Other Secured Debt Agreement definition

Other Secured Debt Agreement means a loan agreement or other document entered into in connection with the Other Secured Debt, which may include any Senior High Yield Notes in addition to the Initial Senior High Yield Notes issued under the Senior High Yield Indenture, between the Borrower and an agent for the benefit of certain lenders, in form and substance reasonably satisfactory to the Administrative Agent and Required Lenders prior to the closing of such Other Secured Debt Agreement (it being understood that if such loan agreement or other document is the Senior High Yield Indenture in the form approved by the Administrative Agent and the Required Lenders at the time of the issuance of the Initial Senior High Yield Debt, such agreement or document shall be satisfactory to the Administrative Agent and the Required Lenders for the purposes of this definition).
Other Secured Debt Agreement a loan agreement, indenture or other document entered into in connection with Other Secured Debt, between the U.S. Borrower and a trustee, collateral agent, administrative agent or other agent for the benefit of certain lenders. Other Secured Debt Documents: the documents executed or to be executed in connection with any Other Secured Debt. Other Taxes: all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.8). Overadvance: a Canadian Overadvance or U.S. Overadvance, as the context requires. Overadvance Loan: a Canadian Overadvance Loan and/or a U.S. Overadvance Loan, as the context requires. Participant: as defined in Section 13.2.1. Participant Register: as defined in Section 13.2.4. Patent Security Agreement: each agreement pursuant to which a U.S. Facility Loan Party grants to the Agent a Lien on such U.S. Facility Loan Party’s patents, patent applications and other related rights as security for any of the U.S. Facility Obligations.

More Definitions of Other Secured Debt Agreement

Other Secured Debt Agreement a loan agreement, indenture or other document entered into in connection with Other Secured Debt, between the U.S. Borrower and a trustee, collateral agent, administrative agent or other agent for the benefit of certain lenders. Other Secured Debt Documents: the documents executed or to be executed in connection with any Other Secured Debt. Other Secured Debt Refinancing Indebtedness: Debt of any Loan Party that serves to extend, replace, refund, refinance, renew or defease any Other Secured Debt so long as: (a) (1) such refinancing Debt has a weighted average life to maturity at the time such refinancing Debt is incurred which is not less than the remaining weighted average life to maturity of the Other Secured Debt being extended, replaced, refunded, refinanced, renewed or defeased, (2) such refinancing Debt has a maturity date that is no earlier than six (6) months after the Stated Maturity Date and (3) the amortization per annum of such refinancing Debt does not exceed two and one-half percent (2.50%) of the aggregate principal amount of such Other Secured Debt Refinancing Indebtedness outstanding as of the date of incurrence, (b) either (1) Liens incurred in connection with such refinancing Debt do not attach to any Collateral or (2) if Liens incurred in connection with such refinancing Debt attach to any Collateral, then (x) any such Liens on Accounts Collateral must be junior to those granted to the Agent, for the benefit of the Secured Parties, and subject to an Intercreditor Agreement (in form and substance acceptable to the Agent (at the direction of the Required Lenders)) and (y) any such Liens on Non- Accounts Collateral may be senior to those granted to the Agent, for the benefit of the Secured Parties, and must be subject to an Intercreditor Agreement (in form and substance acceptable to the Agent (at the direction of the Required Lenders)), (c) such refinancing Debt is in an aggregate principal amount (or accreted value, if applicable) that does not exceed the principal amount (or accreted value, if applicable) of the Other Secured Debt so extended, replaced, refunded, refinanced, renewed or defeased except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such extension, replacement, refunding, refinancing, renewal or defeasance, (d) the terms and conditions (including, if applicable, as to collateral but excluding as to subordi...
Other Secured Debt Agreement a loan agreement or other document entered into in connection with Other Secured Debt, which may include any Senior High Yield Notes issued under the Senior High Yield Indenture, between the U.S. Borrower and an agent for the benefit of certain lenders, in form and substance reasonably satisfactory to the Agent and the Required Lenders prior to the closing of such Other Secured Debt Agreement (it being understood that the Senior High Yield Indenture as in effect on the Closing Date shall be satisfactory to the Agent and the Required Lenders for purposes of this definition).

Related to Other Secured Debt Agreement

  • Other Secured Claim means any Secured Claim other than an Administrative Claim, Secured Tax Claim, DIP Facility Claim, or Prepetition Credit Agreement Claim.

  • Secured Debt means Debt of the Company or its Subsidiaries secured by an Encumbrance on the property of the Company or its Subsidiaries.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.