Prudential Financing definition
Prudential Financing means, collectively (i) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $50,000,000 pursuant to the Prudential Senior Secured Note Agreement, evidenced by the 2010 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of September 17, 2017 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2010 Prudential Senior Secured Notes as in effect on September 20, 2010 and (ii) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $25,000,000 pursuant to the Prudential Senior Secured Note Agreement, evidenced by the 2011 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of February 10, 2018, and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2011 Prudential Senior Secured Notes as in effect on February 10, 2011.
Prudential Financing appearing in Section 1.01 of the Credit Agreement is hereby amended to (x) replace the figure “$100,000,000” set forth therein with the figure “$125,000,000” and (y) replace the reference to “April 17, 2023” set forth therein with “(i) April 17, 2023, in the case of the Prudential Series A Notes, and (ii) October 17, 2020, in the case of the Prudential Series B Notes,”.
Prudential Financing means, collectively (i) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $50,000,000 pursuant to the “Original Agreement” (as defined in Prudential Senior Secured Note Agreement), evidenced by the 2010 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of September 17, 2017 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2010 Prudential Senior Secured Notes as in effect on September 20, 2010, (ii) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $25,000,000 pursuant to the “Prior Agreement” (as defined in Prudential Senior Secured Note Agreement), evidenced by the 2011 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of February 10, 2018, and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2011 Prudential Senior Secured Notes as in effect on February 10, 2011 and (iii) the the issuance of Indebtedness of the Borrower pursuant to the Prudential Senior Secured Note Agreement in an aggregate principal amount of (x) $350,000,000 less (y) the sum of the principal amount of Indebtedness outstanding under the Prudential Senior Secured Note Agreement (including pursuant to clauses (i) and (ii) above) as at the date of any such issuance, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, provided that any such Indebtedness described in this clause (iii) shall (A) have a final scheduled maturity date no earlier than six months following the Latest Maturity Date in effect at the time such Indebtedness is incurred and (B) by its terms not require amortization or other scheduled repayments prior to the Latest Maturity Date in effect at the time such Indebtedness is incurred in an amount in excess of $100,000,000 in aggregate principal amount; provided further that in no event shall the principal amount of any Indebtedness incurred under this clause (iii) be repaid (whether by payment in cash, securities or other pr...
Examples of Prudential Financing in a sentence
To the extent within Pledgors' control, no Pledgor will permit the Partnership to amend, modify or terminate, or to grant any waiver or consent under, the Partnership Agreement, the Management Agreement or any of the Prudential Financing Documents without the prior written consent of the Pledgee.
To the extent within Pledgors' control, no Pledgor will permit the Partnership to incur any indebtedness for borrowed money secured by a Lien on the Property or any other assets of the Partnership, other than the indebtedness incurred pursuant to the Prudential Financing Documents or as may be approved by the prior written consent of Pledgee.
The Pledgors warrant that the Partnership has good and marketable title to the Property, that the Partnership possesses an unencumbered and indefeasible fee estate in the Property and that the Partnership owns the Property free and clear of all liens, encumbrances and charges whatsoever except for those incurred pursuant to the Prudential Financing Documents and those approved by the Pledgee (which includes all matters existing of record as of the date hereof) (collectively, the "PERMITTED ENCUMBRANCES").
To the extent within Pledgors' control, no Pledgor will permit the Partnership to refund or refinance the indebtedness incurred pursuant to the Prudential Financing Documents without the prior written consent of the Pledgee.
To the extent within Pledgors' control, the Pledgors will cause the Partnership to comply with all of its obligations under each of the Partnership Agreement, the Management Agreement and the Prudential Financing Documents.
Subordinated Indebtedness; Junior Indebtedness; Prudential Financing.
More Definitions of Prudential Financing
Prudential Financing means that certain issuance of Indebtedness of the Prudential Note Co-Issuers in an aggregate principal amount of
Prudential Financing means that certain issuance of Indebtedness of the Prudential Note Co-Issuers in an aggregate principal amount of $100,000,000, pursuant to the Prudential Note Agreement, evidenced by the Prudential Notes, together with the Indebtedness under the guaranties by one or more Loan Guarantors in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of April 17, 2023 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments as in effect on the Restatement Effective Date.
Prudential Financing means (i) that certain issuance of Indebtedness of the Borrower in an aggregate principal amount of $50,000,000, pursuant to the Prudential Senior Secured Note Agreement, evidenced by the Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of September 17, 2017 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments as in effect on the Amendment No. 1 Effective Date and (ii) any other issuances of Indebtedness of the Borrower from time to time pursuant to the Prudential Senior Secured Note Agreement, evidenced by the Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date that is no earlier than September 17, 2017, with the same (or no more onerous) terms relating to amortization and other scheduled principal payments as the Indebtedness described in the preceding clause (i), and in an aggregate outstanding principal amount not to exceed $25,000,000; provided, however, that in each case, at the time of issuance or incurrence of such Indebtedness and after giving effect thereto: (i) no Default or Event of Default has occurred and is continuing, (ii) the Borrower and its Subsidiaries are, and will be after giving effect (including pro forma effect) thereto, in compliance with the covenants contained in Sections 6.21, 6.22, 6.23 and 6.30, and (iii) the Borrower shall have delivered to the Administrative Agent a certificate, executed by an Authorized Officer, certifying as to the requirements of the preceding clauses (i) and (ii).”