Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.
Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense. “State Water Pollution Control Revolving Fund (Revolving Fund)” means the water pollution control revolving fund established by Chapter 90.50A.020 RCW.
Senior Lien Obligations means, collectively, (i) the Credit Agreement Obligations and (ii) each Series of Additional Senior Lien Obligations.
Examples of Senior Lien Obligations in a sentence
That is, the loan is not subject to acceleration so long as any Senior Lien Obligations are outstanding.
This loan shall constitute a lien and charge upon the Net Revenue junior and subordinate to the lien and charge upon such Net Revenue of any Senior Lien Obligations.
More Definitions of Senior Lien Obligations
Senior Lien Obligations means any Purchase Money Obligation secured by a Purchase Money Lien that is a Senior Lien and any other indebtedness of the Company for borrowed money secured by a Senior Lien.
Senior Lien Obligations means the Initial Senior Lien Obligations and any Additional Senior Lien Obligations.
Senior Lien Obligations means the “Senior Obligations” as defined in the First Lien/Second Lien Intercreditor Agreement.
Senior Lien Obligations means Indebtedness which subordinates or has the effect of subordinating (in each case, whether contractually, structurally or otherwise) (1) the Liens securing the Note Obligations or any portion of the Note Obligations or (2) the Note Obligations or any portion of the Note Obligations in right of payment, in each case, to such Indebtedness; provided that in each case, any such Senior Lien Obligation Incurred, directly or indirectly, by the Company or any of its Subsidiaries:
Senior Lien Obligations means any and all obligations of every nature of each Senior Lien Credit Party from time to time owed to the Senior Lien Secured Parties, or any of them, under, in connection with, or evidenced or secured by any Senior Lien Document, including all “Obligations” (or obligations defined by reference to a similar term) as defined in any Senior Lien Credit Agreement, and whether for principal, interest, premium on any Indebtedness (including interest and premiums that, but for the filing of a petition in bankruptcy with respect to such Senior Lien Credit Party, would have accrued on any Senior Lien Obligation, whether or not a claim is allowed against such Senior Lien Credit Party for such interest or premium in the related bankruptcy proceeding), letter of credit commissions (if applicable), charges, fees, expenses, attorneys’ fees and disbursements, indemnification or otherwise, and all other amounts owing or due under the terms of any Senior Lien Document. Notwithstanding the foregoing, if the aggregate principal amount of loans outstanding under the Senior Lien Credit Agreements is in excess of the Maximum Senior Lien Amount, then only that portion of such principal amount equal to the Maximum Senior Lien Amount shall be included in “Senior Lien Obligations”.
Senior Lien Obligations means all indebtedness, obligations for borrowed money or other obligations of the Authority other than Senior Lien Bonds that has a lien upon the Revenues that is on a parity with that of the Senior Lien Bonds and that is senior to that of the Loan Debt Service, any other Parity Debt, and any Subordinate Obligations, including any Interest Rate Swap Agreement (excluding fees and expenses thereon and Swap Termination Payments, which shall be secured as Subordinate Obligations) entered into in connection with a Series of Senior Lien Bonds, in each case incurred in accordance with Section [ ], and in each case having a lien and charge upon the Revenues and therefore being payable on a parity with the Senior Lien Bonds.
Senior Lien Obligations. The Secured Obligations and the obligations under any First Lien Senior Secured Notes, Permitted First Priority Replacement Debt, Other Term Loans or Other Revolving Commitments and Additional Debt (in each case that is not subordinated in right of payment to the Initial Term Loans and the Initial Revolving Loans and is secured by a Lien permitted under the Credit Agreement that is not junior to the Lien securing the Initial Term Loans and Initial Revolving Loans), and any Refinancings of all or any portion of any of the foregoing (referred to herein as the “Senior Lien Obligations”). The definitive documentation in respect of the Senior Lien Obligations, including the Credit Agreement and the Loan Documents, is referred to herein as the “Senior Lien Debt Documents.”