Prudential Debt means the Indebtedness owed to The Prudential Insurance Company of America and/or PruCo Life Insurance Company of America in connection with (a) the Senior Secured Notes due July 3, 2007 issued pursuant to the Note Purchase Agreement dated as of June 28, 2002, (b) the Senior Secured Notes due June 17, 2011 issued pursuant to the Note Purchase Agreement dated as of June 18, 2004 and (c) the Subordinated Notes due January 3, 2008 issued pursuant to the Subordinated Note Purchase Agreement dated as of July 3, 2002.
Prudential Debt means the Indebtedness payable to the Noteholders under the Prudential Note Purchase Agreement as of the date of determination.
Prudential Debt means the Prudential Notes and any other indebtedness arising on or after the Restatement Effective Date under or pursuant to the Prudential Shelf Agreement. The Notes and the Loans are not subordinated to or otherwise subject to the Prudential Debt.
Examples of Prudential Debt in a sentence
The documents evidencing the Prudential Debt and the Additional Prudential Debt contain restrictions and conditions of the type described in Section 6.07.
The Borrowers agree to provide such evidence as the Required Lenders shall reasonably request as to the perfection and priority status of each such security interest and Lien (which Lien and security interest may be coordinate with a like Lien in Prudential for the benefit of the Prudential Notes or any other Prudential Debt).
In no event shall a Lien be granted by any Credit Party in respect of any of its property to the Trustee for the benefit of any holders of the Prudential Notes or any other Prudential Debt unless concurrently therewith a Lien of equal priority (and on the same property) is granted to the Collateral Agent for the benefit of the Lenders.
Contemporaneously with the making of the Term Loan, the Borrowers shall (i) repay in full the Prudential Debt and pay the Prudential Make-Whole Amounts and (ii) repay in full the CertainTeed Debt.
Each Borrower agrees to provide such evidence as the Required Lenders shall reasonably request as to the perfection and priority status of each such security interest and Lien (which Lien and security interest may be coordinate with a like Lien in Prudential for the benefit of the Prudential Notes or any other Prudential Debt).
More Definitions of Prudential Debt
Prudential Debt means Borrower's obligations pursuant to a certain Second Amended and Restated Note Agreement dated as of April 1, 2003 between Borrower and The Prudential Insurance Company of America, as amended by Amendment No. 1 to Second Amended and Restated Note Agreement dated as of November 29, 2003 (the "Existing Note Agreement"), governing the terms of the Borrower's (i) 8.30% Series A Senior Notes due July 10, 2003, (ii) 8.62% Series B Senior Notes due July 10, 2005 and (iii) 8.81% Series C Senior Notes due July 10, 2008.
Prudential Debt has the meaning specified in Schedule 8.01.
Prudential Debt means the Debt incurred by the Company pursuant to the Prudential Debt Documents. Prudential Debt Documents means all documents and instruments relating to the Prudential Debt, executed or delivered from time to time, including, without limitation, that certain Note Purchase Agreement dated June 16, 1997, pursuant to which the company issued its 7.46% senior unsecured notes due June 16, 2007, as any of the foregoing may be amended, modified, restated or replaced from time to time. Refunded Swing Line Loan - see Section 2.2.4(c). Regulation D means Regulation D of the FRB. Regulation U means Regulation U of the FRB. Replacement Lender - see Section 8.7(b). Reportable Event means a reportable event as defined in Section 4043 of ERISA and the regulations issued thereunder as to which the PBGC has not waived the notification requirement of Section 4043(a), or the failure of a Pension Plan to meet the minimum funding standards of Section 412 of the Code (without regard to whether the Pension Plan is a plan described in Section 4021(a)(2) of ERISA) or under Section 302 of ERISA. 14
Prudential Debt means Borrower's obligations pursuant to a certain Second Amended and Restated Note Agreement to be dated as of April 1, 2003 between Borrower and The Prudential Insurance Company of America ("Prudential") (the "Existing Note Agreement"), governing the terms of the Borrower's (i) 8.30% Series A Senior Notes due July 10, 2003, (ii)
Prudential Debt means the Prudential Notes and any other indebtedness arising on or after the Restatement Effective Date under or pursuant to the Prudential Shelf Agreement. The Notes and the Loans are not subordinated to or otherwise subject to the Prudential Debt. “Prudential Intercreditor Agreement” shall have the meaning given to such term in Section 4.01(e). “Prudential Notes” shall mean any promissory notes issued to or to be issued subject to the Prudential Shelf Agreement. “Prudential Pledge and Security Agreement” has the meaning given to such term in Section 4.01(e). “Prudential Security Documents” means the Prudential Company Guarantee, the Prudential Subsidiary Guarantee, Prudential Pledge and Security Agreement and the Prudential Subordination Agreement. “Prudential Shelf Agreement” has the meaning given to such term in Section 4.01(e). “Prudential Subordination Agreement” has the meaning given to such term in Section 4.01(e). “Prudential Subsidiary Guarantee” has the meaning give to such term in Section4.01(e). “Prudential Subordination Agreement” has the meaning given to such term in Section 4.01(e). “Register” has the meaning given to such term in Section 9.04. “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Revolving Credit Commitments representing more than 66-2/3% of the sum of the aggregate Revolving Credit Exposures and aggregate unused Revolving Credit Commitments hereunder at such time. “Restatement Effective Date” means February __, 2005. 17
Prudential Debt the obligations of the Companies under (a) that certain Note Agreement dated November 30, 1991, and (b) that certain Master Shelf Agreement dated September 3, 1993, both of which are among the Companies and The Prudential Insurance Company of America, together with the promissory notes, mortgages and security agreements executed in connection therewith, all as they may be amended from time to time.
Prudential Debt means that certain any and all Indebtedness of Borrower to Prudential Securities Credit Corporation or a related entity, other than Permitted Conduit Debt.