Permitted Guarantor Junior Payment definition

Permitted Guarantor Junior Payment means any payment or other distribution to the holders of the Securities of securities of the Company or any other corporation that are equity securities (other than Preferred Stock or Redeemable Capital Stock) or are subordinated in right of payment to all Senior Guarantor Debt, to substantially the same extent as, or to a greater extent than, the holders of the Indenture Obligations are so subordinated.
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Permitted Guarantor Junior Payment means any payment or other distribution to the holders of the Guarantees of securities of any Guarantor or any other entity that are equity securities (other than Preferred Stock or Redeemable Capital Stock) or are subordinated in right of payment to all Senior Guarantor Indebtedness to substantially the same extent as, or to a greater extent than, the holders of the Indenture Obligations are so subordinated.
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Permitted Guarantor Junior Payment. “Permitted Holders” “Permitted Investment” “Permitted Junior Payment” “Permitted Liens” “Person” “Predecessor Security” “Preferred Stock” “Pro Forma Cost Savings” “Purchase Money Obligation” “Qualified Capital Stock” “Redeemable Capital Stock” “Redemption Date” “Redemption Price” “Registration Rights Agreement” “Registration Statement” “Regular Record Date” “Regulation S” “Regulation S Global Securities” “Replacement Assets” “Responsible Officer” “Restricted Subsidiary” “Rule 144A” “Rule 144A Global Securities” “S&P” “Securities Act” “Senior Debt” “Senior Guarantor Debt” “Senior Representative” “Series A Global Securities” “Series A Securities” “Series B Global Securities” “Series B Securities” “Shelf Registration Statement” “Significant Restricted Subsidiary” “Special Record Date” “Stated Maturity” “Subordinated Debt” “Subsidiary” “Successor Security” “Treasury Rate” “Trust Indenture Act” “Trustee” “U.K. Credit Agreement” “Unrestricted Subsidiary” “Unrestricted Subsidiary Debt” “Voting Stock” “Wholly Owned Restricted Subsidiary” Other Definitions. Compliance Certificates and Opinions. Form of Documents Delivered to Trustee. Acts of Holders. Notices, etc., to the Trustee, the Company and any Guarantor. Notice to Holders; Waiver. Conflict with Trust Indenture Act. Effect of Headings and Table of Contents. Successors and Assigns. Separability Clause. Benefits of Indenture. Governing Law. Legal Holidays. Independence of Covenants. Schedules and Exhibits. Counterparts. No Personal Liability of Directors, Officers, Employees and Stockholders. ARTICLE TWO SECURITY FORMS Section 201. Section 202. Section 203. Section 204. Forms Generally. Form of Face of Security. Form of Reverse of Securities. Form of Guarantee. ARTICLE THREE THE SECURITIES Section 301. Section 302. Section 303. Section 304. Section 305. Section 306. Section 307. Section 308. Section 309. Section 310. Section 311. Section 312. Section 313. Title and Terms. Denominations. Execution, Authentication, Delivery and Dating. Temporary Securities. Registration, Registration of Transfer and Exchange. Book Entry Provisions for Global Securities. Special Transfer and Exchange Provisions. Mutilated, Destroyed, Lost and Stolen Securities. Payment of Interest; Interest Rights Preserved. CUSIP Numbers etc. Persons Deemed Owners. Cancellation. Computation of Interest. ARTICLE FOUR DEFEASANCE AND COVENANT DEFEASANCE Section 401. Section 402. Section 403. Section 404. Company’s Option to Effect Defeasance or Cove...
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Related to Permitted Guarantor Junior Payment

  • Guarantor Payment as defined in Section 5.11.3.

  • Restricted Payment Transaction means any Restricted Payment permitted pursuant to Section 409, any Permitted Payment, any Permitted Investment, or any transaction specifically excluded from the definition of the term “Restricted Payment” (including pursuant to the exception contained in clause (i) and the parenthetical exclusions contained in clauses (ii) and (iii) of such definition).

  • Non-Guarantor Restricted Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • Restricted Junior Payment means (i) any dividend or other distribution, direct or indirect, on account of any shares of any class of capital stock of Seller now or hereafter outstanding, except a dividend payable solely in shares of that class of stock or in any junior class of stock of Seller, (ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of capital stock of Seller now or hereafter outstanding, (iii) any payment or prepayment of principal of, premium, if any, or interest, fees or other charges on or with respect to, and any redemption, purchase, retirement, defeasance, sinking fund or similar payment and any claim for rescission with respect to the Subordinated Loans (as defined in the Receivables Sale Agreement), (iv) any payment made to redeem, purchase, repurchase or retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of capital stock of Seller now or hereafter outstanding, and (v) any payment of management fees by Seller (except for reasonable management fees to the Originator or its Affiliates in reimbursement of actual management services performed).

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Permitted Restricted Payments means any of the following Restricted Payments made by:

  • Permitted Subsidiary Indebtedness means any of the following:

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Acquisition Indebtedness means any Indebtedness of the Company or any Subsidiary that has been incurred for the purpose of financing, in whole or in part, an Acquisition and any related transactions (including for the purpose of refinancing or replacing all or a portion of any related bridge facilities or any pre-existing Indebtedness of the Persons or assets to be acquired); provided that either (a) the release of the proceeds thereof to the Company and the Subsidiaries is contingent upon the substantially simultaneous consummation of such Acquisition (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition, or if such Acquisition is otherwise not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness, then, in each case, such proceeds are, and pursuant to the terms of such definitive documentation are required to be, promptly applied to satisfy and discharge all obligations of the Company and the Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or a similar provision) if such Acquisition is not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition or such Acquisition is otherwise not consummated by the date so specified, such Indebtedness is, and pursuant to such “special mandatory redemption” (or similar) provision is required to be, redeemed or otherwise satisfied and discharged within 90 days of such termination or such specified date, as the case may be).

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.

  • Unrestricted Subsidiary Indebtedness of any Unrestricted Subsidiary means Indebtedness of such Unrestricted Subsidiary

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of any Obligor’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of any Obligor’s business in connection with its purchasing of securities, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Investment Policies, provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • 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.

  • Restricted Payments as defined in Section 7.6.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Consolidated Senior Secured Indebtedness means, as of any date of determination, Consolidated Total Indebtedness as of such date that is not subordinated in right of payment to the Secured Obligations and is secured by a Lien on the Collateral securing the Loan Document Obligations.

  • Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Subsidiary Guarantor.

  • Restricted Indebtedness means Indebtedness of Holdings, the Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 6.09(b).

  • Restricted Debt Payments has the meaning set forth in Section 6.04(b).

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Lender pursuant to the Loan Documents or any other communication or writing by or between Borrower and Lender related to the transaction or transactions that are the subject matter of the Loan Documents, except such indebtedness which has been paid or is payable by Borrower to Lender under this Note.