Senior Claims definition
Senior Claims means, (a) with respect to the RBL Priority Collateral, each of the First-Priority Lien Obligations secured by such Collateral and, (b) with respect to the Term/Notes Priority Collateral, each of the Second-Priority Lien Obligations secured by such Collateral.
Senior Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which are:
Senior Claims means the aggregate amount of all claims admitted to proof in the winding-up of the Issuer which are (i) claims of depositors (if any) of the Issuer; and (ii) claims of creditors in respect of Ordinary Unsecured Debts of the Issuer and all other obligations of the Issuer which are preferred by law to Secondary Unsecured Debts;
Examples of Senior Claims in a sentence
Principal Benefits Consultant $699.00 $810.33 Senior Benefits Consultant $499.00 $578.48 Junior Benefits Consultant $299.00 $346.62 Principal Actuary $768.90 $891.37 Senior Actuary $548.90 $636.33 Junior Actuary $299.00 $346.62 Principal Claims Auditor $559.20 $648.27 Senior Claims Auditor $399.20 $462.78 Junior Claims Auditor $299.00 $346.62 R E QU ES T FOR P R OP OSA L S - N O.
More Definitions of Senior Claims
Senior Claims means the claims of all creditors of the Issuer (including, without limiting the generality of the foregoing, all contingent and prospective claims, all claims in respect of deposits with or loans to the Issuer and all claims to interest thereon which are admitted to proof in the winding up of the Issuer but excluding all claims in respect of Subordinated Indebtedness and, for the avoidance of doubt, all claims in respect of Deferred Shares); and
Senior Claims shall have the meaning given to such term in Section 2.1(a).
Senior Claims means (a) the principal of, and premium, if any, and ------------- interest on the Senior Secured Notes issued pursuant to the Indenture (including, without limitation, any interest accruing thereon at the legal rate after the commencement of any Proceeding and any additional interest that would have accrued thereon but for the commencement of such Proceeding); and (b) all other Obligations of Navy II to any Senior Claimants, whether now existing or hereafter incurred or created, under or with respect to the Indenture, the other Financing Documents and any related documents.
Senior Claims means, collectively, (a) the principal of, and premium, if any, and interest on, the Senior Obligations (in each case, including, without limitation, any interest accruing thereon at the legal rate after the commencement of any Proceeding and any additional interest that would have accrued thereon but for the commencement of such Proceeding), and (b) all other Obligations of the Subordinated Debtor to the Senior Claimants, whether now existing or hereafter incurred or created, under or with respect to the Senior Claim Documents or any replacement, supplement to or refinancing of the Senior Obligations.
Senior Claims means all Administrative Claims, Priority Tax Claims, Other Priority Claims, GECC Claims and Other Secured Claims.
Senior Claims means, at any time and in relation to a Senior Creditor, the principal amount of Indebtedness held by it and interest accrued thereon up to and including that time.
Senior Claims shall have the meaning set forth in Section 8.7.