligations and agreements of a Senior Note Guarantor under the Indenture.

  • In connection with the Quarterly Report on Form 10-Q of New Senior Investment Group Inc.

  • The New Indenture shall have been executed and authorized and the New Senior Notes shall have been delivered in accordance with the New Indenture and shall constitute valid senior secured indebtedness of Reorganized Congoleum.

  • The New Senior Notes shall be governed by the terms and conditions set forth in the New Indenture.

  • Each share of Series A-4 Stock, shall rank equally with each other share of Series A-4 Stock and senior to all shares of Common Stock and all other classes or series of stock not authorized by this Certificate as of the Effective Time, except as otherwise approved by the affirmative vote or consent of the New Senior Majority.

  • PJC shall cause the Investor to make an offer to each Senior Note Holder to purchase from each Senior Note Holder who validly accepts and exchanges all of the Senior Notes held by such Senior Note Holder pursuant to the Senior Note Exchange Offer all of the New Senior Notes that will be issued to such Senior Note Holder on the Closing Date at a price equal to the face amount of each New Senior Note purchased in accordance with the terms of the Note Purchase Agreement.

  • In connection with the Annual Report on Form 10-K of New Senior Investment Group Inc.

  • The Debtor shall receive a corresponding share of the New Senior Secured Credit Facility to facilitate meeting its payment obligations under the Plan on the Effective Date.


More Definitions of New Senior

New Senior. Notes On the Effective Date, Xxxxxx shall issue senior unsecured notes (the “New Senior Notes”) having a total principal amount of $200 million, on terms and conditions reasonably acceptable to each Informal Committee and the Xxxxxx Second-Lien Noteholder Group. A summary of certain salient terms of the New Senior Notes is set forth on Exhibit D hereto. New Senior Notes that do not adhere to the terms set forth on Exhibit D shall not be considered reasonably acceptable.
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New Senior. Financing The Company shall use its best commercially reasonable efforts to obtain anew senior credit facility in the amount of at least $20.0 million (the "New Senior Facility") and to use the New Senior Facility to repay the Company's senior secured notes (for the holders of which DDJ Capital Management LLC acts as agent for the Lenders pursuant to a Loan Agreement dated as of March 1, 2001) (the "Senior Secured Loans") in full. If the proceeds received by the Company from the New Senior Facility are in excess of the amount required to fully repay the Senior Secured Loans as contemplated above (the "Excess Loan Proceeds"), then the Company shall use the Excess Loan Proceeds for working capital, including repayment of outstanding indebtedness.
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New Senior means New Senior Investment Group, Inc.
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New Senior. Financing The Company shall use its best commercially reasonable efforts to obtain a new senior credit facility in the amount of $10.0 million (the "New Senior Facility") and to cause the New Senior Subordinated Notes to be repaid from the proceeds of the New Senior Facility as contemplated above. If the proceeds received by the Company from the New Senior Facility are in excess of the amount required to fully redeem the New Senior Subordinated Notes as contemplated above (the "Excess Loan Proceeds"), then the Excess Loan Proceeds shall be applied first to redeem the Working Capital Loan in an equivalent principal amount, if permitted to do so by the terms for the New Senior Facility. Thereafter, any Excess Loan Proceeds will be used to pay off the PIK Notes, if the Company is permitted to do so by the terms of the New Senior Facility. Working Capital The Noteholders, concurrently with the sale of Aeromet, shall provide a $5.0 million working capital loan to the Company (the "Working Capital Loan"), which loan shall be secured by the U.S. assets of the Company and its subsidiaries. For the avoidance of doubt, the Noteholders will not advance new capital; rather, $5 million of the proceeds of the Aeromet sale otherwise payable to the Noteholders will be lent to the Company for working capital purposes. The Working Capital Loan shall have the same payment terms as the New Senior Subordinated Notes.
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Related to New Senior

  • New Senior Notes has the meaning set forth in the recitals hereto.

  • Additional Senior Debt means any Indebtedness of the Parent Borrower (other than Indebtedness constituting Credit Agreement Obligations) Guaranteed by the Guarantors (and not Guaranteed by any other Subsidiary) which Indebtedness and Guarantees are secured by the Senior Collateral (or a portion thereof) on a pari passu basis (but without regard to control of remedies) with the Credit Agreement Obligations (and not secured by Liens on any other assets of the Parent Borrower or any Subsidiary); provided, however, that, (i) such Indebtedness is permitted to be incurred, secured and Guaranteed on such basis by each Senior Debt Document and Second Priority Debt Document and (ii) the Representative for the holders of such Indebtedness shall have become party to (A) this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof and (B) the First Lien Intercreditor Agreement pursuant to, and by satisfying the conditions set forth in, Section 5.13 thereof, provided further that, if such Indebtedness will be the initial Additional Senior Debt incurred by the Parent Borrower after the date hereof, then the Guarantors, the Senior Collateral Agent and the Representative for such Indebtedness shall have executed and delivered the First Lien Intercreditor Agreement. Additional Senior Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Guarantors issued in exchange therefor.

  • Existing Senior Notes means the Existing 2020 Senior Notes and the Existing 2021 Senior Notes, collectively.

  • Additional Senior Notes shall have the meaning assigned to such term in Section 11.2(b).

  • Additional Senior Debt Facility means each indenture or other governing agreement with respect to any Additional Senior Debt.

  • Additional Secured Debt Designation means a notice in substantially the form of Exhibit A.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • New Secured Notes means the $550 million of first lien secured notes to be issued by New Valaris Holdco comprising (i) the Rights Offering New Secured Notes to be issued in the Rights Offering on the terms set forth in the New Secured Notes Term Sheet attached as Exhibit 2 to the Restructuring Term Sheet and the Rights Offering Procedures, (ii) the Holdback Notes to be issued on the terms set forth in the Backstop Agreement,

  • Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.

  • Additional Senior Debt Obligations means, with respect to any series, issue or class of Additional Senior Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing.

  • Designated Senior Debt means (i) the Senior Bank Debt and (ii) any other Senior Debt permitted under this Indenture the principal amount of which at least the amount specified in the applicable supplemental indenture and that has been designated by the Company as "Designated Senior Debt."

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Additional Senior Debt Documents means, with respect to any series, issue or class of Additional Senior Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Senior Collateral Documents.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Existing Senior Notes Indentures means, the indentures governing the Existing Senior Notes, each as may be amended or supplemented from time to time.

  • Additional Senior Debt Parties means, with respect to any series, issue or class of Additional Senior Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any Guarantor under any related Additional Senior Debt Documents.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Existing Senior Notes Indenture means the Indenture dated as of April 11, 2013, among the Lux Borrower, as issuer, the Parent, as guarantor and Deutsche Bank Trust Company Americas, as trustee, under which the Existing Senior Notes are outstanding, as amended, modified or supplemented from time to time.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Additional Financing has the meaning set forth in Section 16.3(a).

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Additional Debt With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under such Mortgage Loan that is secured by the related Mortgaged Property.