Senior Subordinated Lenders definition

Senior Subordinated Lenders means the Lenders named in the Senior Subordinated Loan Agreement, and their successors and assigns.
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Senior Subordinated Lenders means the holders of the Senior Subordinated Notes.
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Senior Subordinated Lenders means each Initial Senior Subordinated Lender and any other Bank (as defined in the Senior Subordinated Facility Agreement) to whom any Senior Subordinated Liabilities become outstanding Provided that such Bank has acceded to this Agreement in accordance with Clause 16; and
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Examples of Senior Subordinated Lenders in a sentence

  • Section 1.1 of the existing Senior Subordinated Lenders Intercreditor Agreement among the Company, the Purchasers, and Oaktree is hereby amended by deleting the first sentence contained therein and substituting the following therefor: "Reference is made herein to the Notes Purchase Agreement of even date herewith, by and among LBI Intermediate Holdings, Inc.

  • The Financing Documents shall completely and fully supersede all other agreements, both written and oral, between the Senior Subordinated Lenders and the Borrower relating to the Obligations.

  • The Borrower has asked the Senior Subordinated Lenders for a senior subordinated term loan (the "Loan") in the principal amount of Three Million Dollars ($3,000,000) to be used by the Borrower for capital expenditures, general working capital and to pay all costs and expenses in connection with the Loan.

  • The purpose of these processes are to provide feedback about the compliance of a developer’s code to centrally defined rules and best practices.

  • To effectuate the foregoing intention, the Senior Subordinated Administrative Agent, the Senior Subordinated Lenders and the Guarantors hereby irrevocably agree that the Senior Subordinated Obligations of each Guarantor (other than Holdings) under this Senior Subordinated Guaranty at any time shall be limited to the maximum amount as will result in the Senior Subordinated Obligations of such Guarantor under this Senior Subordinated Guaranty not constituting a fraudulent transfer or conveyance.

  • The proceeds of the Loan shall be used by the Borrower for the purposes set forth in Recital A above, and, unless prior written consent of the Senior Subordinated Lenders holding at least a majority in outstanding principal amount of the Senior Subordinated Loans (the "Majority Lenders") is obtained, for no other purpose.

  • The Senior Subordinated Lenders agree to lend to the Borrower and the Borrower agrees to borrow from the Senior Subordinated Lenders, the principal sum of Three Million Dollars ($3,000,000) allocated among the Senior Subordinated Lenders as set forth in EXHIBIT A.

  • Each of the representations and warranties set forth in Section 4 of that certain Subordinated Securities Purchase Agreement between Senior Lender and the Borrower dated December 22, 2006 (as amended from time to time, the "Laurus Subordinated Securities Purchase Agreement") are hereby incorporated in this Agreement by reference and shall be deemed to be representations and warranties made by the Borrower to the Senior Subordinated Lenders as if set forth at length herein.

  • The Senior Subordinated Lenders shall have received an unconditional guaranty in form and substance satisfactory to the Senior Subordinated Lenders (the "Guaranty") from each of the Subsidiaries listed on EXHIBIT D.

  • The Loan Party Representative shall give to the Senior Subordinated Administrative Agent and the Senior Subordinated Lenders at least three Business Days' prior notice of each and every event or occurrence requiring a prepayment under Section 2.03(b)(i) or (ii), including the amount of Net Cash Proceeds expected to be received therefrom and the expected schedule for receiving such proceeds.


More Definitions of Senior Subordinated Lenders

Senior Subordinated Lenders means the Series A Debenture Holders.
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Senior Subordinated Lenders is a collective term which means each and all of the following: (a) Paribas Capital Funding LLC; (b) Exeter Capital Partners IV, L.P.; and (c) Exeter Venture Lenders L.P.
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Senior Subordinated Lenders means the holders of notes from time to time issued pursuant to the Senior Subordinated Loan Agreement.
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Senior Subordinated Lenders has the meaning set forth in the Recitals to this Agreement.
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Senior Subordinated Lenders means the financial institutions from time to time party to the Senior Subordinated Loan Agreement as lenders.
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Senior Subordinated Lenders as defined in the recitals to this Agreement.
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Related to Senior Subordinated Lenders

  • Senior Subordinated Debt means the Securities and any other Indebtedness of the Company that specifically provides that it is to rank pari passu with other Senior Subordinated Debt of the Company and is not subordinated to any Indebtedness of the Company that is not Senior Debt.

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Junior Subordinated Debt means (a) subordinated junior deferrable interest debentures of the Borrower, (b) the related preferred securities, if applicable, of Subsidiaries of the Borrower and (c) the related subordinated guarantees, if applicable, of the Borrower, in each case, from time to time outstanding.

  • 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.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • 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.

  • Senior Subordinated Notes means the Company's 10 1/2% Senior Subordinated Notes due 2009 issued pursuant to the Senior Subordinated Notes Indenture.

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Junior Subordinated Payment has the meaning specified in Section 13.2.

  • Junior Subordinated Notes means the $__________ aggregate principal amount of the Depositor's Series __ ____% Junior Subordinated Notes due ____ __, ____, issued pursuant to the Subordinated Indenture.

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Senior Subordinated Note Documents means the Senior Subordinated Notes, the Senior Subordinated Note Agreement, the Senior Subordinated Note Guarantees and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Agreement.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • Senior Subordinated Note Indenture means the Indenture dated as of May 12, 2009, between the Company and U.S. Bank National Association, as trustee, in respect of the 2020 Senior Subordinated Notes and the 2023 Senior Subordinated Notes, as supplemented and amended from time to time.

  • Senior Subordinated Indenture means the Indenture dated as of October 15, 1997 between the Company and State Street Bank and Trust Company, as trustee, as from time to time amended, restated, supplemented or otherwise modified.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Eligible Subordinated Debt means, at any time in respect of any issuer, each series of the issuer’s then-outstanding long-term indebtedness for money borrowed that (a) upon a bankruptcy, liquidation, dissolution or winding up of the issuer, ranks subordinate to the issuer’s then outstanding series of indebtedness for money borrowed that ranks most senior, (b) is then assigned a rating by at least one NRSRO (provided that this clause (b) shall apply on a Redesignation Date only if on such date the issuer has outstanding subordinated long-term indebtedness for money borrowed that satisfies the requirements in clauses (a), (c) and (d) that is then assigned a rating by at least one NRSRO), (c) has an outstanding principal amount of not less than $100,000,000, and (d) was issued through or with the assistance of a commercial or investment banking firm or firms acting as underwriters, initial purchasers or placement or distribution agents. For purposes of this definition as applied to securities with a CUSIP number, each issuance of long-term indebtedness for money borrowed that has (or, if such indebtedness is held by a trust or other intermediate entity established directly or indirectly by the issuer, the securities of such intermediate entity that have) a separate CUSIP number shall be deemed to be a series of the issuer’s long-term indebtedness for money borrowed that is separate from each other series of such indebtedness.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Permitted Subordinated Debt means Indebtedness incurred by Credit Parties; provided that (i) such Indebtedness shall be subordinated in right of payment to the payment in full of the Obligations, (ii) such Indebtedness shall be either (x) unsecured or (y) secured by the Collateral on a junior basis (including with respect to the control of remedies) with the Obligations, (iii) if such Indebtedness is secured, the holders of such Indebtedness (or their senior representative or agent) and the Collateral Trustee shall be party to a subordination agreement reasonably satisfactory to the Requisite Holders, (iv) such Indebtedness shall not be at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors and the terms of such guarantee shall be no more favorable to the secured parties in respect of such Indebtedness than the terms of the Guarantee, (v) such Indebtedness shall have covenants, default and remedy provisions and other terms and conditions (other than interest, fees, premiums, funding discounts or optional prepayment or redemption provisions) that are substantially identical to, or less favorable to the investors providing such Indebtedness than, those set forth in this Indenture, (vi) the maturity date of such Indebtedness shall be no earlier than the date that is ninety one (91) days after the Stated Maturity Date, and (vii) there shall be no scheduled amortization of such Indebtedness, and such Indebtedness shall not be subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (except customary asset sale or change-of-control provisions that provide for the prior repayment in full of the Notes and all other Obligations), in each case prior to the date that is ninety one (91) days after the Stated Maturity Date.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Available Subordinated Amount if there is a Subordinate Class with respect to Class A, shall mean, on a Distribution Date, the sum of