Senior Unsecured Indebtedness means Indebtedness that is not subordinated to any other Indebtedness and is not secured or supported by a guarantee, letter of credit or other form of credit enhancement.
Senior Unsecured Indebtedness means, collectively, Indebtedness in respect of the Senior Notes and any New Senior Notes (and, as contemplated in Section 7.01(e), any Indebtedness that extends, renews, refunds or replaces any Senior Notes or New Senior Notes).
Senior Unsecured Indebtedness means senior unsecured Indebtedness incurred by the Borrower or any other Credit Party (other than Holdings or Intermediate Holdings) for borrowed money that (a) does not have a final maturity date prior to 91 days after the Latest Maturity Date at the time of incurrence thereof, (b) does not have a shorter Weighted Average Life to Maturity than the Term Loans, and (c) the covenants and events of default and other terms of which (other than pricing, interest rate margins, rate floors, fees, discounts, interest rate, premiums and prepayment or redemption provisions) are not, taken as a whole, more restrictive to Holdings and its Restricted Subsidiaries in any material respect than those in this Agreement; provided, that the terms thereof shall not include any mandatory prepayment that is materially more restrictive with respect to such entities when taken as a whole than those in this Agreement.
Examples of Senior Unsecured Indebtedness in a sentence
This Note shall constitute the Senior Unsecured Indebtedness of the Maker and is unsecured.
In the event that the Loan Funding Availability for a particular Funding Period is less than the then outstanding principal amount of all Senior Unsecured Indebtedness, Administrative Agent shall promptly notify Borrower and Lenders thereof.
The ratio of (i) Unencumbered Asset Value to (ii) Senior Unsecured Indebtedness of the Parent and its Subsidiaries determined on a consolidated basis, to be less than 1.67 to 1.00 at any time.
Substantially contemporaneous with the occurrence of the Effective Date the Borrower shall have incurred Senior Unsecured Indebtedness.
Unless Borrower has an Investment Grade Rating from any two (2) of Mxxxx’x, S&P, and Fitch, at the designated times set forth herein, Administrative Agent and Borrower shall establish a Loan Funding Availability for the Loan Inventory and other Senior Unsecured Indebtedness.
More Definitions of Senior Unsecured Indebtedness
Senior Unsecured Indebtedness. (a) the Senior Unsecured Notes and (b) any senior unsecured Indebtedness that refinances Senior Unsecured Notes (which shall be deemed to include, for purposes of this definition, the 7.50% Senior Unsecured Notes and the 11.50% Senior Unsecured Notes) or Subordinated Obligations, provided that in the event that any such Indebtedness is Incurred only in part to so refinance Senior Unsecured Notes or Subordinated Obligations, the Borrower at its option may classify a corresponding portion of such Indebtedness (not exceeding the principal amount of Senior Unsecured Notes or Subordinated Obligations so refinanced) as being Senior Unsecured Indebtedness and the remaining portion of such Indebtedness as not being Senior Unsecured Indebtedness.
Senior Unsecured Indebtedness means Bridge Senior Unsecured Indebtedness and Permanent Senior Unsecured Indebtedness.
Senior Unsecured Indebtedness means, at any time, the Indebtedness of the Administrative Borrower and its Subsidiaries comprised of (a) the outstanding principal amount of the Senior Notes outstanding at such time and (b) the outstanding principal amount of all other unsecured Indebtedness which is pari passu to the Senior Notes other than trade payables that are not more than 90 days past the original invoice date thereof.
Senior Unsecured Indebtedness means (i) the indebtedness in the form of (a) the 7.25% Senior Unsecured Notes due 2025 that were issued under that certain Indenture, dated as of May 30, 2017, among PBFH, PBF Finance Corporation, the Guarantors (as defined therein), Wilmington Trust, National Association, as trustee and Deutsche Bank Trust Company Americas, as paying agent, registrar, transfer agent and authenticating agent (including any supplemental indenture entered into in connection therewith) and (b) the 6.00% Senior Unsecured Notes due 2028 that were issued under that certain Indenture, dated as of January 24, 2020, among PBFH, PBF Finance Corporation, the Guarantors (as defined therein), Wilmington Trust, National Association, as trustee and Deutsche Bank Trust Company Americas, as paying agent, registrar, transfer agent and authenticating agent (including any supplemental indenture entered into in connection therewith), (ii) any other senior unsecured loans, senior unsecured notes or other similar indebtedness and/or other unsecured indebtedness that ranks at least pari passu in right of payment or priority with any of the indebtedness described in the foregoing clause (i) and any obligations under any Transaction Document and (iii) any Refinancing of any indebtedness described in the foregoing clauses that is unsecured and ranks at least pari passu in right of payment or priority with any of the indebtedness described in the foregoing clause (i) and any obligations under any Transaction Document.
Senior Unsecured Indebtedness means the collective reference to any unsecured Indebtedness incurred by the Borrower or any of its Restricted Subsidiaries that ranks pari passu in right of payment with the Obligations, the terms and conditions of which (and terms and conditions of the documents governing such Indebtedness) shall be market terms and conditions that are, taken as a whole, no more restrictive than the corresponding terms and conditions of this Agreement and the other Loan Documents (other than with respect to pricing and optional prepayment premiums) and shall be approved by the Administrative Agent (such approval not to be unreasonably withheld) and, in any event, such terms and conditions shall include, without limitation, such unsecured Indebtedness (a) not having a scheduled maturity or any required scheduled repayment or prepayment of principal, amortization, mandatory redemption or sinking fund obligation, in each case, prior to the date that is six (6) months after the final maturity date applicable to the Term Loan Facility (including, if applicable, any Incremental Term Loan) (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Term Loans and all other Obligations that are accrued and payable and the termination of the Commitments) and (b) having no restrictions, limitations or encumbrances on the ability of the Borrower or any of its Restricted Subsidiaries to incur Liens to secure the Obligations. The 2029 Senior Notes are Senior Unsecured Indebtedness.
Senior Unsecured Indebtedness means Indebtedness incurred pursuant to Section 8.1(o).
Senior Unsecured Indebtedness means unsecured Indebtedness of Partnership or any of its Subsidiaries that (i) has terms and conditions which are no less favorable in the aggregate to the Borrowers and the other Credit Parties than the terms and conditions of the Indebtedness then outstanding under the Second Lien Note Indenture, (ii) has a final maturity and average life to maturity that is at least equal to that of the Indebtedness then outstanding under the Second Lien Note Indenture, (iii) by its terms, or by the terms of any security into which it is convertible or exchangeable or otherwise, would not be required for any reason (other than customary mandatory offers to purchase or mandatory prepayments upon change of control, asset sale or event of loss) to be redeemed, repurchased or repaid on or prior to the date that is six months after the Revolving Termination Date, and (iv) otherwise has terms and conditions (including all economic terms) reasonably acceptable to the Agent.