Senior Unsecured Bond definition

Senior Unsecured Bond has the meaning specified in Annex C.
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Senior Unsecured Bond means any unsecured obligation that: (a) constitutes borrowed money, (b) is in the form of, or represented by, a bond, note, certificated debt security or other debt security (other than any of the foregoing that evidences a Collateral Asset other than an Senior Unsecured Bond) and (c) if it is subordinated by its terms, is subordinated only to indebtedness for borrowed money, trade, claims, capitalized leases or other similar obligations.
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Senior Unsecured Bond means any unsecured debt security (that is not a Bank Loan) that is not subordinated to any other unsecured indebtedness of the related issuer, provided that a debt security that would otherwise be a Senior Unsecured Bond shall not be a Senior Unsecured Bond if the obligor of such debt security is an entity whose assets consist primarily of stock or other interests in its operating subsidiaries or affiliates unless the Borrower has provided evidence reasonably satisfactory to the Administrative Agent that the amount of indebtedness permitted to be incurred by such operating subsidiaries or affiliates is de minimis (a “Permitted Stock Funded Bond”).
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Examples of Senior Unsecured Bond in a sentence

  • In February 2014, TDF issued a seven-year unsecured bond (Senior Unsecured Bond) with a nominal value of EUR 500,000 thousand and a maturity on 10 February 2021 in the regulated market of the Luxembourg Stock Exchange.

  • Furthermore TDF issued on 5 July 2018 a seven-year unsecured bond (Senior Unsecured Bond) with a nominal value of EUR 600,000 thousand and a maturity on 5 July 2025 in the regulated market of the Luxembourg Stock Exchange.

  • In May 2021, amid the political turmoil in Peru and the continuous devaluation of the PEN Sol against the USD Dollar caused by the COVID-19 pandemic, we increased our call spread hedge from PEN 3.85 to PEN 4.20; the hedge covers the principal of our Senior Unsecured Bond.

  • On October 27, 2004, the Company issued through a private placement a $23.4 million (NOK150 million) five-year Senior Unsecured Bond Issue.

  • It should be noted that on May 13, 2021 Italian Wine Brands successfully placed on the market its first Senior Unsecured Bond Loan for a total amount of Euro 130.0 million, maturing May 13, 2027, bullet repayment and a fixed interest rate at 2.5% per annum.

  • In April 2020, Moody’s Investors Service has placed Ba2Committee MeetinggrantedMr.SeshagiriDr. VinodNowalMr. JayantAcharyaCorporate Family Rating and Senior Unsecured Bond Rating due in 2022, 2024 and 2025, respectively, under review for downgrade.

  • The transaction was completed on 25 April 2019, and the migration was is fully completed.On 17 September 2019, the Company completed the issue of a new NOK 900 million new Senior Unsecured Bond with maturity in October 2023.

  • Lauritzen A/S Senior Unsecured Bond Issue 2012/2017Bondholders:Any holders of Bonds from time to timeBond Issue:FRN J.

  • Furthermore, in February 2014, TDF issued a seven-year unsecured bond (Senior Unsecured Bond) with a nominal value of EUR 500,000 thousand and a maturity on 10 February 2021 in the regulated market of the Luxembourg Stock Exchange.

  • The adjustment related to the Senior Unsecured Bond Financing results in an increase of cash of approximately EUR 133.0 million (Senior Unsecured Bond Financing of EUR 135 million reduced with approximately EUR 2.0 million in transaction costs) with a corresponding adjustment in non current Interest bearing liabilities of approximately EUR 133.0 million.


More Definitions of Senior Unsecured Bond

Senior Unsecured Bond. Any unsecured obligation that: (a) constitutes borrowed money, (b) is in the form of, or represented by, a bond, note, certificated debt security or other debt security (other than any of the foregoing that evidences a Loan or Participation Interest) and (c) if it is subordinated by its terms, is subordinated only to indebtedness for borrowed money, trade claims, capitalized leases or other similar obligations.
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Senior Unsecured Bond means an unsecured debt security (that is not a loan) that (i) is issued by a corporation, limited liability company, partnership, trust or similar business entity and (ii) if it is subordinated by its terms, is subordinated only with respect to liquidation, trade claims, capitalized leases or similar obligations and (b) "subordinated bond" shall mean a debt security (that is not a loan) that (i) is issued by a corporation, limited liability company, partnership, trust or similar business entity and (ii) is subordinated by its terms other than with respect to liquidation, trade claims, capitalized leases or similar obligations. *** The S&P Recovery Rate for Senior Syndicated Secured Loans shall apply only to Senior Syndicated Secured Loans for which the Syndicated Tranche exceeds 20% of the sum of (x) the outstanding principal balance of the loan, plus (y) the outstanding principal balance and unfunded commitments of such revolving facility, plus (z) the outstanding principal balance of any other debt for borrowed money incurred by such Obligor that is pari passu with such loan. **** Solely for the purpose of determining the S&P Recovery Rate for such loan, the aggregate principal balance of all First-Lien Last-Out Loans, Unsecured Loans, Second Lien Loans and senior unsecured Bonds that, in the aggregate, represent up to 15% of the Collateral Principal Amount shall have the S&P Recovery Rate specified for First-Lien Last-Out Loans, Unsecured Loans, Second Lien Loans and senior unsecured Bonds in the table above and the aggregate outstanding principal balance of all First-Lien Last-Out Loans, Unsecured Loans, Second Lien Loans and senior unsecured Bonds in excess of 15% of the Collateral Principal Amount shall have the S&P Recovery Rate specified for subordinated loans in the table above.
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Senior Unsecured Bond. Any unsecured Bond that is not subordinated to any other unsecured indebtedness of the borrower.
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Senior Unsecured Bond means a non-convertible corporate bond which does not trades as a “first xxxx xxxx” or a “subordinated bond” as determined by the Calculation Agent under then-current trading practices in the primary or secondary bond market, as the case may be.
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Senior Unsecured Bond means any assignment or other interest in a debt security (that is not a loan) that (a) is issued by a corporation, limited liability company, partnership or trust, (b) is not (and by its terms is not permitted to become) subordinate in right of payment to any other debt for borrowed money incurred by the obligor of such debt security and (c) is not secured by a valid first priority perfected security interest or lien in, to or on specified collateral securing the obligor's obligations under such obligation.
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Related to Senior Unsecured Bond

  • Senior means a person seventy years old or older.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.