Senior Subordinated Loans definition

Senior Subordinated Loans means the “Initial Loans” and the “Incremental Loans”, each as defined in the Senior Subordinated Loan Agreement.

Senior Subordinated Loans means, collectively, the Debt evidenced by the Senior Subordinated Notes.

Senior Subordinated Loans means $175,000,000 in aggregate principal amount of senior subordinated loans extended to the Borrower on the Closing Date pursuant to the Senior Subordinated Loan Agreement.

Examples of Senior Subordinated Loans in a sentence

• All representations, warranties, covenants and agreements made in this Agreement and all other Loan Documents shall survive the execution and delivery of the Loan Documents and the making of the Senior Subordinated Loans hereunder.

• No Company or any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of the Senior Subordinated Loans will be used to purchase or carry any margin stock or to reduce or retire any Debt incurred for such purpose or to extend credit to others for such purpose.

• The representations and warranties contained in Section 3 hereof shall be true and correct on and as of the Closing Date and no Event of Default or Default shall be in existence on the date of the making of the Senior Subordinated Loans described herein or shall occur as a result thereof.

• The proceeds of the Initial Tranche B Term Loans and the Revolving Loans made on the Closing Date, together with the proceeds of the Equity Financing and the Senior Subordinated Loans, shall be used only for the payment of the Merger Consideration, the Debt Discharge, the payment of Closing Costs and to provide ongoing capital requirements of the Borrower and its Subsidiaries and for general corporate purposes.

• The Borrower shall have received $175,000,000 in gross cash proceeds from the borrowing of the Senior Subordinated Loans.

More Definitions of Senior Subordinated Loans

Senior Subordinated Loans means the Senior Subordinated Interim Loans and/or the Senior Subordinated Term Loans, as the context requires.

Senior Subordinated Loans. Indebtedness of the Borrower under the Senior Subordinated Facility Documents and the Senior Subordinated Notes Documents.

Senior Subordinated Loans has the meaning provided in the Senior Subordinated Loan Agreement.

Senior Subordinated Loans means Borrower’s Senior Subordinated Loans due 2015 issued pursuant to the Senior Subordinated Loan Agreement.

Senior Subordinated Loans means the loans incurred under the Senior Subordinated Loan Agreement dated as of August 1, 2000 among Global Energy Equipment Group LLC and the other parties thereto.

Senior Subordinated Loans means (a) subordinated loans made pursuant to the Senior Subordinated Loan Agreement and having a final maturity not earlier than the date that is ten years after the Closing Date and (b) any replacement or refinancing thereof having terms no more materially adverse to the interests of the Lenders than the terms thereof; provided, that any such amendment, replacement or refinancing shall bear a rate of interest determined by the Board of Directors of the US Borrower to be a market rate of interest at the date of such amendment, replacement or refinancing and have other terms customary for similar issuances under similar market conditions or otherwise be on terms reasonably acceptable to the Administrative Agent.

Senior Subordinated Loans means shareholder loans with par value € 1,533,876 together with interest accrued and outstanding thereon that the Vendors have provided to the Company by agreement dated 3 April 1998.