Senior Subordinated Secured Notes definition

Senior Subordinated Secured Notes means the senior subordinated secured notes due March 31, 2015, issued by TMA. The Senior Subordinated Secured Notes are secured by a lien junior to the lien securing the Senior Notes on, among other things, the stock of certain of TMA’s subsidiaries, TMHL’s MSRs and the interest payments due from the mortgage-backed securities underlying the Override Agreement after termination of the Override Agreement and after paying interest expense. In addition, certain of TMA’s subsidiaries have guaranteed payment of the Senior Subordinated Secured Notes.

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Senior Subordinated Secured Notes means the Company's $100,000,000 12% Senior Subordinated Secured Notes due 2004.

Senior Subordinated Secured Notes means any Indebtedness of QDI LLC evidenced by senior subordinated secured notes issued (I) in exchange for up to $140,000,000 in aggregate principal amount of then outstanding Senior Subordinated Notes and (II) to pay in kind regularly accruing interest on any such theretofore outstanding senior subordinated secured notes, so long as (a) in the case of the Indebtedness referred to in clause (I) above, the aggregate principal amount of any such Indebtedness so issued does not exceed the amount of Indebtedness subject to such exchange and outstanding immediately prior to such issuance and exchange, (b) such Indebtedness has a final maturity no earlier than the sixth anniversary of the date of the incurrence thereof, (c) has a weighted average life to maturity greater than or equal to the weighted average life to maturity of the Senior Subordinated Notes, (d) such Indebtedness does not (x) add guarantors from that which applied to the Senior Subordinated Notes,

Examples of Senior Subordinated Secured Notes in a sentence

All covenants and agreements made by the Borrower herein are for the benefit and security of the holders of the Borrower's Senior Subordinated Secured Notes due 2003.
By: Name: Title: By: Name: Title: Dated: This is one of the 12% Senior Subordinated Secured Notes due 2017 referred to in the within-mentioned Indenture.
The indemnity obligations of each Assignor contained in this Article IX shall continue in full force and effect notwithstanding the full payment of all the Notes issued under the Credit Agreement, the full repayment of all the Existing Senior Subordinated Secured Notes, the termination of all Interest Rate Protection Agreements or Other Hedging Agreements and Letters of Credit, and the payment of all other Obligations and notwithstanding the discharge thereof.
The Company has duly authorized the creation and issuance of its 8% Senior Subordinated Secured Notes Due 2008 (the "Securities") of substantially the tenor and amount set forth in Exhibit A attached hereto and made a part hereof, and to provide therefor the Company has duly authorized the execution and delivery of this Indenture.
All representations, warranties, covenants, indemnifications, consents and agreements of the Loan Parties contained herein or made in writing in connection herewith shall survive the execution and delivery of this Second Amendment, the making of the term loans hereunder and the issuance of the Second Amendment Senior Subordinated Secured Notes and, except as set forth otherwise herein, shall remain in effect through the date that all amounts due hereunder are paid to Lender.
This is one of a series of the Company’s Notes known as its Series B Senior Subordinated Secured Notes Due October 1, 2000 (collectively referred to herein as the “Series B Notes”), all of like tenor, except as to the identifying number and principal amount thereof and except for certain variations contained in the Series B Note issued to ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇.
This is one of a series of the Company’s Notes known as its Series B Senior Subordinated Secured Notes Due October 1, 2000 (collectively referred to herein as the “Series B Notes”), all of like tenor, except as to the identifying number and principal amount thereof and except for certain variations contained in this Note.
All covenants and agreement made by the Borrower herein are for the benefit and security of the holders of the Borrower's Senior Subordinated Secured Notes due 2003.
The Grantor has issued to the Lenders Series B Senior Subordinated Secured Notes Due October 1, 2000 in the total principal amount of $6,493,581.93 (the “Series B Notes”).
The Securities shall be generally designated the Company's 8% Senior Subordinated Secured Notes Due 2008.

More Definitions of Senior Subordinated Secured Notes

Senior Subordinated Secured Notes means the U.S. Borrower's 12-1/2% Senior [Subordinated] Secured Notes due 2008 issued pursuant to the Senior [Subordinated] Secured Notes Indenture and otherwise in accordance with the requirements of the definition of "Senior [Subordinated] Secured Notes" contained in the Credit Agreement (as in effect on the Second Restatement Effective Date), as the same are in effect on the Second Restatement Effective Date and as the same may be amended, modified and/or supplemented from time to time in accordance with the terms thereof and of the Credit Agreement. For purposes of this Agreement, the term "Senior [Subordinated] Secured Notes" shall include any senior secured notes issued in exchange for Senior [Subordinated] Secured Notes (as defined above in the absence of this sentence) pursuant to the Senior [Subordinated] Secured Notes Indenture, so long as same are issued in accordance with the requirements of the definition of "Permanent Exchange Senior [Subordinated] Secured Notes" appearing in the Credit Agreement (as in effect on the Second Restatement Effective Date).

Senior Subordinated Secured Notes shall also include any Permanent Exchange Senior Subordinated Secured Notes issued pursuant to the Senior Subordinated Secured Notes Indenture in exchange for theretofore outstanding Senior Subordinated Secured Notes as contemplated by the definition of Permanent Exchange Senior Subordinated Secured Notes. The issuance of Senior Subordinated Secured Notes shall be deemed to be a representation and warranty by QDI LLC that all conditions thereto have been satisfied in all material respects and that same is permitted in accordance with the terms of this Agreement, which representation and warranty shall be deemed to be a representation and warranty for all purposes hereunder, including, without limitation, Sections 6 and 10.

Senior Subordinated Secured Notes means the Debt represented by those certain Notes dated May 31, 2005 in the original aggregate principal amount of $22,000,000, executed by the Borrower in favor of Steelhead Investments Ltd. pursuant to the Note Purchase Agreement dated as of October 29, 2004, as modified by the Assignment Agreement dated as of May 31, 2005.