Senior Debt Facilities definition

Senior Debt Facilities means the Senior Credit Agreement and any Additional Senior Debt Facilities.

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Senior Debt Facilities means the Credit Agreement Facility, the Existing First Lien Notes and the Odeon Facility.

Senior Debt Facilities means the Indebtedness of any Loan Party under (i) the ABL Credit Agreement, (ii) the Term Loan Facility, (iii) the Ontario CapEx Facility and (iv) the Federal CapEx Facility.

Examples of Senior Debt Facilities in a sentence

The Issuer shall ensure that the total amounts outstanding under the Senior Debt Facilities (excluding Temporary Importation Facilities) and any other secured or unsecured Financial Indebtedness incurred by any Group Company on average per Drillship and, if any, per Additional Offshore Unit on a cumulative basis (the “Average Leverage”) shall never constitute more than USD 475 million (the “Average Leverage Cap”).
Pursuant to Section 5.11 of the Senior Credit Agreement or comparable provisions of Additional Senior Debt Facilities, certain wholly owned Domestic Subsidiaries that were not in existence or not a Domestic Subsidiary on the 2009 Restatement Effective Date are required to enter into this Agreement as a Grantor upon becoming a Domestic Subsidiary.
The Issuer shall ensure, and shall ensure that all other Group Companies shall ensure, that total amount of Senior Debt Facilities which is secured against the UDW Units shall never constitute more than USD 550 million in average per UDW Unit (the “Cap”).
Prior to the making of each Restricted Payment and, in any event, no later than six (6) months following the Project Completion Date, the Borrower shall have deposited in the Senior Debt Facilities Debt Service Reserve Account an amount equal to the Required Debt Service Reserve Amount or, solely in the case of Sponsor Case Restricted Payments prior to the Project Completion Date, the Sponsor Case Required Debt Service Amount (as defined in the Accounts Agreement).
Since March 31, 2020, there shall not have occurred, and there shall not exist (i) except as described in the Offering Memorandum, any Event that has had or reasonably would be expected to have, individually or in the aggregate, a Material Adverse Effect, or (ii) any default or event of default under any material contract, including no Default or Event of Default (as each is defined under each Senior Debt Facilities) under each Senior Debt Facilities.
The total amount of Senior Debt Facilities which is secured against the New UDW Units shall not be limited.

More Definitions of Senior Debt Facilities

Senior Debt Facilities means (i) the Projects Facilities Agreement, (ii) the Temporary Importation Facilities, (iii) any future customary senior secured debt facilities provided by banks and/or financial institutions including ECAs and (iv) any future 1st priority senior secured bond financing, in each case, obtained by a Group Company to finance any of, or in relation to any of, the Drillships or any Additional Offshore Unit and including any refinancing, amendments or replacements of any of the above from time to time.

Senior Debt Facilities means the financial accommodation made available to the Borrower under the Senior Facility Agreement;

Senior Debt Facilities shall have the meaning assigned to such term in the Intercreditor Agreement.

Senior Debt Facilities means any existing and future customary secured bank debt and first priority bond financing (as such financing may be amended and replaced from time to time) for the purpose of financing the UDW Units and any New UDW Units.

Senior Debt Facilities means: (a) the Credit Agreement, dated as of September 19, 2011, by and among the Company and the lenders from time to time party thereto, W▇▇▇▇ Fargo Bank, National Association, as Administrative Agent and L/C Issuer, and Bank of America, N.A., as Existing L/C Issuer and Swing Line Lender; and (b) any other, notes, agreements and documents entered into in connection with such agreement.

Senior Debt Facilities means the First Lien Credit Agreement and any Future Secured Debt Facilities.