Senior Debt Cap definition

Senior Debt Cap means the result of (a) $20,000,000, plus (b) interest, fees, expenses and all other amounts that are capitalized pursuant to the terms of the Senior Loan Agreement.

Senior Debt Cap means the sum of (a) $68,750,000, plus (b) 125% of the amount of incremental facility commitments or loans incurred under the Senior Credit Agreement, as in effect on the Senior First Amendment Effective Date, plus (c) the amount of any unpaid accrued interest, paid in kind amounts, premiums, fees or expenses accruing in respect of or attributable to the foregoing.

Senior Debt Cap means principal indebtedness under the Senior Notes in an amount outstanding at any time of up to Seventy Million U.S. Dollars ($70,000,000).

Examples of Senior Debt Cap in a sentence

• The Maker agrees not to, and will not permit any subsidiary to, create, incur, assume, suffer, or permit to exist, guaranty, or in any other manner become liable with respect to, any indebtedness for borrowed money in excess of the Senior Debt Cap that is senior in right of payment or otherwise to the Note.

• Each Subordinated Creditor agrees that the Senior Creditor may consent to the use of cash collateral to provide financing to Borrower on such terms and conditions and in such amounts as the Senior Creditor, in its sole discretion, may decide and that no Subordinated Creditor shall contest or oppose in any manner, such cash collateral use or financing; provided that the amount of such financing plus the amounts outstanding under the Senior Loan Agreement shall not exceed the Senior Debt Cap.

• As long as such Refinancing complies with the terms of this Agreement, the Senior Debt Obligations may be Refinanced, in whole or in part, in an amount up to the Senior Debt Cap, with prior written notice to, but without the consent of Subordinated Creditor, all without affecting the priorities provided for herein or the other provisions hereof.

• To the extent that proceeds of Collateral exist following payment of the Second Priority Obligations, and amounts in excess of the Senior Debt Cap remain outstanding, such proceeds shall be applied to the payment in full of such amounts or in accordance with applicable law.

• ACQUISITION DOCUMENTS -- is defined in Section B.6. ADJUSTED BASE SENIOR DEBT CAP -- means, at any time, the result of (a) the Base Senior Debt Cap, minus (b) the Senior Debt Reduction Amount at such time.

More Definitions of Senior Debt Cap

Senior Debt Cap means Senior Debt which shall not exceed an aggregate principal amount (other than in respect of Bank Services Debt and Hedging Services Debt) of Eight Million Two Hundred Fifty Thousand Dollars ($8,250,000); provided that the Senior Debt Cap shall not limit that amount of interest, fees, charges, expenses, indemnification claims and payments, and other like amounts payable to Bank pursuant to the Senior Loan Documents.

Senior Debt Cap means, as of the date of any determination, the sum of (a) (i) $341,275,000, plus (ii) all interest, fees, costs, expenses and indemnities in respect of the principal amount under clause (i) or otherwise payable under the Senior Debt Documents, including all such amounts that accrue from and after the commencement of a Proceeding, whether or not such amounts are allowed or allowable, minus (b) the aggregate amount of any permanent prepayments or repayments of principal of the Senior Debt (and in the case of any prepayments or repayments revolving loans, only to the extent such prepayment or repayment is accompanied by a corresponding permanent commitment reduction) following the date hereof, excluding any prepayment resulting from any Permitted Refinancing.

Senior Debt Cap with respect to the Senior Loans, means the aggregate principal amount of the following (all as determined exclusive of all interest, fees (including attorneys’ fees) and expenses, amounts (including, without limitation, attorneys’ fees and fees, expenses and obligations in respect of returned items and overdrafts or reversed payment orders, and fees and expenses in respect of cash management and treasury management services in line with the customary fees and expenses of a third-party provider of such services or, if Agent or an affiliate of Agent is the provider, in line with the reasonable and customary fees and expenses of such provider) expended by Agent or Senior Lenders and remitted to Persons other than the Credit Parties to enforce its rights and remedies in respect of the Collateral, the Senior Loans, or both, and all indemnity obligations): (i) $ 30,000,000, plus (ii) during a Proceeding of any Credit Party, incremental principal amount not to exceed (if funded pursuant to a DIP Financing) to 15% of the sum of the aggregate principal amount funded and outstanding under the immediately preceding clause (i) as of the day immediately preceding the commencement of such Proceeding, minus (iii) the amount of all payments of principal of (x) all term loans and (z) revolving loan obligations under the Senior Credit Agreement that result in a permanent reduction of the revolving credit commitments under the Senior Credit Agreement (other than (A) payments of such revolving loan obligations in connection with a refinancing thereof, including any Permitted Refinancing, and (B) any commitment reduction occurring as a result of a default under the Senior Loan Documents that does not constitute a permanent commitment reduction).

Senior Debt Cap means, at any time, an amount equal to (i) $300,000,000 (plus any capitalized interest on the Third Lien Loan Documents) less (ii) the total aggregate amount (including any capitalized interest) of the indebtedness under the Third Lien Loan Documents that is or has been converted into Common Stock.

Senior Debt Cap means $726.9 million, (ii) “Revolving Debt” means the amounts outstanding under the Amended and Restated Credit Agreement, dated as of January 9, 2004, as amended and restated as of November 7, 2008, and as further amended and restated as of September 16, 2009, among AAM, AAM Holdings, the Lenders party thereto, JPMorgan Chase Bank, N.A., J.X. Xxxxxx Securities Inc. and Banc of America Securities LLC, and (iii) “Term Debt” means the amounts outstanding under the Credit Agreement, dated as of June 14, 2009, as amended and restated as of September 16, 2009, among AAM, AAM Holdings, the Lenders party thereto, JPMorgan Chase Bank, N.A., J.X. Xxxxxx Securities Inc. and Banc of America Securities LLC; and

Senior Debt Cap means $100,000,000.

Senior Debt Cap means the principal amount of the Obligations under the First Priority Documents, not exceed at any time $25,000,000 in the aggregate, minus (b) the sum of (i) the aggregate amount of all payments of Revolving Loans that result in a permanent reduction of the total Revolving Commitment under the First Priority Documents (other than payments of Revolving Loans in connection with a Refinancing thereof) plus (ii) the aggregate amount of all principal payments and prepayments of the Total Term Loan Outstandings received by the First Priority Lenders that result in a permanent reduction of the total Term Loan Commitment under the First Priority Documents (other than payments of the Term Loan in connection with a Refinancing thereof in accordance with the terms hereof).