Senior Creditor Indebtedness definition
Senior Creditor Indebtedness means any and all presently existing or hereafter arising indebtedness, claims, debts, liabilities, and obligations of Debtor owing to the Senior Creditors under the Senior Creditor Agreements.
Senior Creditor Indebtedness means all monetary obligations, liabilities and indebtedness of every nature of Debtor from time to time owed to Senior Creditor under the Senior Creditor Documents (but subject to the limitations contained herein and in Section 19 hereof), including, without limitation, the principal amount of all debts, claims and indebtedness, accrued and unpaid interest and all fees, costs and expenses, whether primary, secondary, direct, contingent, fixed or otherwise, heretofore, now and from time to time hereafter owing, due or payable under the Senior Indebtedness Documents, whether before or after the filing of a Proceeding under the Bankruptcy Code together with (a) any amendments, modifications, renewals or extensions thereof to the extent not prohibited by the terms of this Agreement and (b) any interest accruing thereon after the commencement of a Proceeding, without regard to whether or not such interest is an allowed claim; provided, however, that in no event shall the aggregate principal amount of the Senior Indebtedness exceed $40,000,000. Senior Indebtedness shall be considered to be outstanding whenever any loan commitment under the Senior Creditor Documents is outstanding.
Senior Creditor Indebtedness means, collectively, the FCC Indebtedness and the Oak Street Indebtedness.
Examples of Senior Creditor Indebtedness in a sentence
This Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Senior Creditor Indebtedness is rescinded or must otherwise be returned by Senior Creditor upon the insolvency, bankruptcy or reorganization of Debtor or otherwise, all as though such payment had not been made.
Subordinated Creditor hereby subordinates its right to receive payments of the Subordinated Creditor Indebtedness to the Senior Creditors’ right to receive payment of the Senior Creditor Indebtedness.
No Senior Creditor Agreement may be amended or modified in a way that would be adverse to the interests of the Subordinated Creditor (including, without limitation, by increasing the aggregate principal amount of Senior Creditor Indebtedness or the interest rate thereon) without the prior written consent of the Subordinated Creditor.
Subject to the full, final and indefeasible payment in cash of all Senior Creditor Indebtedness and the termination of all lending commitments under the Senior Creditor Documents, Junior Creditor shall be subrogated to the rights of Senior Creditor to receive Distributions with respect to the Senior Creditor Indebtedness until the Senior Creditor Indebtedness is paid in full.
The Subordinated Note shall at all times bear a conspicuous legend that the Junior Creditor Indebtedness evidenced thereby is subordinated to the Senior Creditor Indebtedness pursuant to this Agreement.
More Definitions of Senior Creditor Indebtedness
Senior Creditor Indebtedness means all of the present and future indebtedness (principal, interest (including, without limitation, interest accruing after the commencement of a bankruptcy proceeding by or against Debtor), fees, collection costs and expenses and other amounts), liabilities and obligations (including, without limitation, letter of credit reimbursement obligations) of Debtor to Senior Creditor (including, without limitation, all of the indebtedness evidenced by or arising under any one or more of the Senior Creditor Documents), all whether fixed or contingent, matured or unmatured, liquidated or unliquidated, and whether arising under contract, in tort or otherwise.
Senior Creditor Indebtedness means any and all presently existing or hereafter arising indebtedness, claims, debts, liabilities, and obligations of Debtor owing to Senior Creditor, whether direct or indirect, contingent or of any other nature, character, or description (including all interest accruing after commencement of any case, proceeding, or other action relating to the bankruptcy, insolvency, or reorganization of Debtor and all amounts and interest that, but for the provisions of the Bankruptcy Code, would have accrued and become due).
Senior Creditor Indebtedness means and includes (i) all outstanding and committed indebtedness, obligations, liabilities, claims, rights and demands owing from Borrower to Senior Creditor under the Senior Creditor Agreements as it and they exist on the date of this Agreement and as they may be modified, replaced, or extended without increase in the principal amount thereof (the "Existing Senior Creditor Indebtedness"), as well as (ii) all other indebtedness and obligations of any kind from Borrower to Senior Creditor ("Additional Senior Creditor Indebtedness") provided the total unpaid principal balance of the Existing Senior Creditor Indebtedness, the Additional Senior Creditor Indebtedness at the time such Additional Senior Creditor Indebtedness is incurred, and any other outstanding indebtedness and obligations defined as "Senior Indebtedness" in the Subordinated Creditor Agreements, as they exist on the date of this Intercreditor Agreement, does not exceed the maximum amount of indebtedness and obligations defined as Senior Indebtedness in the Subordinated Creditor Agreements, as they exist on the date of this Intercreditor Agreement. Until the Existing Senior Creditor Indebtedness is paid in full and the Borrower no longer has any rights to borrow or to request to borrow under the Senior Creditor Agreements (as amended, extended, or replaced in principal amounts not exceeding the principal amount outstanding or committed on the date hereof), the Existing Senior Creditor Indebtedness shall at all times constitute Senior Creditor Indebtedness. If Additional Senior Creditor Indebtedness constituted Senior Creditor Indebtedness at the time it was incurred, the Additional Senior Creditor Indebtedness shall remain Senior Creditor Indebtedness until paid in full without regard to any subsequent change in Borrower's financial condition or otherwise.
Senior Creditor Indebtedness means (a) any and all presently existing or hereafter arising indebtedness, claims, debts, liabilities, and obligations of Obligors owing to the Senior Creditors under the Senior Creditor Agreements (including (i) reimbursement obligations in respect of Letters of Credit, (ii) all obligations or liabilities at any time owing under any Hedge Agreement with any Obligor, (iii) debtor in possession loans or advances and (iv) any obligation to make adequate protection payments relative to proceedings involving the use of cash collateral or motions for relief from the automatic stay in an Insolvency Proceeding), whether direct or indirect, contingent or of any other nature, character, or description (including all interest, fees, costs, expenses and similar items accruing after commencement of any case, proceeding, or other action relating to the bankruptcy, insolvency, or reorganization of an Obligor, including both amounts and interest, fees, costs, expenses and similar items that are allowable claims in such proceeding and all amounts and interest, fees, costs, expenses and similar items that, but for the provisions of the Bankruptcy Code, would have accrued and become due) and (b) any and all obligations pursuant to any amendment, refinancing, replacement, extension, renewal or refunding of the foregoing in favor of Senior Agent and the other Senior Creditors.
Senior Creditor Indebtedness means all of the present and future indebtedness (principal, interest (including, without limitation, interest accruing after the commencement of a bankruptcy proceeding by or against Debtor), fees, collection costs and expenses and other amounts), liabilities and obligations (including, without limitation, letter of credit reimbursement obligations) of Debtor to Senior Creditor (including, without limitation, all of the indebtedness evidenced by or arising
Senior Creditor Indebtedness. All indebtedness, obligations and liabilities of Borrower (including, without limitation, principal, interest, fees, costs, commissions, expenses and attorneys' fees), now or hereafter owed by Borrower to Senior Creditor under or secured by the Senior Creditor Factoring Agreement, and any replacements, renewals, extensions, refundings or refinancings thereof.
Senior Creditor Indebtedness means all monetary obligations, liabilities and indebtedness of every nature of Debtor from time to time owed to Senior Creditor under the Senior Creditor Documents (but subject to the limitations contained herein and in Section 19 hereof), including, without limitation, the principal amount of all debts, claims and indebtedness, accrued and unpaid interest and all fees, costs and expenses, whether primary,