Senior Junior Loans definition

Senior Junior Loans shall have the meaning assigned to such term in the Intercreditor Agreement.
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Senior Junior Loans means (i) with respect to the First Mezzanine Loan, none of the other Junior Loans; (ii) with respect to the Second Mezzanine Loan, First Mezzanine Loan; (iii) with respect to the Third Mezzanine Loan, the First Mezzanine Loan and the Second Mezzanine Loan; (iv) with respect to the Fourth Mezzanine Loan, the First Mezzanine Loan, the Second Mezzanine Loan and the Third Mezzanine Loan; (v) with respect to the Fifth Mezzanine Loan, the First Mezzanine Loan, the Second Mezzanine Loan, the Third Mezzanine Loan and the Fourth Mezzanine Loan; (vi) with respect to the Sixth Mezzanine Loan, the First Mezzanine Loan, the Second Mezzanine Loan, the Third Mezzanine Loan, the Fourth Mezzanine Loan and the Fifth Mezzanine Loan and (vii) with respect to the Seventh Mezzanine Loan, the First Mezzanine Loan, the Second Mezzanine Loan, the Third Mezzanine Loan, the Fourth Mezzanine Loan, the Fifth Mezzanine Loan and the Sixth Mezzanine Loan. As the context requires, Senior Junior Loans shall have the following order of priority: (i) first, First Mezzanine Loan; (ii) second, Second Mezzanine Loan; (iii) third, Third Mezzanine Loan; (iv) fourth, Fourth Mezzanine Loan; (v) fifth, the Fifth Mezzanine Loan, (vi) sixth, the Sixth Mezzanine Loan and (vii) seventh, the Seventh Mezzanine Loan.
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Senior Junior Loans means (i) with respect to the First Mezzanine Loan, none of the other Junior Loans; and (ii) with respect to the Second Mezzanine Loan, the First Mezzanine Loan. As the context requires, the Senior Junior Loans shall have the following order of priority: (i) first, the First Mezzanine Loan; and (ii) second, the Second Mezzanine Loan.
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Examples of Senior Junior Loans in a sentence

  • Such Purchasing Holders may not close the purchase of the Senior Loan or any Optioned Junior Loan, as the case may be, without concurrently closing the purchase of the applicable Senior Junior Loans or the applicable Additional Covered Junior Loan(s), respectively.

  • If any Purchasing Holder fails to deliver its pro rata share of the Total Purchase Price within such seven (7) Business Day period, in accordance with terms of this Section 5, then such Holder shall cease to have any right to purchase either the Senior Loan together with the Senior Junior Loans, or the Optioned Junior Loan together with the Additional Covered Junior Loan(s), as applicable, in connection with the applicable Purchase Option Event.

  • A Subordinate Junior Lender may not close the purchase of the Senior Loan without concurrently closing the purchase of the applicable Senior Junior Loans in accordance with the terms of this paragraph.

  • A Subordinate Junior Lender may not close the purchase of the Senior Loan without concurrently closing the purchase of all Senior Junior Loans in accordance with the terms of this paragraph.

Related to Senior Junior Loans

  • Senior Loans means the term loans made by the Senior Lenders to the Borrower pursuant to the Senior Term Loan Agreement.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.