Existing Senior Debt Clause Samples
The 'Existing Senior Debt' clause defines and identifies the outstanding debt obligations that have priority over other debts in terms of repayment, typically held by senior lenders before the execution of a new agreement. This clause usually lists or references specific loans, credit facilities, or other financial instruments that are considered senior, and may set out their terms or the maximum allowable amounts. By clearly delineating which debts are classified as senior, the clause ensures that all parties understand the hierarchy of claims on the borrower's assets, thereby reducing the risk of disputes and providing certainty regarding repayment priorities.
Existing Senior Debt. Indebtedness of BGI and its Subsidiaries in existence as of the Closing Date and listed on Schedule 9.1 hereof. Existing Subordinated Debt. Indebtedness of BGI incurred pursuant to the Existing Subordinated Debt Transactions. Existing Subordinated Debt Transactions. The convertible senior subordinated debt offerings by BGI of the Existing Subordinated Notes.
Existing Senior Debt. Indebtedness of BGI and its Subsidiaries in existence as of the Closing Date and listed on Schedule 9.1 hereof.
Existing Senior Debt. Debt of the Borrowers and their Subsidiaries in existence as of the Closing Date constituting Existing Senior Debt (including Capitalized Leases) is as follows: ($ millions)
Existing Senior Debt. Indebtedness of the Borrower and its Subsidiaries in existence as of the Closing Date and listed on Schedule 9.1 hereof. Fee Letter. The fee letter dated as of March 25, 2002 among the Borrower, the Administrative Agent and the Arranger.
Existing Senior Debt. The Existing Senior Debt shall have been duly purchased by CITBC, and assigned, together with all liens and security interests relating thereto, to CITBC.
Existing Senior Debt. Indebtedness of the Borrower and its Subsidiaries in existence as of the Closing Date and listed on Schedule 8.1 hereof.
Existing Senior Debt. Indebtedness of BGI and its Subsidiaries in existence as of the Closing Date and listed on Schedule 9.1 hereof. Facility Fee. See §2.2. FASB ASC. The Accounting Standards Codification of the Financial Accounting Standards Board.