Super Senior definition

Super Senior. Indebtedness incurred by the Company and the Guarantors, on or before January 30, 2023, in an aggregate principal amount not to exceed (w) $12,384,120 for the sole purpose of refinancing or in exchange for the New Notes plus any capitalized interest or accrued and unpaid interest on the New Notes being so refinanced, plus (x) on or after the date that Indebtedness is incurred under clause (w), $20,000,000, for the sole purpose of exchanging up to $20,000,000 original principal amount of Notes for “Super Senior” Indebtedness, which exchange shall be on the basis of $1 of new “Super Senior” Indebtedness for every $1 of Notes so exchanged, plus any capitalized interest or accrued and unpaid interest on the Notes being so refinanced, plus (y) $15,000,000, plus (z) on or after the date that Indebtedness is incurred under clause (y), $30,000,000, for the sole purpose of exchanging up to $30,000,000 original principal amount of Notes for “Super Senior” Indebtedness, which exchange shall be on the basis of $1 of new “Super Senior” Indebtedness for every $1 of Notes so exchanged, plus any capitalized interest or accrued and unpaid interest on the Existing Notes being so refinanced; provided that (i) the aggregate amount of clauses (w), (x), (y) and (z) shall not exceed $75,000,000, together with any capitalized interest or accrued and unpaid interest on the Notes or the New Notes, in each case, subject to a Permitted Intercreditor Agreement, which provides for “Super Senior” payment and lien priority of “Super Senior” Indebtedness and the subordination of the Notes and the liens secured thereby and (ii) the “Super Senior” Indebtedness referenced in clause (x) and (z) shall be last out in the waterfall of such “Super Senior” Indebtedness tranche; and (i) Indebtedness incurred by the Company and the Guarantors, in an aggregate original principal amount not to exceed $90,649,307.77 at any time outstanding pursuant to the Super Senior Indenture and the related guarantees subject to the Intercreditor Agreement; and
Sample 1
Super Senior. Optimal Principal Distribution Amount . . . . . . . . . 37
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Examples of Super Senior in a sentence

  • In case of enforcement of the Shared Security, any enforcement proceeds will first be applied towards repayment of the Financial Indebtedness incurred by the Issuer under the Super Senior RCF and the Super Senior Hedges and secondly towards redemption of the Bonds.

  • In the case of insolvency of the Issuer, the Financial Indebtedness incurred by the Issuer under the Bonds will be subordinated to the Financial Indebtedness owed by the Issuer under the Super Senior RCF and the Super Senior Hedges.

  • If Conflicting Enforcement Instructions (as defined in the Intercreditor Agreement) are provided by the Agent or the agent under the Super Senior RCF, the Agent and the agent under the Super Senior RCF must enter into consultations for a period of maximum 30 calendar days as set out in the Intercreditor Agreement (unless such consultation is waived by the Agent and the facility agent under the Super Senior RCF).

  • Super Senior Revolving Credit Facility On 27 November 2017, the Parent, with its subsidiaries acting as guarantors, arranged a credit facility with certain financial institutions for a maximum amount of EUR 15,000 thousand to finance its working capital.

  • The Issuer shall procure that during each calendar year there shall be a period of five (5) consecutive days during which the amount outstanding under the Super Senior RCF, less cash and cash equivalents of the Group, amounts to zero (0) or less.

  • The Super Senior Bonds also mature on November 13, 2018, carry an 11.5% fixed semi‐annual coupon and were used to fund capital expenditures related to the development of the Atrush Block.

  • GEP has the option to pay the coupon interest on the Super Senior Bonds in cash or in kind by issuing new bonds (“PIK Bonds”).

  • All players participating as a Super Senior must be at least 60 years of age at the time of their Match.

  • For the purpose of ascertaining whether any relevant percentage of Super Senior Credit Participations or Pari Passu Credit Participations has been obtained under this Agreement, the Intercreditor Agent may notionally convert the Super Senior Credit Participations and/or Pari Passu Creditor Participations into their Common Currency Amounts.

  • On any Calculation Date the aggregate amount of all accretions by indexation to the aggregate original notional amount of any Super Senior Hedging Agreements which hedge payments to be made by reference to inflation is greater than 8 per cent.


More Definitions of Super Senior

Super Senior means a person aged 80 years and over.
Sample 1
Super Senior. Indebtedness incurred by the Company and the Guarantors, on or before January 30, 2023, in an aggregate principal amount not to exceed (w) $12,384,120 for the sole purpose of refinancing or in exchange for the New Notes plus any capitalized interest or accrued and unpaid interest on the New Notes being so refinanced, plus (x) on or after the date that Indebtedness is incurred under clause (w), $20,000,000, for the sole purpose of exchanging up to $20,000,000 original principal amount of Notes for “Super Senior” Indebtedness, which exchange shall be on the basis of $1 of new “Super Senior” Indebtedness for every $1 of Notes so exchanged, plus any capitalized interest or accrued and unpaid interest on the Notes being so refinanced, plus (y) $15,000,000, plus (z) on or after the date that Indebtedness is incurred under clause (y), $30,000,000, for the sole purpose of exchanging up to $30,000,000 original principal amount of Notes for “Super Senior” Indebtedness, which exchange shall be on the basis of $1 of new “Super Senior” Indebtedness for every $1 of Notes so exchanged, plus any capitalized interest or accrued and unpaid interest on the Existing Notes being so refinanced; provided that (i) the aggregate amount of clauses (w), (x), (y) and (z) shall not exceed $75,000,000, together with any capitalized interest or accrued and unpaid interest on the Notes or the New Notes, in each case, subject to a Permitted Intercreditor Agreement, which provides for “Super Senior” payment and lien priority of “Super Senior” Indebtedness and the subordination of the Notes and the liens secured thereby and (ii) the “Super Senior” Indebtedness referenced in clause (x) and (z) shall be last out in the waterfall of such “Super Senior” Indebtedness tranche; and
Sample 1
Super Senior. Indebtedness referenced in clause (x) and (z) shall be last out in the waterfall of such “Super Senior” Indebtedness tranche; and
Sample 1

Related to Super Senior

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • After all Senior Debt is paid in full and until the Notes are paid in full, Holders of Notes will be subrogated (equally and ratably with all other Indebtedness pari passu with the Notes) to the rights of holders of Senior Debt to receive distributions applicable to Senior Debt to the extent that distributions otherwise payable to the Holders of Notes have been applied to the payment of Senior Debt. A distribution made under this Article 10 to holders of Senior Debt that otherwise would have been made to Holders of Notes is not, as between the Company and Holders, a payment by the Company on the Notes.

  • Alaska Native Corporation (ANC) means any Regional Corporation, Village Corporation, Urban Corporation, or Group Corporation organized under the laws of the State of Alaska in accordance with the Alaska Native Claims Settlement Act, as amended (43 U.S.C. 1601, et seq.) and which is considered a minority and economically disadvantaged concern under the criteria at 43 U.S.C. 1626(e)(1). This definition also includes ANC direct and indirect subsidiary corporations, joint ventures, and partnerships that meet the requirements of 43 U.S.C. 1626(e)(2).

  • Non-Administrator Ambulatory Surgical Facility means an Ambulatory Surgical Facility which does not meet the definition of an Administrator Ambulatory Surgical Facility.

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Stormwater Pollution Prevention Plan or "SWPPP" means a document that is prepared in accordance with good engineering practices and that identifies potential sources of pollutants that may reasonably be expected to affect the quality of stormwater discharges from the construction site, and otherwise meets the requirements of this Ordinance. In addition the document shall identify and require the implementation of control measures, and shall include, but not be limited to the inclusion of, or the incorporation by reference of, an approved erosion and sediment control plan, an approved stormwater management plan, and a pollution prevention plan.

  • CDBG means community development block grant.

  • Pollution control facilities means water and air pollution control equipment and solid waste disposal facilities or any of them.

  • CC means the Conditions of Contract.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Stormwater management plan means the set of drawings and other documents that comprise all the information and specifications for the programs, drainage systems, structures, BMPs, concepts and techniques intended to maintain or restore quality and quantity of stormwater runoff to pre-development levels.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Beacon means a highway traffic signal with one or more signal sections that operate in a flashing mode. (ORC 4511.01(KKK))

  • Wildlife officer means any individual authorized by a participating state to issue a citation for a wildlife violation.

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Intercollegiate sport means a sport played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association for the promotion or regulation of collegiate athletics.

  • Nutrient management plan means a plan developed or approved by the Department of Conservation and Recreation that requires proper storage, treatment and management of poultry waste, including dry litter, and limits accumulation of excess nutrients in soils and leaching or discharge of nutrients into state waters.

  • Crop Tree means the largest undamaged conifer trees with good form and free of disease.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Stormwater management planning agency means a public body authorized by legislation to prepare stormwater management plans.

  • Tax Exempt Bond-Financed Development means a Development which has been financed by the issuance of tax-exempt bonds subject to applicable volume cap pursuant to Section 42(h)(4) of the IRC.

  • Senior citizen center means a facility having the primary purpose of providing services to the aged as defined in Section 62A-3-101.

  • SOFR means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Air navigation facility means any facility, other than one owned and operated by the United States, used in, available for use in, or designed for use in aid of air navigation, including any structures, mechanisms, lights, beacons, markers, communicating systems, or other instrumentalities or devices used or useful as an aid, or constituting an advantage or convenience to the safe taking off, navigation, and landing of aircraft, or the safe and efficient operation or maintenance of an airport, and any combination of any or all of such facilities.