Restricted Junior Debt Payment has the meaning specified in Section 7.08(a).
Restricted Junior Debt Payment means a Restricted Payment of the type described in clause (z) of the definition of “Restricted Payment” set forth in the first paragraph of Section 6.4.
Restricted Junior Debt Payment means any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase, retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect any Junior Debt.
Examples of Restricted Junior Debt Payment in a sentence
For purposes of this Section 4.7 , if a particular Restricted Payment or Restricted Junior Debt Payment involves a non-cash payment, including a distribution of assets, then such Restricted Payment or Restricted Junior Debt Payment shall be deemed to be an amount equal to the cash portion of such Restricted Payment or Restricted Junior Debt Payment, if any, plus an amount equal to the Fair Market Value of the non-cash portion of such Restricted Payment or Restricted Junior Debt Payment.
More Definitions of Restricted Junior Debt Payment
Restricted Junior Debt Payment means a Restricted Payment of the type described inclause (z) of the definition of “Restricted Payment” set forth in the first paragraph of Section 6.4.“Restricted Payments” has the meaning assigned to such term in the first paragraph ofSection 6.04. “Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of theBorrower (including any Foreign Subsidiary) that is not then an Unrestricted Subsidiary; provided thatupon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, suchSubsidiary shall be included in the definition of “Restricted Subsidiary”.“Rule 144A Securities” means any then outstanding securities issued by the Borrower orany of its Subsidiaries eligible for trading in compliance with Rule 144A under the Securities Act.“Sale and Lease-Back Transaction” means any arrangement with any Person providingfor the leasing by the Borrower or any Restricted Subsidiary of any real or tangible personal property,which property has been or is to be sold or transferred by the Borrower or such Restricted Subsidiary tosuch Person in contemplation of such leasing.“S&P” means Standard & Poor’s Financial Services LLC, a division of the XxXxxx-Xxxx Companies, Inc., and any successor to its rating agency business.-45-
Restricted Junior Debt Payment means any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value (a) any Indebtedness of the Borrower or any Guarantor that is contractually subordinated (or required to be subordinated) to the Obligations or any Guaranteed Obligations, (b) any Indebtedness of the Borrower or any Guarantor (other than ABL Asset Priority Lien Obligations) that is secured by Liens on all or any portion of the Collateral that are junior to the Liens on such Collateral securing the Obligations or (c) any other unsecured Indebtedness for borrowed money of the Borrower or any Restricted Subsidiary.
Restricted Junior Debt Payment means, with respect to any Person, (a) the prepayment of principal of, or premium or interest on, any senior unsecured Indebtedness and (b) the payment or prepayment of principal of, or premium or interest on, any Junior Indebtedness, any Permitted Junior Refinancing Debt, any Permitted Unsecured Refinancing Debt, any Subordinated Unsecured Indebtedness or any other Indebtedness subordinate in right of payment to the Obligations unless such payment is permitted under the terms of the intercreditor agreement or subordination agreement applicable thereto.