Senior Liabilities definition

Senior Liabilities means the Senior Lender Liabilities and the Hedging Liabilities.

Senior Liabilities means all present and future sums liabilities and obligations payable or owing by the Borrower (whether actual or contingent, jointly or severally or otherwise) but not including Subordinated Liabilities;

Senior Liabilities means all Liabilities except the Subordinated Liabilities and Excluded Liabilities;

Examples of Senior Liabilities in a sentence

• Ancillary Lenders and Issuing Banks), so long as any of the Senior Liabilities or Super Senior Liabilities (other than any Liabilities owed to the Ancillary Lenders, Issuing Banks or the Cash Management Facility Lenders) are or may be outstanding, neither the Ancillary Lenders, the Issuing Banks nor the Cash Management Facility Creditors shall be entitled to take any Enforcement Action in respect of any of the Liabilities owed to it.

• Pari Passu Creditors) and if, for any reason, a Super Senior Hedge Transfer cannot be made in accordance with Clause 4.9 (Super Senior Hedge Transfer: Pari Passu Creditors), no Super Senior Liabilities Transfer may be required to be made.

• Subject to Clause 3.8 (Permitted Enforcement: Ancillary Lenders and Issuing Banks), so long as any of the Super Senior Liabilities (other than any Liabilities owed to the Ancillary Lenders or Issuing Banks) are or may be outstanding, neither the Ancillary Lenders nor the Issuing Banks shall be entitled to take any Enforcement Action in respect of any of the Liabilities owed to it.

• The provisions of this Clause 3 insofar as they relate to Issuing Banks and Ancillary Lenders shall only apply to restrict or, as the case may be, permit the actions of any Issuing Bank or Ancillary Lender where the underlying Liabilities owed to that Issuing Bank or Ancillary Lender are Super Senior Liabilities.

More Definitions of Senior Liabilities

Senior Liabilities means all obligations of the Purchaser to the Trust and any other obligations of the Purchaser arising under or in connection with the Sale and Servicing Agreement, howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or thereafter existing, or due or to become due on or before the Final Maturity Date.

Senior Liabilities. ’ means all liabilities of the Issuer except subordinated liabilities; and

Senior Liabilities means all amounts that are “Senior Secured Liabilities” under and as defined in the Intercreditor Agreement or which do not constitute such liabilities solely because they are unsecured and the holders thereof have accordingly not become parties to the Intercreditor Agreement.

Senior Liabilities means all Liabilities including Hedging Liabilities owed by an Obligor or (in the case of Hedging Liabilities) by any member of the Group to any Senior Finance Party under or in connection with the Senior Finance Documents, together with any related Additional Liability.

Senior Liabilities means for any Person at any time, all Debt, other than contingent liabilities and Subordinated Debt.

Senior Liabilities as used herein, shall include, without limitation, any and all interest accruing on any of the Senior Liabilities after the commencement of any proceedings referred to in paragraph 4 hereof, notwithstanding any provision or rule of law which might restrict the rights of the Bank, as against the Borrowers or anyone else, to collect such interest.

Senior Liabilities means the sum of total liabilities, including Capital Lease Obligations and all reserves for deferred taxes and other deferred items appearing on the liabilities side of a balance sheet, determined in accordance with GAAP.