Senior Unsecured Loan definition

Senior Unsecured Loan means any assignment of or participation interest in or other interest in an unsecured Qualified Loan that is not subordinated to any other unsecured indebtedness of the obligor.

Senior Unsecured Loan means a Collateral Debt Obligation that:

Senior Unsecured Loan means an obligation that:

Examples of Senior Unsecured Loan in a sentence

• The Issuer shall further promptly provide copies to the Agent and of any documentation evidencing any waiver or decisions taken by the Senior Lenders under the Senior Unsecured Loan Agreement to the extent the Issuer reasonably believes such waiver or decision may have any effects for the application of the Terms and Conditions.

• Any Financial Indebtedness incurred under or in connection with the Senior Unsecured Loan Agreement is declared to be due and payable prior to its specified maturity as a result of an event of default (however described).

• If any cash is swept under the Senior Unsecured Loan Agreement to be applied to repay debt outstanding under the Senior Unsecured Loan Agreement, the Issuer shall redeem the Bonds in an amount equal to the Bonds Pro-rata Share.

• The Issuer shall not agree to any increase of the applicable margin, which is added to the relevant interest base to determine the interest under Senior Unsecured Loans, or the fixed interest rate for any Senior Unsecured Loan, unless a corresponding increase of the Interest also is made with respect to the Bonds.

• KI will make one (1) personal appearance per License Year during the period of this Agreement on behalf of Diplomat at the Vision Expo in New York, New York, subject to the terms of this paragraph.

More Definitions of Senior Unsecured Loan

Senior Unsecured Loan. Any assignment of or Participation Interest in or other interest in an Unsecured Loan that is not subordinated to any other unsecured indebtedness of the Obligor (other than with respect to liquidation, trade claims, capitalized leases or similar obligations).

Senior Unsecured Loan. Any Assignment of or Participation in or other interest in a loan that is not subordinated in right of payment and is not a Senior Secured Loan.

Senior Unsecured Loan means that certain Credit and Guaranty Agreement dated as of March 3, 2011 by and among the Issuer, Euramax Holdings, Inc., certain Subsidiaries of the Issuer, and the lenders party thereto from time to time for $125.0 million in aggregate principal amount of borrowings and any related notes, guarantees, instruments and agreements executed in connection therewith, and in each case as further amended, restated, adjusted, waived, renewed, modified, refunded, replaced, restated, restructured, increased, supplemented or refinanced in whole or in part from time to time, regardless of whether such amendment, restatement, adjustment, waiver, modification, renewal, refunding, replacement, restatement, restructuring, increase, supplement or refinancing is with the same financial institutions (whether as agents or lenders) or otherwise and any one or more indentures, note purchase agreements, credit facilities, commercial paper facilities, or other financing arrangements or agreements that replace, refund or refinance all or any part of the loans, notes, or other commitments thereunder, including any such replacement, refunding or refinancing facility or indenture or other financing arrangements or agreements that increases the amount borrowable or issuable thereunder or alters the maturity thereof.

Senior Unsecured Loan. A senior unsecured Loan that is not (and by its terms is not permitted to become) subordinate in right of payment to any other Indebtedness for borrowed money incurred by the related Obligor (other than with respect to (i) trade claims, capitalized leases or similar obligations or (ii) any structural subordination resulting from such other Indebtedness for borrowed money being secured by any assets of the related Obligor pursuant to a prior claim to the proceeds of such assets upon liquidation).

Senior Unsecured Loan means a Collateral Debt Security that is:

Senior Unsecured Loan means a Collateral Debt Obligation that: (a) is a loan obligation senior to any unsecured, subordinated obligation of the Obligor as determined by the Investment Manager in its reasonable business judgment; and (b) is not secured on the shares and/or assets of one or more members of the group of which such Obligor forms part consistent with what the Investment Manager (in its sole opinion) considers to be market practice for senior secured loans, provided that if it is a Synthetic Security, the Reference Obligation applicable to which is an obligation of the type described in (a) and (b) above.

Senior Unsecured Loan means any unsecured Loan that is not (and under the terms thereof is not permitted to become) subordinated to any other unsecured indebtedness or borrowings of the obligor of such unsecured Loan.