Super Senior Debt definition
Examples of Super Senior Debt in a sentence
The Super Senior Debt to EBITDA Ratio for Parent and the Subsidiaries on a consolidated basis for the period of four fiscal quarters ending on the last day of a fiscal quarter shall not be greater than 1.50:1.00.
In exercising rights and remedies with respect to the Super Senior Collateral, the Super Senior Representatives, and the Super Senior Secured Parties may enforce the provisions of the Super Senior Debt Documents and exercise rights and remedies in accordance with the terms thereof, all in such order and in such manner as they may determine in the exercise of their sole discretion.
Senior Cash Management Facility Lender), so long as any of the Super Senior Debt Liabilities (other than any Liabilities owed to the Super Senior Ancillary Lenders or Super Senior Issuing Banks) are or may be outstanding, none of the Super Senior Ancillary Lenders nor the Super Senior Issuing Banks shall be entitled to take any Enforcement Action in respect of any of the Liabilities owed to it.
Neither any First Lien Priority Representative nor any other First Lien Priority Debt Party shall have any duty to any Super Senior Representative or Super Senior Secured Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreement with the Borrower or any Subsidiary (including the Super Senior Debt Documents), regardless of any knowledge thereof that they may have or be charged with.
For the avoidance of any doubt, Permitted Pari Hedging (i) may benefit from the guarantees granted by the Obligors and the Transaction Security pari passu with Facility B and the CAF (including with respect to the proceeds of enforcement of any Transaction Security), provided only that the relevant hedge counterparty/ies accede to the terms of the Intercreditor Agreement; and (ii) shall not be taken into account as part of any calculation or determination of the Super Senior Debt Ceiling.