Senior Funders definition

Senior Funders means [specify relevant funders];
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Senior Funders means [insert details if not included in Design Build Finance and Maintain Agreement];
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Senior Funders has the meaning given in the Concession Agreement.
Sample 1

Examples of Senior Funders in a sentence

  • The Authority shall be entitled to rely on the certificate of the [Senior Funders' Agent] as conclusive as to the amount of the Base Senior Debt Termination Amount or Revised Senior Debt Termination Amount (as the case may be) outstanding at any relevant time.

  • To cover any payment default and with the benefit of the same grace period (if any) as permitted by Senior Funders (as defined in the Authority Project Agreement).

  • The Authority may transfer its rights and obligations under this Agreement to any permitted assignee of its interest in the Design Build Finance and Maintain Agreement and the Agent and the Senior Funders shall co-operate with the Authority in completing the formalities of any transfer or assignment including by executing any additional documents as may be required by the Authority.

  • For the avoidance of doubt, this requirement shall not extend to the Senior Funders.

  • The Authority agrees and undertakes that if it receives any amount in contravention of the provisions of paragraph 9.10 above it will promptly turn the same over to the Agent and pending such payment hold the same on trust for the Agent and the Senior Funders.

  • Sub-hubco may, at its own cost, appoint a person to monitor the Tender Process for the purpose of monitoring and reporting to Sub-hubco and the Senior Funders on the Authority's compliance with the Tender Process.

  • The Tender Process Monitor will not disclose confidential information to Project Co or the Senior Funders or any other person (and shall provide an undertaking to the Authority to such effect as a condition of his appointment) but shall be entitled to advise Project Co and the Senior Funders on whether it considers that the Authority has acted in accordance with the Tender Process and correctly determined the Adjusted Highest Compliant Tender Price.

  • The Province reserves the right to require anyone executing this Agreement on behalf of the Concessionaire or the Agent to provide proof, in a form acceptable to the Province, that they have the requisite authority to execute this Agreement on behalf of and to bind the Concessionaire or the Agent and the Senior Funders, as applicable.

  • DE5/DE3 drop down option DELAY IN START UP INSURANCE (DSU) Insureds Sub-hubco Senior Funders Subordinated Funders Authority each for their respective rights and interests in the Project.

  • All of the obligations, undertakings and liabilities given, undertaken or arising on the part of the Province and BCTFA under this Agreement are given or owed solely to the Agent on behalf of the Senior Funders and (except as expressly provided herein) do not confer any rights on or in favour of the Concessionaire or any Affiliate of the Concessionaire or any other person.


More Definitions of Senior Funders

Senior Funders means the holders of Existing Senior Debt Instruments;
Sample 1
Senior Funders means all or any of the persons who provide financing or funding in respect of the Project under the Senior Funding Agreements.
Sample 1

Related to Senior Funders

  • Senior Funded Debt means all Funded Debt (except Funded Debt, the payment of which is subordinated to the payment of the Notes).

  • Junior Capital collectively, any Indebtedness of any Parent or the Borrower that (a) is not secured by any asset of the Borrower or any Restricted Subsidiary, (b) is expressly subordinated to the prior payment in full of the Loans on terms consistent with those for senior subordinated high yield debt securities issued by U.S. companies sponsored by either of the Sponsors (as determined in good faith by the Borrower, which determination shall be conclusive), (c) has a final maturity date that is not earlier than, and provides for no scheduled payments of principal prior to, the date that is 91 days after the Initial Term Loan Maturity Date (other than through conversion or exchange of any such Indebtedness for Capital Stock (other than Disqualified Stock) of the Borrower, Capital Stock of any Parent or any other Junior Capital), (d) has no mandatory redemption or prepayment obligations other than (x) obligations that are subject to the prior payment in full in cash of the Loans or (y) pursuant to an escrow or similar arrangement with respect to the proceeds of such Junior Capital and (e) does not require the payment of cash interest until the date that is 91 days following the Initial Term Loan Maturity Date.

  • Junior Financing has the meaning set forth in Section 7.13(a).

  • Consolidated Senior Funded Debt means at any date the sum of: (i) Consolidated Funded Debt, minus (ii) the Subordinated Debt.

  • Junior Financing Documentation means any documentation governing any Junior Financing.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Senior citizen means that term as defined in section 514.

  • Senior Financial Officer means the chief financial officer, principal accounting officer, treasurer or comptroller of the Company.

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Senior means a person seventy years old or older.

  • Senior Facility has the meaning given to the term “Facility” in the Senior Facilities Agreement.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Invested Capital means the amount calculated by multiplying the total number of Shares purchased by Stockholders by the issue price at the time of such purchase, reduced by the portion of any Distribution that is attributable to Net Sales Proceeds and by any amounts paid by the Company to repurchase Shares pursuant to the Company’s plan for the repurchase of Shares.

  • Senior Facilities means the Credit Agreement and any Additional Senior Debt Facilities.

  • Senior Finance Documents means the Senior Facilities Agreement and such other documents identified as “Senior Finance Documents” pursuant to the Senior Facilities Agreement.

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Class A Invested Amount means, on any date of determination, an amount equal to (a) the Class A Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class A Certificateholders on or prior to such date, minus (c) the excess, if any, of (i) the aggregate amount of Class A Investor Charge-Offs for all prior Distribution Dates over (ii) Class A Investor Charge-Offs reimbursed pursuant to subsection 4.07(b) prior to such date.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated in right to the Loan Obligations.

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Non-Debt Fund Affiliate means any Affiliate of any Sponsor other than (a) Holdings, the Parent Borrower or any Subsidiary of the Parent Borrower, (b) any Debt Fund Affiliate and (c) any natural person.

  • Debt Fund Affiliate means any Affiliate of the Sponsor that is a bona fide diversified debt fund primarily engaged in, or advising funds or other investment vehicles that are engaged in making, purchasing or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of business whose managers have fiduciary duties to the third-party investors in such fund or investment vehicle that are independent of their duties to the equity holders of Holdings.

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

  • Subordination Percentage With respect to each class of Class A Certificates and Class M Certificates, the respective approximate percentage set forth in the table below: Class Percentage (1) Percentage (2) A 73.250% 78.600% M-1 81.625% 85.300% M-2 88.125% 90.500% M-3 91.500% 93.200% M-4 92.750% 94.200% M-5 94.125% 95.300%

  • Class A Investor Interest means, on any date of determination, an amount equal to (a) the Class A Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class A Certificateholders prior to such date and minus (c) the excess, if any, of the aggregate amount of Class A Investor Charge-Offs pursuant to subsection 4.10(a) over Class A Investor Charge-Offs reimbursed pursuant to subsection 4.11(b) prior to such date of determination; provided, however, that the Class A Investor Interest may not be reduced below zero.