Senior Secured Liabilities definition

Senior Secured Liabilities means the Senior Secured Notes Liabilities, the Pari Passu Debt Liabilities and the Senior Liabilities.
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Senior Secured Liabilities means the Senior Liabilities and the Senior Secured Notes Liabilities.
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Senior Secured Liabilities means Credit Facility Liabilities, Note Liabilities and Eligible Hedging Liabilities.
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Examples of Senior Secured Liabilities in a sentence

  • The Senior Secured Liabilities are, and any Indebtedness incurred to refinance the Senior Secured Notes is permitted under the Bank Credit Facility to be and shall be, equally and ratably secured by all Collateral under the Pledge Agreement.

  • The holders of Senior Secured Liabilities shall be entitled to receive payment of all amounts due or to become due on or in respect of the Senior Secured Liabilities (including all Post-Petition Interest and Expense Claims), in full and in cash, before any Guarantor is entitled to receive any payment or distribution of any kind or character, whether in cash, property or securities or otherwise, on account of any of the Subordinated Liabilities.

  • She hoped the question was not decided and that it was already a “done deal” She noted that the coaches of student athletes routinely tell students how to vote and to attend public forums.She thought the fraternities and sororities would generally follow suit and that the vote for the voices of the vast majority of other students would be lost.

  • The order will appear on the customer's credit card under the name of "Retailer xxxxxxxxx.xxx" and proceeds from the sale shall be deposited into Retailer's designated bank account at the bank designated by GSI for full credit to Retailer.

  • Each of the Parties agrees that the Transaction Security shall rank and secure the Super Senior Liabilities and the Senior Secured Liabilities pari passu and without any preference between them.

  • If any Guarantor does not file any such claim at least 30 days prior to any applicable claims bar date, each holder of Senior Secured Liabilities is hereby authorized (but shall not be obligated), as attorney-in-fact for such Guarantor with full power of substitution, to file such claim or proof thereof in the name of such Guarantor.

  • If any Guarantor does not file any such claim at least 30 days prior to any applicable 71 claims bar date, each holder of Senior Secured Liabilities is hereby authorized (but shall not be obligated), as attorney-in-fact for such Guarantor with full power of substitution, to file such claim or proof thereof in the name of such Guarantor.

  • Unsecured Creditors So long as any of the Senior Secured Liabilities are or may be outstanding, no Unsecured Creditor (or any representative on its behalf) shall take or require the taking of any Enforcement Action against an Unsecured Guarantor in relation to the Unsecured Liabilities, except as permitted under Clause 2.3 (Permitted Enforcement: Unsecured Creditors).

  • The benefit of this Deed (including the warranties and undertakings and any sum received by the Offshore Security Agent pursuant to this Deed) shall be held by the Offshore Security Agent as trustee upon and subject to the terms of the Senior Finance Documents for the benefit of the relevant Senior Secured Parties as security for the Senior Secured Liabilities.

  • For the avoidance of doubt, while RAC Insurance Limited and RACMS (Ireland) Limited do form part of the Holdco Group, they will not be Obligors (see "Risk Factors— Certain members of the Holdco Group will not be guaranteeing the Obligor Senior Secured Liabilities (including the Class A IBLA) and will not be granting security over their assets").


More Definitions of Senior Secured Liabilities

Senior Secured Liabilities means the Liabilities owed by the Debtors or any other grantor of Transaction Security to the Senior Secured Creditors or any of them under or in connection with the Senior Secured Documents.
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Senior Secured Liabilities means all liabilities which the Grantor, the Security Parties or any of them have, at the date of this Deed or at any later time or times, to the Security Trustee or any other Creditor Party under or in connection with any Finance Document (other than, in the case of a Finance Document, any liabilities of the Grantor or the Security Parties (or any of them) thereunder which relate directly to, or arise from the Junior Loan Agreement, the Junior Master Agreements, the Junior Loan or the Swap Exposure (as defined in the Junior Loan Agreement)) or any Designated Transaction entered into pursuant to the Senior Master Agreements or any judgment relating to any Finance Document (other than any liabilities of the Grantor or the Security Parties (or any of them) thereunder which relate directly to, or arise from the Junior Loan Agreement, the Junior Master Agreements, the Junior Loan or the Swap Exposure (as defined in the Junior Loan Agreement)) and for this purpose, there shall be disregarded any total or partial discharge of those liabilities, or variation of their terms, which is effected by, or in connection with, any bankruptcy, liquidation, arrangement or other procedure under the insolvency laws of any country.
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Senior Secured Liabilities means all obligations, present, future or contingent, joint or several, of any TCN Entity or Telewest pursuant to the Senior Loan Agreement and/or any Senior Security Document.
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Senior Secured Liabilities has the meaning given to it in the Intercreditor Agreement. Shares means all present and future shares owned (legally or beneficially) by the Chargor (or held by any nominee on its behalf) in the Target whether in certified or uncertified form. Target means Ladbrokes Coral Group plc, registered company number 00566221.
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Senior Secured Liabilities has the meaning given to that term in the Intercreditor Agreement.
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Senior Secured Liabilities means all present and future sums, obligations and liabilities whatsoever (actual or contingent, joint or several or joint and several) payable, owing, due or incurred by the Borrower to the Senior Secured Parties under or in connection with the Senior Finance Documents (including at law or in equity), whether or not matured and whether or not liquidated (including without limitation any right of subrogation), including (without duplication) in respect of: (a) the Senior Loans (and all interest thereon) and all other obligations, advances, debts and liabilities of the Borrower, and each Equity Party, including indemnities, fees, interest, Breakage Costs, Hedging Termination Sums and Hedging Costs incurred under, arising out of or in connection with the Senior Loans, this Agreement, any Senior Facility Agreement, each Fee Letter, the Hedging Agreements or any other Senior Finance Document (whether or not evidenced by any note or instrument and whether or not for the payment of money); (b) any and all sums advanced by any Agent in order to preserve the interest of any Senior Secured Party in any Transaction Security; and (c) in the event of any proceedings for the collection or enforcement of any of the foregoing while an Event of Default subsists, the expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realising any asset which is the subject of a Security Document, or of any exercise by an Agent of its rights under the Security Documents, together with reasonable attorneys’ fees and court costs.
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Related to Senior Secured Liabilities

  • Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by the Noteholder First Lien Collateral), the Noteholder Obligations, and (b) with respect to Noteholder Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Revolving Facility Obligations.

  • Senior Secured Loan Any assignment of or Participation Interest in a Loan that: (a) is not (and cannot by its terms become) subordinate in right of payment to any other obligation of the obligor of the Loan (other than with respect to trade claims, capitalized leases or similar obligations); (b) is secured by a valid first-priority perfected security interest or lien in, to or on specified collateral securing the obligor’s obligations under the Loan (subject to customary exceptions for permitted liens, including, without limitation, tax liens); (c) the value of the collateral securing the Loan at the time of purchase together with other attributes of the obligor (including, without limitation, its general financial condition, ability to generate cash flow available for debt service and other demands for that cash flow) is adequate (in the commercially reasonable judgment of the Collateral Manager) to repay the Loan in accordance with its terms and to repay all other Loans of equal seniority secured by a first lien or security interest in the same collateral; and (d) is not secured solely or primarily by common stock or other equity interests; provided that if such Loan is made to a parent entity that is secured solely or primarily by the stock of one or more of the subsidiaries of such parent entity to the extent that the granting by any such subsidiary of a lien on its own property would violate law or regulations applicable to such subsidiary (whether the obligation secured is such Loan or any other similar type of indebtedness owing to third parties), then the limitation set forth in this clause (d) shall not apply with respect to such Loan.

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Senior Secured Indebtedness means, with respect to any Person as of any date of determination, any Specified Indebtedness; provided that such Indebtedness is in each case secured by a Lien on the assets of the Issuer or its Restricted Subsidiaries on a basis pari passu with or senior to the security in favor of the Notes.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Senior Secured Debt means, at any time, Consolidated Total Funded Debt that constitutes Senior Indebtedness secured by a Lien on any Collateral.

  • Senior Secured Credit Agreement means the Amended and Restated Credit Agreement dated as of July 31, 2008 among the Company, as Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders parties thereto from time to time, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 1111).

  • Senior Security Documents means with respect to any Senior Secured Party, the Security Documents that secure the Senior Obligations.

  • Senior Secured Leverage Ratio means, on any date of determination, the ratio of (i) Consolidated Senior Secured Net Debt on such date to (ii) Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided that for all purposes of this Agreement, Consolidated EBITDA for purposes of the Senior Secured Leverage Ratio shall be determined on a Pro Forma Basis.

  • Consolidated Senior Secured Indebtedness means, at any time, without duplication, the aggregate principal amount of all Consolidated Funded Indebtedness of the Company and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP that, as of such date, is secured by a Lien on any asset of the Company or any Restricted Subsidiary.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Junior Obligations means (i) all classes of share capital and participation securities (if any) of the Issuer and (ii) all other obligations of the Issuer that rank, or are expressed to rank, junior to claims in respect of the Notes and/or any Parity Obligation.

  • 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 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.

  • Consolidated Senior Secured Debt means, as of any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien on any asset or property of any Loan Party.

  • Consolidated Senior Secured Net Debt means, as of any date of determination, Consolidated Net Debt that is secured by a Lien on any asset or property of any Loan Party or any Restricted Subsidiary.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • Senior Secured Note Documents means the Senior Secured Note Indenture, the Senior Secured Note Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any security document relating to the Senior Secured Notes and/or the Senior Secured Note Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Additional First Lien Obligations means any Indebtedness having Pari Passu Lien Priority relative to the Notes with respect to all or a portion of the Collateral whose Authorized Representative has executed a joinder to the First Lien Intercreditor Agreement.

  • Discharge of Second Lien Obligations means the occurrence of all of the following:

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Issuer Secured Obligations means the Insurer Issuer Secured Obligations and the Trustee Issuer Secured Obligations.