Senior Class definition

Senior Class has, with respect to a Class of Notes of any Series, the meaning specified in the related Indenture Supplement.

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Senior Class means, with respect to the Class B Notes, the Class A Notes.

Senior Class means (a) with respect to the Class B Notes, the Class A Notes and (b) with respect to the Class C Notes, the Class A Notes and the Class B Notes.

Examples of Senior Class in a sentence

• The Trustee and, during the continuance of a payment Default with respect to the Senior Class of Notes, the Senior Trustee, except as otherwise provided in Section 4.4, Section 4.9 and Section 4.11, may ▇▇▇ for recovery or take any other steps for the purpose of recovering any of the obligations hereunder or any other debts or liabilities whatsoever owing to it by the Issuer.

• The undersigned is a [“New Credit Agreement Agent”][“Additional Senior Class Debt Representative”] under, and as defined in, the First-Lien Intercreditor Agreement.

• Each Authorized Representative acknowledges and agrees that upon execution and delivery of a Joinder Agreement substantially in the form of Annex II by an Additional Senior Class Debt Representative and each Grantor in accordance with this Section 5.13, the Additional Collateral Agent will continue to act in its capacity as Additional Collateral Agent in respect of the then existing Authorized Representatives (other than the Administrative Agent) and such additional Authorized Representative.

• To the extent, but only to the extent permitted by the provisions of the then extant Secured Credit Documents, the Borrowers may incur additional indebtedness after the date hereof that is secured on an equal and ratable basis by the Liens securing the First-Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”).

• The representations and warranties set forth in this Section shall survive the sale of the Senior Class Certificates to the Senior Class Conduits or the Bank Investors and the acquisition by the Senior Class Conduits or the Bank Investors of any additional interests in the Trust in connection with any Additional Investor Amounts.

More Definitions of Senior Class

Senior Class means (a) with respect to Class B Notes of a series, Class A Notes of that series and (b) with respect to Class C Notes of a series, Class A Notes or Class B Notes of that series.

Senior Class means (a) initially, all Equipment Notes constituting Class A Notes then Outstanding, and (b) upon and after the occurrence of both (x) the payment in full of the Outstanding Principal Balance of all Class A Notes, all accrued interest thereon and any other Outstanding Obligations with respect to the Class A Notes, and (y) the termination of all Policies enhancing any Class A Notes, all Equipment Notes constituting Class B Notes then Outstanding.

Senior Class means the Class A Notes whilst they remain Outstanding and thereafter the Class B Notes whilst they remain Outstanding;

Senior Class means (a) with respect to the Obligations of the Borrower, (i) so long as any Loans are Outstanding, the Loans and (b) with respect to the Obligations of the Guarantor, so long as any Guarantor Loans are Outstanding, the Guarantor Loans and (ii) after the Guarantor Loans have been paid in full, the Class E Securities.

Senior Class means (a) with respect to the Securities, so long as any Class A Securities are Outstanding, the Class A Securities and (b) with respect to the Guarantor Securities, (i) so long as any Guarantor Class A Securities are Outstanding, the Guarantor Class A Securities, (ii) after the Guarantor Class A Securities have been paid in full but so long as any Class A Securities are Outstanding, the Class A Securities and (iii) after the Guarantor Class A Securities have been paid in full, the Class E Securities.

Senior Class means (a) initially, all Outstanding Class A Equipment Notes, (b) on and after the payment in full of all Outstanding Obligations with respect to the Class A Equipment Notes, all Outstanding Class B Equipment Notes, (c) on and after the payment in full of all Outstanding Obligations with respect to the Class A Equipment Notes and Class B Equipment Notes, all Outstanding Class C Equipment Notes, (d) on and after the payment in full of all Outstanding Obligations with respect to the Equipment Notes, all Outstanding Subordinated Notes and (e) on and after the payment in full of all Outstanding Obligations with respect to the Notes, all Outstanding Class E Certificates.

Senior Class means, (i) so long as any Class A Notes are Outstanding, the Class A Notes, (ii) after the Class A Notes have been repaid in full and so long as any Class B Notes are Outstanding, the Class B Notes, (iii) after the Class A Notes and Class B Notes have been repaid in full and so long as any Class C Notes are Outstanding, the Class C Notes, (iv) after the Class A Notes, Class B Notes and Class C Notes have been paid in full and so long as any Class D Notes are Outstanding, the Class D Notes and (v) after the Class A Notes, Class B Notes, Class C Notes and Class D Notes have been paid in full and so long as any Class E Notes are Outstanding, the Class E Notes.