Senior Loan definition

Senior Loan has the meaning provided in the Recitals hereto.

Senior Loan means each loan made pursuant to a Senior Credit Agreement.

Senior Loan has the meaning set forth in Section 2.5.

Examples of Senior Loan in a sentence

• This Agreement shall remain in full force and effect until the indefeasible payment in full in cash of the Senior Debt and the termination of all lending commitments under the Senior Loan Documents after which this Agreement shall terminate without further action on the part of the parties hereto; provided, that if any payment is, subsequent to such termination, recovered from any holder of Senior Debt, this Agreement shall be reinstated.

• Subject to the indefeasible payment in full in cash of all Senior Debt and the termination of all lending commitments under the Senior Loan Documents, if Subordinated Lender makes a Distribution to Senior Agent or the Senior Lenders under this Agreement, Subordinated Lender shall be subrogated to the rights of Senior Agent and the Senior Lenders to receive Distributions with respect to the amount of such Distribution made by Subordinated Lender until the Subordinated Debt is paid in full.

• The name of the statutory trust is Invesco Senior Loan Fund and the Trustees may transact the Trust’s affairs in that name or any other name as the Board of Trustees may from time to time designate.

• Without limiting the generality of the foregoing, the Company shall not enter into, or permit to exist, any Contractual Obligation that encumbers or restricts the ability of any Company Party to (i) pledge its property pursuant to the Transaction Documents or (ii) perform any of its obligations under the Transaction Documents or any Selinexor Material Contract in any material respect (other than the 2029 Convertible Note Indenture, the Senior Loan Agreement and the Intercreditor Agreement).

• All of the Borrowers’ and Guarantors’ obligations to Senior Agent and the Senior Lenders under the Senior Credit Agreement and the other Senior Loan Documents (as hereinafter defined) are secured on a first priority basis by liens on and security interests in substantially all of the now existing and hereafter acquired real and personal property of the Borrowers (collectively, the “Collateral”).

More Definitions of Senior Loan

Senior Loan means a collateral debt obligation that is a Secured Senior Loan or an Unsecured Senior Loan.

Senior Loan means any secured Bank Loan that is not subordinated by its terms to any other indebtedness of the borrower.

Senior Loan means a mortgage loan in connection with the acquisition of a Property provided by a Senior Lender to a Fee Owner and any replacement, renewal, extension, substitution, addition, supplement, modification, amendment or refinancing thereof, each as approved by the Partners hereunder.

Senior Loan means any Loan that (a) is secured by a first priority Lien on all of the Obligor’s assets constituting Collateral for the Loan and (b) provides that the payment obligation of the related Obligor on such Loan is either senior to, or pari passu with, all other loans or financings to such Obligor.

Senior Loan. A Loan that (i) is secured by a first priority lien on all of the Obligor’s assets constituting Collateral for such Loan (subject to Permitted Liens), (ii) has a Loan-to-Value Ratio less than or equal to 90% and (iii) provides that the payment obligation of the related Obligor on such Loan is either senior to, or pari passu with, all other loans or financings to such Obligor.

Senior Loan the “Loan” as defined in the Senior Loan Agreement.

Senior Loan means, collectively, any advance or advances of principal made by the Senior Lenders to BOG under the Senior Credit Agreement and the other Senior Loan Documents.