Senior means a loan primarily secured by a first priority lien on commercial real property and related personal property and also includes, when applicable, any companion subordinate loans.
Senior as used herein shall be deemed to mean that, in the event of any default in the payment of the obligations represented by the Notes (after giving effect to "cure" provisions, if any) or of any liquidation, insolvency, bankruptcy, reorganization, or similar proceedings relating to the Company, all sums payable on Notes shall first be paid in full, with interest, if any, before any payment is made upon any other indebtedness for borrowed money, other than purchase money equipment financing, now outstanding or hereinafter incurred, and, in any such event, any payment or distribution of any character which shall be made in respect of any other indebtedness of the Company shall be paid over to the Lender of this Note for application to the payment hereof, unless and until the obligations under this Note (which shall mean the principal and other obligations arising out of, premium, if any, interest on, and any costs and expenses payable under, this Note) shall have been paid and satisfied in full.
Examples of Senior in a sentence
Xxxxxx Title: Senior Vice President STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-3 Holder By: /s/ Xxxxx X.
Xxxxxx Title: Senior Vice President STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-5 Holder By: /s/ Xxxxx X.
Xxxxxx Title: Senior Vice President STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-10 Holder By: /s/ Xxxxx X.
Xxxxxx Title: Senior Vice President STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-2 Holder By: /s/ Xxxxx X.
Xxxxxx Title: Senior Vice President STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-4 Holder By: /s/ Xxxxx X.
More Definitions of Senior
Senior means a person age 60 or older;
Senior or “elderly” shall mean persons sixty (60) years of age or older. A “Senior Representative” shall be someone, who may also be a senior, representing the needs of elderly transportation system users, and who is familiar through association with groups or individuals, or facilities serving seniors, with the special transportation needs of elderly users.
Senior means a pupil enrolled in the 12th grade in a public or private high school, a tribal school, the school operated by the Wisconsin Educational Services Program for the Deaf and Hard of Hearing, or the school operated by the Wisconsin Center for the Blind and Visually Impaired.
Senior means an applicant who is sixty-six years of age or older at the time of application for a permit.
Senior means an individual who is 55 years of age or older.
Senior means any person of the age of 21 years or over who is covered by this Award.
Senior means any person who is fifty-five years of age or over.