Super Senior Creditor definition

Super Senior Creditor means each Super Senior RCF Creditor and each Hedge Counterparty.
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Super Senior Creditor means each SSF Creditor and each Hedge Counterparty.
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Super Senior Creditor. “Super Senior Facility Lender” or “Unitranche Facilities Lender” or any other person shall be construed so as to include its successors in title, permitted assigns and permitted transferees to, or of, its rights and/or obligations under the Debt Documents and, in the case of the Security Agent, any person for the time being appointed as Security Agent or Security Agents in accordance with this Agreement;
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Examples of Super Senior Creditor in a sentence

  • Super Senior Headroom:The principal amount under the Super Senior RCF (excluding, for the avoidance of doubt, any hedging liabilities related thereto) may if agreed between the Issuer and the Super Senior Creditor, without the prior consent of the Senior Creditors, be increased up to an aggregate amount equaling five (5) per cent.

  • The Senior Creditors shall not, except with the prior written consent of the Super Senior Facility Agent, be subrogated to or entitled to exercise any right of any Super Senior Creditor or guarantee under any Super Senior Facility Document.

  • Subject to the BVI Companies Act, the Articles and the rights of the Marwyn Shareholder and the holders of the Sponsor Shares to each appoint a Director as described in paragraph 6.4, the members may by a Resolution of Members appoint any person as a Director and remove any person from office as a Director.

  • If the Super Senior Facility Agent or any Super Senior Creditor receives any distribution otherwise than in cash in respect of any Super Senior Debt, such distribution will not be applied pursuant to Clause 7.1 (Order of Application) and reduce the relevant Super Senior Debt until cash proceeds from realisation of such distribution have been received and applied in accordance with Clause 7.1 (Order of Application).

  • The Security Agent shall have a right to consult with a reputable local legal counsel in a relevant jurisdiction (and rely on the instruction of the Super Senior Creditor (if any)) in order to verify and confirm compliance with the Agreed Security Principles in relation to any Transaction Security and/or Guarantee.

  • If agreed between the Issuer and the Super Senior Creditor, to the extent the Issuer repurchases, amortises or otherwise repays the Bonds whereby the aggregate amount of the Senior Debt outstanding falls below an agreed threshold of the aggregate initial amount of Senior Debt as specified by the Super Senior Creditor, the debt outstanding under the Super Senior RCF shall be repaid and cancelled pro rata with such repurchase, amortisation or other repayment.

  • The liabilities raised in the form of Super Senior Debt shall rank in right and priority of payment pari passu and without any preference between them, unless otherwise agreed between the Super Senior Creditor.

  • Notwithstanding the foregoing, following an Insolvency Event in respect of a Group Company, the Super Senior Creditor may take the same Enforcement Action as the Bondholder Agent and/or the Bondholders in respect of that Group Company in order to prove its debt in such insolvency.

  • Notwithstanding the foregoing, following an Insolvency Event in respect of a Group Company or Chateau Group Company, the Super Senior Creditor may take the same Enforcement Action as the Bondholder Agent and/or the Bondholders in respect of that Group Company or Chateau Group in order to prove its debt in such insolvency.

  • If an Insolvency Event (other than an Insolvency Event directly caused by any Enforcement Action taken by or at the request or direction of a Super Senior Creditor) is continuing with respect to a Debtor then the Security Agent will, to the extent the Super Senior Representative elect to provide such Enforcement Instructions, act in accordance with Enforcement Instructions received from the Super Senior Representative until the Super Senior Discharge Date has occurred.


More Definitions of Super Senior Creditor

Super Senior Creditor means (i) the Original Super Senior Creditor and (ii) any person who is or becomes a lender under a Super Senior Facility.
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Super Senior Creditor means (i) each Original Super Senior Term Facility Creditor and (ii) any person who is or becomes a lender under a Super Senior Term Facility.
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Super Senior Creditor means each Super Senior WCF Creditor and each Hedge Counterparty.
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Related to Super Senior Creditor

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Senior Lender means each holder of a Senior Note.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Senior Representative means, with respect to any series of Permitted First Priority Refinancing Debt, Permitted Second Priority Refinancing Debt or other Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • 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.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.