Other Senior Secured Debt definition

Other Senior Secured Debt means Pari Passu Debt and Alternative Incremental Facility Indebtedness, in each case secured by Liens on the Collateral having the same priority as the Liens securing the Obligations.
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Other Senior Secured Debt means Term Loan Additional Secured Debt and Alternative Incremental Facility Indebtedness, in each case secured by Liens on the Collateral having the same priority as, or junior priority to, the Liens securing the obligations under the First Lien Notes (for the avoidance of doubt, which Liens on the ABL Priority Collateral shall be junior to the Liens securing the Obligations).
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Other Senior Secured Debt means the Senior Term Loans and the Senior Notes.
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Examples of Other Senior Secured Debt in a sentence

  • Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, with respect to any Collateral Security, interest thereon shall be deemed to be automatically paid solely to the extent that any payment of interest is made on the corresponding Other Senior Secured Debt Security with respect to which such Collateral Security was issued pursuant to the terms of the Senior Secured Debt Agreement governing such Other Senior Secured Debt Security.

  • The Trustee shall be entitled to conclusively assume that such payment of interest on the corresponding Other Senior Secured Debt Security has been made unless notified to the contrary by such Person or Persons as shall be designated for such purpose in or with respect to such Collateral Security.

  • If any such revived obligation shall not be allowed as a claim under the Bankruptcy Code due to the fact that the Senior Preferential Payment has in fact been made or received, the Holders shall make such other equitable arrangements for the purchase and sale of participations in the Securities and the Other Senior Secured Debt Securities to effectuate the intent of this Section.

  • All such revived obligations shall be included as Securities or Other Senior Secured Debt Securities for purposes of allocating any payments under Section 807 and for applying the definition of "Outstanding".


More Definitions of Other Senior Secured Debt

Other Senior Secured Debt means Senior Secured Debt other than the Indebtedness of the Company and its Subsidiaries under and in respect of the Financing Documents."
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Related to Other Senior Secured Debt

  • 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 Loan means any interest in a loan, including any assignment of or participation in or other interest in a loan, that (i) is not (and is not expressly permitted by its terms to become) subordinate in right of payment to any obligation of the obligor in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings (other than pursuant to a Permitted Working Capital Lien and customary waterfall provisions contained in the applicable loan agreement), (ii) is secured by a pledge of collateral, which security interest is (a) validly perfected and first priority under Applicable Law (subject to liens permitted under the applicable credit agreement that are reasonable for similar loans, and liens accorded priority by law in favor of any Governmental Authority) or (b)(1) validly perfected and second priority in the accounts, documents, instruments, chattel paper, letter-of-credit rights, supporting obligations, deposit accounts, investments accounts and any other assets securing any Working Capital Revolver under Applicable Law and proceeds of any of the foregoing (a first priority lien on such assets a "Permitted Working Capital Lien") and (2) validly perfected and first priority (subject to liens for taxes or regulatory charges and any other liens permitted under the related underlying instruments that are reasonable and customary for similar loans) in all other collateral under Applicable Law, and (iii) the Portfolio Manager determines in good faith that the value of the collateral for such loan (including based on enterprise value) on or about the time of acquisition equals or exceeds the outstanding principal balance of the loan plus the aggregate outstanding balances of all other loans of equal or higher seniority secured by a first priority Lien over the same collateral. For the avoidance of doubt, debtor-in-possession loans and FLLO Loans shall constitute Senior Secured Loans.

  • 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.

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

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • Total Secured Debt means, as of any date of determination, the aggregate principal amount of Secured Indebtedness of the Company and the Guarantors (other than cash management obligations and Interest Rate Agreements to the extent permitted by this Indenture) outstanding on such date, determined on a consolidated basis.