Senior Claims definition

Senior Claims means, (a) with respect to the RBL Priority Collateral, each of the First-Priority Lien Obligations secured by such Collateral and, (b) with respect to the Term/Notes Priority Collateral, each of the Second-Priority Lien Obligations secured by such Collateral.

Senior Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which are:

Senior Claims means the aggregate amount of all claims admitted to proof in the winding-up of the Issuer which are (i) claims of depositors (if any) of the Issuer; and (ii) claims of creditors in respect of Ordinary Unsecured Debts of the Issuer and all other obligations of the Issuer which are preferred by law to Secondary Unsecured Debts;

Examples of Senior Claims in a sentence

• Work Fees On the Restructuring Effective Date, either NewCo or the Peruvian OpCos shall pay, from existing working capital or the proceeds of the New Money Facility, to each of the Initial Consenting Creditors and HSBC-HK an amount equal to 1.5% of their respective Senior Claims as of 2 March 2021, provided that the Initial Consenting Creditors and HSBC-HK are party to this Agreement as Consenting Creditors and are Senior Creditors on the Restructuring Effective Date.

• Each Initial Lender will commit to provide its pro rata share of the Total Senior Creditor Risk Participation Amount by reference to its aggregate amount of Existing Senior Claims as at the Effective Date (the “Initial Lender Commitment”).

• CLASS CODE CLASSIFICATION TITLE 9255 Senior Claims Specialist, Victims of Crime Program 9247 Claims Specialist, Victims of Crime Program Special Adjustment – Information Technology The following classes shall receive an additional 4.79% special salary adjustment.

• Xxxxxx Title: Chairman Certain Underwriters’ at Lloyds London By: Xxxx Xxxx Title: Senior Claims Adjuster at Brit Global Specialty Lexington Insurance Company By: Xxxxx Xxxxx, Solicitor Title: Major Loss Adjuster, Financial Lines, American International Group UK Limited Arch Specialty Insurance Company By: Xxxxxxx X.

• Every active indemnity file (which includes maintenance files with outstanding liens, legal issues, rehabilitation, or active medical treatment) will be reviewed and documented by the Senior Claims Examiner or Claims Examiner at least once every thirty (30) Days.

More Definitions of Senior Claims

Senior Claims means the claims of all creditors of the Issuer (including, without limiting the generality of the foregoing, all contingent and prospective claims, all claims in respect of deposits with or loans to the Issuer and all claims to interest thereon which are admitted to proof in the winding up of the Issuer but excluding all claims in respect of Subordinated Indebtedness and, for the avoidance of doubt, all claims in respect of Deferred Shares); and

Senior Claims means, collectively, (a) the principal of, and premium, if any, and interest on, the Senior Obligations (in each case, including, without limitation, any interest accruing thereon at the legal rate after the commencement of any Proceeding and any additional interest that would have accrued thereon but for the commencement of such Proceeding), and (b) all other Obligations of the Subordinated Debtor to the Senior Claimants, whether now existing or hereafter incurred or created, under or with respect to the Senior Claim Documents or any replacement, supplement to or refinancing of the Senior Obligations.

Senior Claims shall have the meaning given to such term in Section 2.1(a).

Senior Claims means (a) the principal of, and premium, if any, and ------------- interest on the Senior Secured Notes issued pursuant to the Indenture (including, without limitation, any interest accruing thereon at the legal rate after the commencement of any Proceeding and any additional interest that would have accrued thereon but for the commencement of such Proceeding); and (b) all other Obligations of Navy II to any Senior Claimants, whether now existing or hereafter incurred or created, under or with respect to the Indenture, the other Financing Documents and any related documents.

Senior Claims means the aggregate amount of all claims in respect of deposits with, or loans to, the Issuer, all claims of creditors in respect of Ordinary Non-Preferential Debts of the Issuer and all other obligations of the Issuer which are preferred by law to Secondary Non-Preferential Debts;

Senior Claims shall have the meaning set forth in Section 8.7.

Senior Claims means all Administrative Claims, Priority Tax Claims, Other Priority Claims, GECC Claims and Other Secured Claims.