Second Senior Indebtedness definition

Second Senior Indebtedness means all money and liabilities from time to time due, owing or incurred by the Issuer in any currency or currencies, whether present or future, actual or contingent, whether incurred solely or jointly with any other person and whether as principal or surety, together with all interest accruing thereon and all costs, charges and expenses incurred in connection therewith, pursuant to the Initial Issuance Class B Notes and any other amounts designated as "Second Senior Indebtedness" from time to time pursuant to and in accordance with the Security and Intercreditor Deed.
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Second Senior Indebtedness means the principal of (and premium, if any) and the interest on (a) the second senior bonds; (b) all Parity Indebtedness of the Authority and (c) any renewals, amendments, extensions or refundings of any such Second Senior Indebtedness.
Sample 1

Examples of Second Senior Indebtedness in a sentence

  • Relative rights of the Holders of the Second Senior Indebtedness, Third Senior Indebtedness, Fourth Senior Indebtedness and the Subordinated Indebtedness with respect to the Collateral will also be governed by the Intercreditor Arrangements.

  • Relative rights of the Holders of the Second Senior Indebtedness, Third Senior Indebtedness and the Subordinated Indebtedness with respect to the Collateral will also be governed by the Intercreditor Arrangements.

  • For purposes of this Section 303, the term “debt service requirements” shall mean, for any fiscal year, the principal and interest requirements on all Indebtedness of the Authority, including, without limitation, Second Senior Indebtedness and Junior Obligations.

  • The security interest granted for the benefit of the holders of the Offered Class D Notes will be subordinate to the security interest held with respect to the Senior Obligations, the Second Senior Indebtedness and the Mezzanine Indebtedness and will rank pari passu with the security interest held for the benefit of other Junior Indebtedness.

  • The security interest granted for the benefit of the holders of the Offered Class C Notes will be subordinate to the security interest held with respect to the Senior Obligations and the Second Senior Indebtedness and will rank pari passu with the security interest held for the benefit of other Mezzanine Indebtedness.

Related to Second Senior Indebtedness

  • Senior Indebtedness means, with respect to the Company, (i) the principal, premium, if any, and interest in respect of (A) indebtedness of the Company for money borrowed and (B) indebtedness evidenced by securities, debentures, notes, bonds or other similar instruments issued by the Company; (ii) all capital lease obligations of the Company; (iii) all obligations of the Company issued or assumed as the deferred purchase price of property, all conditional sale obligations of the Company and all obligations of the Company under any title retention agreement; (iv) all obligations of the Company for the reimbursement of any letter of credit, any banker's acceptance, any security purchase facility, any repurchase agreement or similar arrangement, any interest rate swap, any other hedging arrangement, any obligation under options or any similar credit or other transaction; (v) all obligations of the type referred to in clauses (i) through (iv) above of other Persons for the payment of which the Company is responsible or liable as obligor, guarantor or otherwise; and (vi) all obligations of the type referred to in clauses (i) through (v) above of other Persons secured by any lien on any property or asset of the Company (whether or not such obligation is assumed by the Company), whether incurred on or prior to the date of this Indenture or thereafter incurred. Notwithstanding the foregoing, "Senior Indebtedness" shall not include (1) any Additional Junior Indebtedness, (2) Debentures issued pursuant to this Indenture and guarantees in respect of such Debentures, (3) trade accounts payable of the Company arising in the ordinary course of business (such trade accounts payable being pari passu in right of payment to the Debentures), or (4) obligations with respect to which (a) in the instrument creating or evidencing the same or pursuant to which the same is outstanding, it is provided that such obligations are pari passu, junior or otherwise not superior in right of payment to the Debentures and (b) the Company, prior to the issuance thereof, has, if required, notified the relevant state insurance regulatory agency. Senior Indebtedness shall continue to be Senior Indebtedness and be entitled to the subordination provisions irrespective of any amendment, modification or waiver of any term of such Senior Indebtedness.

  • Subordinated Indebtedness means any Indebtedness of the Borrower and its Restricted Subsidiaries that is contractually subordinated to the Indebtedness under the Loan Documents.