Senior Secured First Lien Debt definition

Senior Secured First Lien Debt means those portfolio investments of the Company and its consolidated Subsidiaries that are categorized as “Senior Secured First Lien Debt” in the Company’s Condensed Consolidated Schedule of Investments, as prepared on a consolidated basis in accordance with GAAP.
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Senior Secured First Lien Debt means, on the date of determination, the sum of all Canadian Obligations and all US Obligations, including but not limited to (i) the sum of all outstanding Advances under the Canadian Revolving Credit, US Revolving Credit, Canadian Swing Line, US Swing Line and the Term Loan, (ii) the sum of the US Reimbursement Obligations and the Canadian Reimbursement Obligations, (iii) and the positive mark to Market Exposure of any Credit party, all calculated as of the date of determination.
Sample 1
Senior Secured First Lien Debt means, on the date of determination, the sum of all Canadian Obligations and all US Obligations, including but not limited to (i) the sum of all outstanding Advances under the Canadian Revolving Credit, US Revolving Credit, Canadian Swing Line, US Swing Line and the Term Loan, (ii) the sum of the US Reimbursement Obligations and the Canadian Reimbursement Obligations, (iii) and the positive xxxx to Market Exposure of any Credit party, all calculated as of the date of determination.
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Examples of Senior Secured First Lien Debt in a sentence

  • The Agent shall have received evidence of a pro forma Senior Secured First Lien Debt to Adjusted EBITDA Ratio of not more than 2.75 to 1.00 as of the Effective Date and Consolidated Total Debt to Adjusted EBITDA of not more than3.30 to 1.00 as of the Effective Date.

  • Senior Secured First Lien Debt 8.00% 4.00% 12.00% $ 258 $ 129 $ 387F+W Media, Inc.

  • Senior Secured First Lien Debt 9.00% 6.00% 15.00% $ 578 $ 194 $ 772CHC Solutions Inc.


More Definitions of Senior Secured First Lien Debt

Senior Secured First Lien Debt means all Indebtedness for Borrowed Money of the Borrower and the Subsidiaries Incurred under the Credit Agreement.
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Related to Senior Secured First Lien Debt

  • Senior Secured Indebtedness means, as of any date of determination, the principal amount of any Indebtedness for borrowed money that is secured by a Lien.

  • First Lien Debt means the Initial First Lien Debt and any Additional First Lien Debt.

  • Guarantor Senior Indebtedness means the principal of, premium, if any, and interest (including interest accruing after the filing of a petition initiating any proceeding under any state, federal or foreign bankruptcy laws whether or not allowable as a claim in such proceeding) on any Indebtedness of any Guarantor (other than as otherwise provided in this definition), whether outstanding on the date of this Indenture or thereafter created, incurred or assumed, and whether at any time owing, actually or contingent, unless, in the case of any particular Indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such Indebtedness shall not be senior in right of payment to any Guarantee. Without limiting the generality of the foregoing, "Guarantor Senior Indebtedness" shall include (i) the principal of, premium, if any, and interest (including interest accruing after the filing of a petition initiating any proceeding under any state, federal or foreign bankruptcy law whether or not allowable as a claim in such proceeding) and all other obligations of every nature of any Guarantor from time to time owed to the lenders (or their agent) under the Bank Credit Agreement; provided, however, that any Indebtedness under any refinancing, refunding or replacement of the Bank Credit Agreement shall not constitute Guarantor Senior Indebtedness to the extent that the Indebtedness thereunder is by its express terms subordinate to any other Indebtedness of any Guarantor, (ii) Indebtedness evidenced by any guarantee of the Founders' Notes and (iii) Indebtedness under Interest Rate Agreements. Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include (i) Indebtedness evidenced by the Guarantees, (ii) Indebtedness that is subordinate or junior in right of payment to any Indebtedness of any Guarantor, (iii) Indebtedness which when incurred and without respect to any election under Section 1111(b) of Title 11 of the United States Code, is without recourse to any Guarantor, (iv) Indebtedness which is represented by Disqualified Equity Interests, (v) any liability for foreign, federal, state, local or other taxes owed or owing by any Guarantor to the extent such liability constitutes Indebtedness, (vi) Indebtedness of any Guarantor to a Subsidiary or any other Affiliate of the Company or any of such Affiliate's subsidiaries, (vii) Indebtedness evidenced by any guarantee of any Subordinated Indebtedness or Pari Passu Indebtedness, (viii) that portion of any Indebtedness which at the time of issuance is issued in violation of this Indenture and (ix) Indebtedness owed by any Guarantor for compensation to employees or for services.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Junior Lien Debt means Indebtedness incurred by a Covenant Entity that is secured by a Lien that is junior to the Lien on the Collateral securing the Obligations.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.