Permitted Additional Secured Indebtedness definition

Permitted Additional Secured Indebtedness shall have the meaning provided in Section 7.02(n).
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Permitted Additional Secured Indebtedness has the meaning assigned to such term in Section 6.01(s).
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Permitted Additional Secured Indebtedness means Debt incurred or issued under Section 6.01(s)(vi)(B).
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Examples of Permitted Additional Secured Indebtedness in a sentence

  • The Borrower and Holdings will not, and will not permit any of their respective Subsidiaries to, (i) enter into any amendment to any Junior Lien Document or enter into any new Junior Lien Document other than in accordance with the Intercreditor Agreement (or the applicable intercreditor agreement relating to any Permitted Additional Secured Indebtedness, as applicable).

  • Each Assignor will promptly (and in any event within 10 days) following any request by the Collateral Agent deliver all of its Tangible Chattel Paper to the Collateral Agent, to the extent that the aggregate value or face amount of such Tangible Chattel Paper equals or exceeds $3,000,00010,000,000 (or such lesser amount as may be required pursuant to the terms of the 2014 Term Facility or any other Permitted Additional Secured Indebtedness) in the aggregate.

  • Such Grantor has not pledged, assigned or delivered any letter of credit or Chattel Paper to any third party other than the Administrative Agent or the agent, trustee or representative acting on behalf of the Permitted Additional Secured Indebtedness.

  • For so long as any Permitted Additional Secured Indebtedness is outstanding, the delivery of any Permitted Additional Secured Indebtedness Priority Collateral to the agent, trustee or representative acting on behalf of the Permitted Additional Secured Indebtedness pursuant to the Permitted Additional Secured Indebtedness Documents shall satisfy any delivery requirement hereunder or under any other Loan Document.

  • For so long as any Permitted Additional Secured Indebtedness is outstanding and the Intercreditor Agreement in full force and effect, the delivery of any Permitted Additional Secured Indebtedness Priority Collateral to the holders (or any agent, trustee or representative acting on behalf of the holders) of any Permitted Additional Secured Indebtedness pursuant to the Permitted Additional Secured Indebtedness Documents shall satisfy any delivery requirement hereunder or under any other Loan Document.


More Definitions of Permitted Additional Secured Indebtedness

Permitted Additional Secured Indebtedness means Indebtedness incurred by any Loan Party or any of its Subsidiaries (in addition to Permitted Purchase Money Indebtedness) that is secured by, and only by, Specified Collateral, in an aggregate outstanding amount not to exceed $10,000,000 at any one time.
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Permitted Additional Secured Indebtedness means non-amortizing Indebtedness issued solely by Holdings or the Borrower that (a) does not provide on its terms for any scheduled repayment, mandatory redemption or sinking fund obligation prior to at least six months after the latest of the Scheduled Termination Date, the Tranche A (Euro) Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, (b) is in an original aggregate principal amount not to exceed $85,000,000, less any principal amount of Permitted PIK Notes, (c)(i)(A) the provisions (including the covenants (other than the lien covenant), events of default, subsidiary guaranties and other terms (other than interest rate and redemption premiums)), are less restrictive of Holdings, the Borrower and their Subsidiaries than those in the Loan Documents (or if more restrictive, the Loan Documents shall be amended to the extent necessary to make such provisions less restrictive) and (B) such provisions and the lien covenant are on market terms for similar Indebtedness of similar issuers at the time of issuance or (ii) is evidenced and secured by Junior Lien Documents that are satisfactory to the Requisite Lenders (including without limiting the generality of the foregoing that the terms and provisions thereof and the lien covenant do not otherwise confer upon the holders of such Indebtedness (or the trustee or other representative on their behalf) any rights or impose obligations on Holdings or the Borrower or their respective Subsidiaries, that would be materially adverse to the interests of Holdings, the Borrower, their respective Subsidiaries or the Lenders), (d) is secured by Liens only on the Collateral, which Liens shall rank junior in priority to the Liens on the Collateral created under the Loan Documents, (e) shall be subject to an intercreditor agreement reasonably acceptable to the Requisite Lenders, (f) no Subsidiary or Joint Venture is an obligor that is not a Subsidiary Guarantor, (g) is issued by Holdings or the Borrower, as the case may be, in exchange for, or in respect of the refinancing, refunding, repayment, satisfaction or defeasance of the Senior Subordinated Discount Notes or Senior Subordinated Notes (including any accrued interest, premium or fee payable in connection with such exchange, refinancing, refunding, repayment, satisfaction or defeasance), (h) immediately after giving effect to such issuance of Indebtedness, Holdings, the Borrower and its Subsidiaries shall be in compliance with the covenants contained i...
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Permitted Additional Secured Indebtedness means any Indebtedness of the Borrower (which may be guaranteed by the Guarantors) that (a) is secured by the Collateral on a pari passu or junior priority basis to the Liens securing the Secured Obligations and/or any other Indebtedness permitted hereunder which is pari passu in right of payment and security with the Secured Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (b) is on terms and conditions (including as to covenants) customary for second lien (or other junior priority, as applicable) notes issued under Rule 144A of the Securities Act or, in the case of loans, no less favorable to Holdings and its Subsidiaries than the terms of this Agreement, (c) meets the Permitted Secured Debt Conditions and (d) the holders of such Indebtedness (or their representative) and the Administrative Agent shall be party to an intercreditor agreement reasonably satisfactory to the Administrative Agent.
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Permitted Additional Secured Indebtedness means Indebtedness incurred pursuant to Section 6.01(r).
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Related to Permitted Additional Secured Indebtedness

  • Permitted Additional Indebtedness means Permitted Additional Unsecured Indebtedness and Permitted Additional Secured Indebtedness.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Additional Indebtedness means any Additional Specified Indebtedness that (1) is permitted to be secured by a Lien (as defined below) on Collateral by:

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Consolidated Secured Indebtedness means, as of any date of determination, an amount equal to the Consolidated Total Indebtedness as of such date that in each case the payment of which is then secured by Liens on property or assets of the Company and its Restricted Subsidiaries (other than property or assets held in a defeasance or similar trust or arrangement for the benefit of the Indebtedness secured thereby).

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • Unsecured Indebtedness means, with respect to any Person, all Indebtedness of such Person for borrowed money that does not constitute Secured Indebtedness.

  • Attributable Indebtedness means, on any date, (a) in respect of any capital lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a capital lease.