Senior Facility Liabilities definition

Senior Facility Liabilities means the Liabilities owed by any or all of the Debtors to any or all of the Senior Facility Creditors under the Senior Facility Finance Documents.
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Examples of Senior Facility Liabilities in a sentence

  • The Debtors may make Payments of the Senior Facility Liabilities at any time in accordance with the Finance Documents.

  • Each of the Parties agrees that the Transaction Security shall rank and secure the Senior Facility Liabilities, the Bond Liabilities, the Cash Management Liabilities and the Hedging Liabilities pari passu and without any preference between them, but only to the extent that such Transaction Security is expressed to secure those Liabilities.

  • If any Disposal Proceeds are required to be applied in mandatory prepayment of the Senior Facility Liabilities in accordance with the terms of the Facilities Agreement then, subject to Clause 14.4 (Adjustment of Mandatory Prepayments), those Disposal Proceeds shall be applied in or towards Payment of the Senior Facility Liabilities in accordance with the terms of the Facilities Agreement and the consent of any other Party shall not be required for that application.

  • If any Disposal Proceeds are required to be applied in mandatory prepayment of the Senior Facility Liabilities and/or Bond Liabilities then those Disposal Proceeds shall be applied in or towards Payment of the Senior Facility Liabilities and/or Bond Liabilities in accordance with the terms of the Senior Facilities Agreement, and/or Bond Terms (as applicable) and the consent of any other Party shall not be required for that application.

  • No Senior Finance Party may take any enforcement action against any Debtor in relation to any of the Senior Facility Liabilities or instruct the Common Security Agent to enforce the Common Transaction Security as a result of a Senior Loan Event of Default if that Senior Loan Event of Default is a Curable Default, until the expiry of the applicable Grace Period, and if, within the Grace Period, the Mezzanine Lenders have made the necessary Cure Payment to remedy that Senior Loan Event of Default.

  • If any Proceeds are required to be applied in mandatory prepayment of the Senior Facility Liabilities then, subject to Clause 14.4 (Adjustment of Mandatory Prepayments), those Proceeds shall be applied in or towards Payment of the Senior Facility Liabilities in accordance with the terms of the Facilities Agreement and the consent of any other Party shall not be required for that application.

  • Each of the Parties agrees that the Senior Facility Liabilities, the Bond Liabilities, the Cash Management Liabilities and the Hedging Liabilities shall rank in right and priority of payment pari passu and without any preference between the Senior Facility Liabilities, the Bond Liabilities, the Cash Management Liabilities and the Hedging Liabilities.

  • If any Proceeds are required to be applied in mandatory prepayment of the Senior Facility Liabilities then, subject to Clause 13.3 (Adjustment of Mandatory Prepayments), those Proceeds shall be applied in or towards Payment of the Senior Facility Liabilities in accordance with the terms of the Senior Term Facilities Agreement and the consent of any other Party shall not be required for that application.

  • The Borrower may make Payments of the Senior Facility Liabilities at any time in accordance with the Senior Finance Documents.

  • Each of the Parties agrees that the Transaction Security shall subject only to Clause 16 (Application of Proceeds) rank and secure the Senior Facility Liabilities and the Hedging Liabilities pari passu and without any preference between them.

Related to Senior Facility Liabilities

  • Senior Facility Agreement means the Facility Agreement dated 27 June 2016 (as amended from time to time) between, among others, Bendon Limited (as initial borrower) and the Debtor (as initial guarantor), and all other loan facility agreement(s) between (among others) the Senior Creditor and the Debtor from time to time and also includes each other document evidencing the provision of, or setting out the terms that apply to, any Senior Debt (of whatever nature) made or to be made available by the Senior Creditor to the Debtor from time to time (howsoever documented).

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra‑Group Lenders.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Hedging Liabilities means the Liabilities owed by any Debtor to the Hedge Counterparties under or in connection with the Hedging Agreements.

  • Senior Liabilities means all present and future moneys, debts and liabilities due, owing or incurred by the Obligors to any Finance Party under or in connection with any Finance Document (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise).