Subordinated Bridge Debt definition

Subordinated Bridge Debt means the senior subordinated increasing rate notes of the Parent Borrower to be issued pursuant to the Subordinated Note Purchase Agreement on the Effective Date in an aggregate principal amount of $150,000,000 and the Indebtedness represented thereby.
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Subordinated Bridge Debt means Indebtedness in an aggregate principal amount not to exceed $25,000,000 at any one time outstanding, with a scheduled maturity no earlier than May 26, 2006.
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Subordinated Bridge Debt shall have the meaning provided in section 6.1(n).
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Examples of Subordinated Bridge Debt in a sentence

  • The terms and conditions of the Subordinated Bridge Debt and the provisions of the Subordinated Debt Documents relating to the Subordinated Bridge Debt shall be satisfactory to the Lenders.

  • The proceeds of the Subordinated Refinancing Debt will be used only for the repayment of the Subordinated Bridge Debt and all other amounts due under the Subordinated Note Purchase Agreement and the other Subordinated Debt Documents relating to the Subordinated Bridge Debt.

  • After giving effect to the Transactions, neither the Parent Borrower nor any of the Subsidiaries shall have outstanding any shares of preferred stock (or other Preferred Equity Interests) or any Indebtedness, other than (i) Indebtedness incurred under the Loan Documents, (ii) the Subordinated Bridge Debt, (iii) the Preferred Stock and (iv) other Indebtedness expressly permitted by clauses (iii) and (iv) of Section 6.01(a).

  • The Administrative Agent shall have received copies of the Subordinated Debt Documents relating to the Subordinated Bridge Debt, certified by a Financial Officer as complete and correct.

  • The proceeds of the Term Loans, together with the proceeds of the Equity Financing and the Subordinated Bridge Debt, will be used only for the payment of (a) amounts payable under the Recapitalization Agreement as consideration for the Recapitalization and (b) fees and expenses payable in connection with the Transactions.

  • The Obligations constitute "Senior Debt", as defined in the Senior Subordinated Convertible Loan Agreement, dated as of March 15, 2000, relating to the Subordinated Bridge Debt; such Senior Subordinated Convertible Loan Agreement is one of the Subordinated Bridge Documents; and the Loans and other Obligations rank senior in right of payment to the Subordinated Bridge Debt, as provided in the subordination provisions of such Senior Subordinated Convertible Loan Agreement.

  • The Borrower will not, and will not permit any of its Subsidiaries to, purchase or otherwise acquire for value any Subordinated Bridge Debt or any Subordinated Bridge Debt Refinancing.

  • No proceeds of any Loans hereunder shall be used to pay or prepay the principal of the Subordinated Bridge Debt or any Subordinated Indebtedness issued to refinance the Subordinated Bridge Debt.

  • In determining the amount of any payment to be made to any person pursuant to paragraph 1 of Schedule 3 (Security Trustee) the Security Trustee shall act in accordance with the information given to it by the Senior Agent (in the case of Hedge Liabilities and Senior Debt), the HY Note Trustee (in connection with HY Debt), the FRN Trustee (in connection with the FRN Debt) and the Subordinated Bridge Trustee (in connection with the Subordinated Bridge Debt).

  • If the Borrower completes an offering of its equity securities for net proceeds which are in excess of the aggregate principal amount of, and such net proceeds are in fact used (together with any other required amounts) to retire, the Subordinated Bridge Debt in full, then the amount specified in the preceding sentence shall be reduced by an amount equal to such excess.


More Definitions of Subordinated Bridge Debt

Subordinated Bridge Debt means Borrowed Money incurred in relation to the Subordinated Bridge Facility and the Subordinated Bridge Refinancing Offering.
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Subordinated Bridge Debt means the Subordinated Bridge Issuer Debt and the Subordinated Bridge Subordinated Debt.
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Subordinated Bridge Debt means the Borrower's issuance of Subordinated Indebtedness in the aggregate principal amount of $75,000,000, pursuant to a Senior Subordinated Convertible loan agreement dated as of March 15, 2000, between the Borrower and Prudential Securities Credit Corp., LLC, as amended, modified, supplemented, restated or assigned to SSC and as amended and modified from time to time, including without limitation, any Subordinated Indebtedness which is convertible to any other security of the Borrower or any of its Subsidiaries or Affiliates and continuing subsequent to any such conversion of any Indebtedness.
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Subordinated Bridge Debt means the subordinated bridge indebtedness incurred pursuant to the terms of the Bridge Loan Agreement in an aggregate original principal amount not in excess of $185,000,000, together with all other Indebtedness into which such Subordinated Bridge Debt is convertible or exchangeable.
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Subordinated Bridge Debt means the Borrower's issuance of subordinated indebtedness in the aggregate principal amount of $75,000,000, pursuant to a Senior Subordinated Convertible loan agreement dated as of March 15, 2000, between the Borrower and Prudential Securities Credit Corp., LLC, as amended, modified, supplemented, restated or assigned from time to time, including without limitation, any subordinated indebtedness which is convertible to any other security of the Borrower or any of its Subsidiaries or Affiliates and continuing subsequent to any such conversion of any Indebtedness.
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Subordinated Bridge Debt the following: (i) the Subordinated Bridge Debt (including the subordinated Subsidiary Guaranties provided for therein), as outstanding on the Closing Date and as subject to the terms of the documents governing the Subordinated Bridge Debt, as in effect on the Closing Date, with only such subsequent changes and modifications as are expressly provided for in this Agreement; and (ii) any refinancing, extension, renewal or refunding of the Subordinated Bridge Debt effected in compliance with this Agreement;
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Related to Subordinated Bridge Debt

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • 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 Subordinated Debt means the Securities and any other Indebtedness of the Company that specifically provides that it is to rank pari passu with other Senior Subordinated Debt of the Company and is not subordinated to any Indebtedness of the Company that is not Senior Debt.

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Permitted Pari Passu Secured Refinancing Debt means any secured Indebtedness (including any Registered Equivalent Notes) incurred by a Borrower in the form of one or more series of senior secured notes; provided, that (a) such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Obligations and is not secured by any property or assets of Parent or Restricted Subsidiary other than the Collateral, (b) such Indebtedness is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors, (c) such Indebtedness, (i) unless incurred as a term loan under this Agreement, does not mature or have scheduled amortization or payments of principal (other than customary offers to repurchase upon a change of control, asset sale or event of loss and a customary acceleration right after an event of default) prior to the date that is the Latest Maturity Date at the time such Indebtedness is incurred or issued, and (ii) if incurred as a term loan under this Agreement, does not mature earlier than, or have a Weighted Average Life to Maturity shorter than, the applicable Refinanced Debt, (d) the security agreements relating to such Indebtedness (to the extent such Indebtedness is not incurred hereunder) are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (e) to the extent such Indebtedness is not incurred hereunder, a Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of an Intercreditor Agreement with the Administrative Agent and (f) such Indebtedness, if consisting of Refinancing Notes, satisfies clause (d) of the definition of Permitted Other Debt Conditions. Permitted Pari Passu Secured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Subordinated means, as applied to Indebtedness, Indebtedness that shall have been subordinated (by written terms or written agreement being, in either case, in form and substance satisfactory to Agent and the Required Lenders) in favor of the prior payment in full of the Obligations.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Lien Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) Indebtedness incurred or Other Revolving Commitments obtained pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, outstanding Revolving Loans or (in the case of Other Revolving Commitments obtained pursuant to a Refinancing Amendment) Revolving Commitments, outstanding loans under any Incremental Revolving Facility or undrawn commitments under any Incremental Revolving Facility (“Refinanced Debt”); provided that (i) such extending, renewing, replacing or refinancing Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such Other Revolving Commitments) is in an original aggregate principal amount not greater than the sum of the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused commitments under any Incremental Revolving Facility or Other Revolving Commitments, the amount thereof) plus all accrued and unpaid interest and fees thereon and expenses incurred in connection with such extension, renewal, replacement or refinancing, (ii) such Indebtedness has a maturity that is equal to or later than and, except in the case of Other Revolving Commitments, a Weighted Average Life to Maturity equal to or greater than the Refinanced Debt, and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such Refinanced Debt consists, in whole or in part, of commitments under any Incremental Revolving Facility or Other Revolving Commitments (or loans incurred pursuant to any Incremental Revolving Facility or Other Revolving Loans), such commitments shall be terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • Junior Subordinated Debt means (a) subordinated junior deferrable interest debentures of the Borrower, (b) the related preferred securities, if applicable, of Subsidiaries of the Borrower and (c) the related subordinated guarantees, if applicable, of the Borrower, in each case, from time to time outstanding.

  • Second Lien Notes Documents means the Second Lien Notes, the Second Lien Notes Indenture, the Second Lien Notes Security Documents and all other documents executed and delivered with respect to the Second Lien Notes or Second Lien Notes Indenture, as in effect on the Effective Date and as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof.

  • Senior Unsecured Debt means the Indebtedness represented by the Senior Unsecured Notes (including the Note Guarantees, Exchange Notes (each as defined in the Senior Unsecured Debt Documents), guarantees of Exchange Notes and any replacement Exchange Notes).

  • Permitted Unsecured Refinancing Debt means Credit Agreement Refinancing Indebtedness in the form of unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of senior unsecured notes or loans; provided that such Indebtedness (i) constitutes Credit Agreement Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Refinancing Debt means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or any Restricted Subsidiary pursuant to the terms of this Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors, but only to the extent that

  • Permitted Junior Secured Refinancing Debt means any secured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of second-lien (or other junior lien) secured notes or second-lien (or other junior lien) secured loans; provided that (i) such Indebtedness (x) is secured by the Collateral on a second-priority (or other junior priority) basis with the Obligations and (y) is not secured by any property or assets of the Borrower or any Subsidiary other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness, (iii) such Indebtedness does not mature, have a shorter Weighted Average Life to Maturity than, or have scheduled amortization or scheduled payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (other than customary offers to repurchase upon a change of control, asset sale or casualty event and customary acceleration rights after an event of default), prior to the date that is 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (iv) such Indebtedness is not guaranteed by any Subsidiaries other than the Subsidiary Guarantors, (v) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise be subject to the provisions of one or more intercreditor agreements reasonably satisfactory to the Administrative Agent and (vi) any mandatory or voluntary prepayments of Permitted Junior Secured Refinancing Debt may not be made except to the extent that prepayments of the Term Loans and Permitted Pari Passu Secured Refinancing Debt are first made ratably, to the extent required hereunder or pursuant to the terms of such Permitted Pari Passu Secured Refinancing Debt, as the case may be. Permitted Junior Secured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • Subordinated Obligations has the meaning specified in Section 7.05.

  • Junior Debt means any Indebtedness in respect of Subordinated Indebtedness.

  • First Lien Indebtedness means Consolidated Total Indebtedness that is secured by a Lien on the Collateral, except by a Lien that is junior to the Liens on the Collateral securing the First Lien Obligations.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.