Senior Loans definition

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

Senior Loans has the meaning given to such term in Section 10.4(b).

Senior Loans has the meaning set forth in paragraph (vii) of the definition of “Xxxxx’x Discount Factor.”

Examples of Senior Loans in a sentence

• After the Senior Loans have been paid in full equitable adjustments will be made in connection with future payments by the Borrower to the extent a portion of the Senior Loans had been repaid with amounts that otherwise would have been distributed to a Defaulting Lender but for the operation of this Section 10.14.

• Although the Trust's NAV will vary, the Trust's policy of acquiring interests in floating or variable rate Senior Loans is expected to minimize fluctuations in the Trust's NAV as a result of changes in interest rates.

• As a result, as short-term interest rates increase, the interest payable to the Trust from its investments in Senior Loans should increase, and as short-term interest rates decrease, the interest payable to the Trust on its investments in Senior Loans should decrease.

• All amounts paid by the Borrower and otherwise due to be applied to the Obligations owing to such Defaulting Lender pursuant to the terms hereof shall be distributed by the Administrative Agent to the other Lenders in accordance with their respective Percentages (recalculated for the purposes hereof to exclude the Defaulting Lender) until all Senior Loans have been paid in full.

• Senior Loans typically hold a first lien priority and, unless otherwise indicated, are required to pay interest at floating rates that are periodically reset by reference to a base lending rate plus a spread.

More Definitions of Senior Loans

Senior Loans means senior secured floating rate corporate loans typically issued by non-investment grade companies (and unless otherwise specifically noted herein means senior secured floating rate loans issued by non-investment grade companies), with exposure to such gained through (i) direct purchase of senior loans made by banks or other financial institutions to borrowers, (ii) assignments of such interests in senior loans, or (iii) participation interests in senior loans.

Senior Loans shall have the meaning assigned to the term “Loans” in the Senior Loan Agreement.

Senior Loans the loans made by the Senior Lender to the Borrower pursuant to the Senior Loan Agreement.

Senior Loans means the loans extended under the ZAR 502,618,734.27 and BWP equivalent of ZAR 78,814,868, senior unsecured loan facility agreement entered into by ECL and the Senior Lendersin connection with the Restructuring.

Senior Loans means a loan made or to be made by a Senior Lender to OT LLC under the CTA.

Senior Loans means a loan made or to be made by a Senior Lender to OT LLC under the CTA. “Sponsor Senior Loan” has the meaning ascribed thereto in the CTA.

Senior Loans means the Term Loans, Swing Loans and Revolving Loans under the Senior Credit Agreement, as such terms are defined therein.