Senior Notes Escrow Account definition

Senior Notes Escrow Account means the escrow account to be established and maintained by the Borrower with the Administrative Agent for the purpose of receiving and holding funds in escrow solely for the repayment of amounts outstanding under the Senior Notes (including the payment of any related interest and premiums) to the extent (i) the escrow terms, (ii) documentation and (iii) the arrangements pursuant to which such Senior Notes will be repaid with the amounts held in the Senior Notes Escrow Account, in each case, are reasonably satisfactory to the Administrative Agent.
Sample 1Sample 2Sample 3
Senior Notes Escrow Account means the escrow account into which the gross proceeds of the offering of the Senior Notes were deposited on the Issue Date;
Sample 1Sample 2Sample 3
Senior Notes Escrow Account means the escrow account with a bank or trust company with not less than $100,000,000 in assets, as escrow agent, set up by the Company in accordance with the Senior Notes Indenture, which escrow account shall be pledged to the Senior Notes Trustee for the benefit of the holders of the Senior Notes and, subject to the terms of the Senior Notes Intercreditor Agreement, the Holders.
Sample 1Sample 2

Examples of Senior Notes Escrow Account in a sentence

  • Such decrease in the Borrowing Base shall occur automatically upon the receipt of the net proceeds of the 2024 Senior Notes from the 2024 Senior Notes Escrow Account by the Borrower, without any vote of the Lenders or action by the Administrative Agent.

  • To the extent of a deficiency between the Secured Senior Notes Escrow Account and the Secured Senior Notes Claims, holders of General Unsecured Claims will share pro rata with the holders of the Secured Senior Notes Claims to the extent of such deficiency.

  • Accordingly, each holder of an Allowed Secured Senior Notes Claim will receive its proportion of the funds in the Secured Senior Notes Escrow Account determined with respect to the Class of Secured Senior Notes Claims.

  • In addition, each such holder will receive a proportion of Available Cash determined with respect to the Secured Senior Notes Claims in excess of the funds received from the Secured Senior Notes Escrow Account and all General Unsecured Claims.

  • The Secured Senior Notes Escrow Account is an account established to secure the payment of Claims with respect to the 13 1/2% Senior Discount Notes due 2008 and the 12 3/4% Senior Notes due 2009 (but only to the extent that funds are held in such escrow account for the purpose of securing such payments pursuant to the express terms of that certain Pledge and Escrow Agreement, dated as of April 23, 1999, subject to all rights and defenses of the holders of the Secured Senior Notes).

  • As such, upon receipt by the Borrower of the net proceeds from the issuance of the 2024 Senior Notes from the 2024 Senior Notes Escrow Account, the Borrowing Base and, per Section 2.06(c)(iii) of the Credit Agreement, the Aggregate Elected Commitments, in each case, shall be automatically reduced by an amount equal to 25% of the aggregate stated principal amount of the 2024 Senior Notes.

  • Thus, to the extent of a deficiency between the Secured Senior Notes Escrow Account and the Secured Senior Notes Claims, the deficiency claims of the holders of Secured Senior Notes Claims will share pro rata with the holders of General Unsecured Claims.


More Definitions of Senior Notes Escrow Account

Senior Notes Escrow Account the escrow account into which the proceeds of the Senior Notes are to be deposited prior to the release of such funds to Quiksilver, which funds shall be released in accordance with escrow documentation in form and substance reasonably satisfactory to the Administrative Agents.
Sample 1
Senior Notes Escrow Account means the escrow account to be established and maintained by the Borrower with
Sample 1
Senior Notes Escrow Account means the account or accounts with the Escrow Agent into which the net proceeds of the issuance of the Notes (other than the Retained Fee) will be deposited.
Sample 1
Senior Notes Escrow Account means the account with the Escrow Agent into which the net proceeds of the issuance of the Notes issued on the Issue Date will be deposited.
Sample 1

Related to Senior Notes Escrow Account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Senior Notes Claim means a Claim arising under or as a result of the Senior Notes.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Seller Notes means the series of unsecured, subordinated promissory notes in the initial aggregate principal amount of $100 million issued to Globetrotter Co-Investment B LP and to the selling equity holders of Lakeland Holdings, LLC (including the intragroup back-to-back notes issued by certain Debtors to other Debtors related thereto) and the guarantees provided by Lakeland Seller Finance, LLC in respect thereof, in connection with that certain Sale and Merger Agreement dated as of November 8, 2017, by and among WS Holdings Acquisition, Inc., as Purchaser, WS Holdings, Inc. as Blocker Corp., Lakeland Holdings, LLC as the Company, Lakeland Merger Sub II, LLC as Merger Sub, Globetrotter Co-Investment B LP as Blocker Seller and, solely in its capacity as Representative in accordance with the terms of the Sale and Merger Agreement, Metalmark Management II LLC.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Senior Notes means $500,000,000 in aggregate principal amount of the Borrower’s 6.75% senior unsecured notes due 2025 issued pursuant to the Senior Notes Indenture on the Closing Date.

  • Fundserv Notes means Notes purchased through Fundserv.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Senior Note Indentures means, collectively, the Senior Note (2020) Indenture, the Senior Note (2021) Indenture, the Senior Note (2022) Indenture and the Senior Note (2023) Indenture.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).