Senior Lender Obligations definition

Senior Lender Obligations means all indebtedness and obligations owed by the Company to the Senior Lenders arising under or in connection with the Senior Lender Credit Agreements, as secured by the security agreements entered into by the Company in connection therewith; provided that the Senior Lender Obligations shall not include any letters of credit or any banker’s acceptances issued in favor of vendors of the Company’s Inventory to procure such Inventory.
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Senior Lender Obligations means all Obligations, together with all Senior Note Obligations.
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Senior Lender Obligations means all indebtedness, obligations and other liabilities (contingent or otherwise) payable to the Administrative Agent and the Lenders or affiliate of a Lender under the Credit Agreement or any other Senior Lender Document directly or indirectly by Borrowers or any other Loan Party and shall include, without limitation, Product Obligations (as defined in the Credit Agreement) and all interest accrued or accruing (or which would, absent the commencement of an Insolvency Proceeding, accrue) after the commencement of an Insolvency Proceeding in accordance with and at the rate specified in the Credit Agreement whether or not such interest is allowed as a claim in such Insolvency Proceeding. To the extent any payment with respect to any of the Senior Lender Obligations is declared to be fraudulent or preferential, set aside or required to be paid to a trustee, receiver or similar Person, then such payment or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred.
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Examples of Senior Lender Obligations in a sentence

  • The subordination provisions contained in the IDS Note Documents are enforceable against Holdings, each of its Subsidiaries, and the present and future holders (including any pledgees) of the IDS Note Documents, and all Senior Lender Obligations are included within the definition of “Guarantor Senior Indebtedness” and “Designated Senior Indebtedness” in such subordination provisions.

  • Each of the Sellers will enter into a written agreement with the Senior Lender acknowledging and agreeing directly with the Senior Lender that the obligations secured by such Seller’s General Security Agreement shall be subordinated and postponed to the prior payment in full of the Senior Lender Obligations.

  • Unless and until written notice from the Administrative Agent to the Trustee that all of the Senior Lender Obligations have been Paid In Full, neither the Trustee nor the Notes Collateral Agent shall file any other pleadings or motions, take any position at any bankruptcy court hearing or any other hearing or proceeding of any nature whatsoever, or otherwise take any action whatsoever in respect of any of the Senior Lender Priority Collateral in any Insolvency Proceeding.

  • The Obligations are intended to be classified as and shall constitute (i) "Senior Lender Obligations" under, and as that term is defined in, the 60 Subordination Agreement of even date herewith, delivered by Harbinger Mezzanine Partners, L.P., a Delaware limited partnership, and Petra Mezzanine Fund, L.P., a Delaware limited partnership, in favor of the Lender, and (ii) "Senior Debt" under, and as that term is defined in, each of the junior subordinated promissory notes referred to on Schedule 3 hereto.

  • This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until all Senior Lender Obligations and all Senior Noteholder Obligations shall have been Paid In Full.

  • Until the Senior Lender Obligations have been indefeasibly paid in full, no payments of principal, premium, interest, commitment or other fees shall be made with respect to any of the Subordinated Lender Obligations except as permitted pursuant to Section 4.3 hereof.

  • The priorities herein specified are applicable irrespective of the time of creation of Senior Lender Obligations or the Subordinate Lender Obligations.

  • Except as set forth in Section 4.14 hereof with respect to the termination of the subordination provisions, the agreements and other provisions set forth in this Agreement shall remain in full force and effect until all of the Senior Lender Obligations and Subordinated Lender Obligations shall have been indefeasibly paid in full.

  • The subordinations, agreements and other provisions set forth in this Article IV shall remain in full force and effect until all of the Senior Lender Obligations have been indefeasibly paid in full and the LIFO Credit Agreement terminated, regardless of whether any party hereto in the future seeks to rescind, amend, terminate or reform, by litigation or otherwise, its respective agreements with Borrower or any other Company.

  • No Subordinated Lender shall assign or transfer any claim, or suffer or permit the creation or attachment of any Lien, claim or encumbrance, hypothecation or pledge upon any claim, that such Subordinated Lender has or may have against any Company while any portion of the Senior Lender Obligations remain unpaid, unless such assignment or transfer is made expressly subject to this Agreement.


More Definitions of Senior Lender Obligations

Senior Lender Obligations means all indebtedness or other obligations incurred by Borrower or any other Company to the Senior Lenders pursuant to the LIFO Credit Agreement, whether for principal, premium, interest, fees, costs or indemnities, and whether now existing or hereafter arising.
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Senior Lender Obligations means all indebtedness, liabilities and obligations now or hereafter owing by Borrowers to Senior Lender under or in respect of the Senior Lender Loan Documents.
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Senior Lender Obligations mean the Obligations owed to Hercules Technology III, L.P., a Delaware limited partnership and Hercules Capital, Inc. (f/k/a, Hercules Technology Growth Capital, Inc.), a Maryland corporation.
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Related to Senior Lender Obligations

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Senior Lender means each holder of a Senior Note.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by the Noteholder First Lien Collateral), the Noteholder Obligations, and (b) with respect to Noteholder Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Revolving Facility Obligations.

  • Senior Debt Documents means (a) the Credit Agreement Loan Documents and (b) any Additional Senior Debt Documents.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

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

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

  • Notes Obligations means Obligations in respect of the Notes, this Indenture and the Guarantees.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

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

  • Guarantied Obligations or "Secured Obligations," as the case may be, in respect of the Obligations of Borrowers now or hereafter existing under or in respect of the Amended Agreement. Each Credit Support Party acknowledges and agrees that any of the Credit Support Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each Credit Support Party represents and warrants that all representations and warranties contained in the Amended Agreement and the Credit Support Documents to which it is a party or otherwise bound are true, correct and complete in all material respects on and as of the Second Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects on and as of such earlier date. Each Credit Support Party (other than Borrowers) acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Credit Support Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Credit Support Party to any future amendments to the Credit Agreement.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.