Secured Debt Lender definition

Secured Debt Lender means RZB Finance LLC in its capacity as agent under the Secured Debt Facility.
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Secured Debt Lender. Any lender to which Secured Debt is owed by one or more of the Lessees.
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Examples of Secured Debt Lender in a sentence

  • Seller may instruct Buyer to pay a part of the Purchase Price directly to the Secured Debt Lender and/or other Lenders in order to obtain a release of the Liens held by the Secured Debt Lender and/or other Lenders, respectively, on the Acquired Assets.

  • In addition, Seller may instruct Buyer Parties to pay a portion of the dollar amount otherwise payable to Seller directly to the Secured Debt Lender and/or other Lenders in order to obtain a release of the Liens held by the Secured Debt Lender and/or other Lenders, respectively, on the Assets, the Tergas Option or the Shares as applicable.

  • Seller may instruct Buyer to pay a part of the Purchase Price directly to the Secured Debt Lender and/or other lenders in order to obtain a release of the Liens held by the Secured Debt Lender and/or other lenders, respectively, on the Assets.

  • Lessor agrees from time to time at the written request of either the Lessees or the Secured Debt Lender to provide the Secured Debt Lender with written notice of the Maximum Permitted Secured Debt, and the Secured Debt Lender shall be entitled to rely on any such notice.

  • The Intercreditor Agreement shall provide, among other things, that Lessor's security interest in Lessees' accounts receivable is subordinate to the security interest to be granted to the Secured Debt Lender to secure repayment of Secured Debt in an amount not to exceed the sum of (i) the maximum secured senior debt (the "Maximum Secured Senior Debt") calculated as set forth in the next sentence, and (ii) all accrued interest thereon and costs of collection.

  • The Intercreditor Agreement shall provide that upon default by Lessees in their obligations to the Secured Debt Lender Lessee shall have the option, but not the obligation, to purchase the position of the Secured Debt Lender on terms reasonably satisfactory to Lessor and the Secured Debt Lender.

  • Lessor agrees from time to time to enter into an intercreditor agreement (the "Intercreditor Agreement") with the Secured Debt Lender in form reasonably acceptable to Lessor.

  • As to any loss or damage which Lender estimates can be repaired for less than 1/2 of 1 % of the then Secured Debt, Lender shall disburse to Borrower from the Net Proceeds the amount which it determines is necessary to repair the damage, which amounts shall be used by Borrower to restore the damage to the Property caused by the Casualty.

  • Seller may instruct Buyer to pay a part of the Purchase Price directly to the Secured Debt Lender and/or other Lenders in order to obtain a release of the Liens held by the Secured Debt Lender and/or other Lenders, respectively, on the Assets or the Shares as applicable.

Related to Secured Debt Lender

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Secured Debt means Debt secured by any mortgage, lien, charge, pledge or security interest of any kind.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Secured Debt Documents means the Parity Lien Documents and the Priority Lien Documents.

  • Secured Lender means an individual or organization originating a loan in a real estate or business opportunity transac- tion secured by real estate or by the assets of a business or a busi- ness opportunity.

  • Consolidated First Lien Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on all of the Collateral securing the Obligations.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • 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.

  • First Lien Indebtedness means Consolidated Total Indebtedness that is secured by a Lien on the Collateral, except by a Lien that is junior to the Liens on the Collateral securing the First Lien Obligations.

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • DIP Lender means a lender under the DIP Facility.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Junior Lien Indebtedness means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (6)(B) of the definition of Permitted Lien.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Second Lien Debt means the indebtedness under the Second Lien Indenture Notes issued on the date hereof and guarantees thereof and all additional indebtedness incurred under any Additional Second Lien Documents and all additional indebtedness in respect of Additional Notes and guarantees thereof, in each case, that was permitted to be incurred and secured in accordance with the Secured Debt Documents and with respect to which the requirements of Section 4.04(b) have been (or are deemed) satisfied, and all Indebtedness incurred under any Second Lien Substitute Facility.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.