Super Senior WCF definition

Super Senior WCF means any working capital facility or similar agreement incurred pursuant to the Section titled "Super Senior WCF" or any other working capital facility agreement or similar agreement providing financing for general corporate purposes (including investments) and/or working capital purposes between any Group Company and a Super Senior WCF Creditor replacing a super senior revolving capital facility in accordance with the Section titled "Replacement of Debt".
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Super Senior WCF. The Issuer shall be entitled to enter into a Super Senior WCF for general corporate purposes (including investments) and/or working capital purposes up to the amount of the Super Senior Headroom and provided that the creditor(s) of such Super Senior Debt directly or through an agent or another representative accedes to the Intercreditor Agreement as a Super Senior WCF Creditor such creditor(s) of such Super Senior Debt shall have a right to the Transaction Security as a Super Senior WCF Creditor pursuant to the Intercreditor Agreement and the Security Agent shall hold the Transaction Security on behalf of the new creditors on the same terms, mutatis mutandis, as the Transaction Security is held by the Security Agent on behalf of the Secured Parties.
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Super Senior WCF means any Working Capital Facility between any Group Company and a Super Senior WCF Creditor.
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Examples of Super Senior WCF in a sentence

  • To the extent the Issuer repurchases, amortises or otherwise repays the Bonds whereby the aggregate amount of the Senior Debt outstanding (excluding any New Debt) falls below a threshold of the aggregate initial amount of Senior Debt as specified by the Super Senior WCF Creditor, the Super Senior WCF Creditor may demand repayment and cancellation of the Super Senior WCF pro rata with such repurchase, amortisation or other repayment.

  • Monthly Clean Down‌ The Issuer shall procure that during each calendar month there shall be a period of three (3) consecutive days during which Cash and Cash Equivalents less the aggregate amount outstanding under any Super Senior WCF (as applicable) (excluding any non-cash elements of ancillary facilities) amounts to zero (0) or more.‌ Compliance with the Monthly Clean Down shall be confirmed in a Compliance Certificate issued together with each Financial Statements.

  • Upon entry into a Super Senior WCF or the refinancing of the Super Senior WCF which is permitted by the Senior Finance Documents or an accession of an affiliate of a lender as an ancillary lender under the Super Senior WCF, each new Super Senior WCF Creditor shall accede to this Agreement as a Super Senior WCF Creditor in accordance with paragraph (b) below.

  • Nothing in this Agreement shall prevent any Ancillary Lender taking any Enforcement Action in respect of any Super Senior WCF Cash Cover which has been provided for it in accordance with the relevant Super Senior WCF.


More Definitions of Super Senior WCF

Super Senior WCF means one or several credit facilities, loans or other financings provided by a Super Senior WCF Creditor for, inter alia, working capital and general corporate purposes of the Group (including capital expenditures and acquisitions (together with the financing or refinancing of related costs, fees, expenses and taxes and the refinancing of indebtedness) and earn-out payment obligations) (and any refinancing, amendment or replacements thereof); initially in the form of a EUR 10,000,000 revolving super senior credit facility and a EUR 10,000,000 super senior credit facility.
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