Senior Lien Debt definition

Senior Lien Debt means, with respect to any Collateral whose Excess Proceeds are required to be applied pursuant to Section 4.12, any Indebtedness or other Obligations secured by Liens on such Collateral ranking higher in priority than the Convertible Note Liens.

Senior Lien Debt means all Senior Lien Bonds and Senior Lien Obligations.

Senior Lien Debt has the meaning set forth in the Indenture.

Examples of Senior Lien Debt in a sentence

• The Indenture creates a pledge of and lien on the Revenues to pay Reimbursement Obligations subordinate only to Senior Lien Debt.

• Proceeds of each Series of Senior Lien Bonds or any Senior Lien Obligations shall be applied as specified in the Supplemental Indenture pursuant to which such Senior Lien Debt is issued or incurred.

• Such pledge of and lien on the Revenues and the Pledged Funds under the Indenture is a valid and binding pledge of the Authority, on a pari passu basis with the holders of all Parity Debt and shall only be subordinate to the Lien on Revenues and the Pledged Funds securing Senior Lien Debt, if any.

• The Indenture does not permit the issuance of any Debt secured by the Revenues to rank senior to lien on Revenues securing the Reimbursement Obligations, other than Senior Lien Debt issued under the Indenture.

• SUBORDINATE LIENS ON TAX INCREMENT REVENUES The Bond Resolution does not prohibit the Agency in any manner from issuing debt obligations of any kind secured by a lien on Pledged Revenues which is junior to the lien thereon of the Bonds and any Additional Bonds and Parity Obligations (collectively referred to herein as the "Senior Lien Debt").

More Definitions of Senior Lien Debt

Senior Lien Debt means all indebtedness or other obligations of the Authority having a lien upon the Revenues which is senior to that of the Notes and any Parity Debt, including, without limitation, the Senior Lien Bonds.

Senior Lien Debt has the meaning specified in Section 7.01(ii).

Senior Lien Debt has the meaning set forth in the I ndenture.

Senior Lien Debt shall not include (a) the aggregate outstanding principal amount of loans and outstanding letter of credit accommodations made intentionally or with actual knowledge by a Senior Lien Creditor pursuant to the Senior Lien Loan Documents (as in effect on the date hereof) in excess of the Maximum Senior Lien Debt or (b) any early termination fee payable pursuant to any Senior Lien Loan Documents. The term "Senior Lien Debt" shall include, obligations consisting of interest, fees, indemnities, costs or expenses, in each case whether or not charged by Senior Lien Creditors to the loan account of Borrower maintained by Senior Lien Creditors pursuant to the Senior Lien Loan Agreement.

Senior Lien Debt shall include, obligations consisting of interest, fees, indemnities, costs or expenses, in each case whether or not charged by Senior Lien Creditors to the loan account of Borrower maintained by Senior Lien Creditors pursuant to the Senior Lien Loan Agreement.

Senior Lien Debt means the Senior Bonds and Parity Obligations issued in accordance with the requirements of the Senior Indenture and the provisions thereof.

Senior Lien Debt means Indebtedness that is secured by Liens on the Collateral that are senior in priority to the Liens on the Collateral securing the Obligations.