Additional Secured Indebtedness definition

Additional Secured Indebtedness means any Debt (including any guarantee thereof) other than the Notes, the Existing Secured Notes and Additional First Lien Indebtedness, secured by Liens on the Collateral.

Additional Secured Indebtedness as of any date of determination, principal amount of secured (including on a first-priority basis) Indebtedness (other than Indebtedness described in clauses (a) through (r) (inclusive) and (u) of the definition of “Permitted Indebtedness”) of the Covered Group Members and Holdco in an aggregate amount in excess of $6,000,000,000 (including, without limitation, Structured Financing), provided that, (i) on the date such Indebtedness is incurred, the Consolidated Leverage Ratio shall be less than 3.00 to 1.00 after giving pro forma effect to the incurrence of such Indebtedness, (ii) a portion of the Net Cash Proceeds of such Indebtedness (other than revolving credit loans) are used to prepay the Loans in accordance with Section 2.5(a), (iii) the aggregate amount of commitments under revolving credit facilities, if any, together with any revolving credit facilities constituting Excluded Secured Indebtedness, shall not exceed $4,000,000,000, (iv) with respect to any revolving credit facility, the amount of Indebtedness thereunder for the purpose of determining compliance with clauses (i) and (iii) of this definition shall equal the commitment thereunder and (v) if any Loan Party is an obligor or guarantor under such Indebtedness, the lenders party thereto (or an agent on behalf of such lenders) shall have executed and delivered an intercreditor agreement in form and substance reasonably satisfactory to the Lender, which may be an amendment, restatement, modification or supplement to the Intercreditor Agreement.

Additional Secured Indebtedness means Indebtedness of the Loan Parties permitted to be incurred under Section 6.01(j).

Examples of Additional Secured Indebtedness in a sentence

• It is the intention of the parties that the Debtholder Obligations shall be identical and equal, but alternative to the obligations of Pledgor to the holders of the Notes and to the holders of Additional Secured Indebtedness under their respective Secured Instruments.

• After the Closing, Buyer shall give Seller and its authorized representatives reasonable access, upon prior written notice and during normal business hours, to books and records of the Company relating to periods prior to the Closing (including, but not limited to, all records necessary for purposes of Seller in determining the Working Capital Statement in Section 2.3(b)), and Buyer shall permit such persons to examine and copy at Seller's expense such books and records to the extent requested by Seller.

• Plaintiffs in the Main Action claim to have received less in the Loewen bankruptcy than they should have received by virtue of State Street Bank and Trust Company’s (“State Street”) alleged failure to deliver documents known as Additional Secured Indebtedness Registration Statement (“ASIRS”) to Loewen’s collateral trustee, Banker’s Trust Company (“Banker’s Trust”).

• The Borrower and Holdings will not, and will not permit any of their respective Subsidiaries to, (i) enter into any amendment to any Junior Lien Document or enter into any new Junior Lien Document other than in accordance with the Intercreditor Agreement (or the applicable intercreditor agreement relating to any Permitted Additional Secured Indebtedness, as applicable).

• For each transaction, Loewen and State Street executed an Additional Secured Indebtedness Registration Statement (“ASIRS) as contemplated by the CTA.

More Definitions of Additional Secured Indebtedness

Additional Secured Indebtedness shall have the meaning assigned to such term in Section 6.02(q).

Additional Secured Indebtedness has the meaning assigned to it in Section 5.10(f).

Additional Secured Indebtedness has the meaning assigned to that term in subsection 7.1(xv).

Additional Secured Indebtedness has the meaning set forth in Section 2.23 (Additional Secured Indebtedness).

Additional Secured Indebtedness means Secured Indebtedness in addition to the Notes, the Revolving Credit Facility and the Term Loan Credit Facility, which Secured Indebtedness is permitted by each applicable Secured Indebtedness Document to be secured equally and ratably with all previously existing and future Secured Indebtedness.

Additional Secured Indebtedness means, as of any date of determination, the principal amount of secured Indebtedness (including that secured on a first-priority basis by the Collateral or the US Collateral or any portion of either thereof, but excluding (a) Indebtedness under the US CreditAgreement and the VEBA Note Facility and (b) Indebtedness described in clauses (a) through (m) (inclusive) and clause (p) of the definition of “Permitted Indebtedness”) of the Covered Group Members and Holdco in an aggregate amount in excess of US$6,000,000,000 (or in the case of amounts denominated in Canadian Dollars, the US Dollar Equivalent thereof) (including, without limitation, Structured Financing), provided that

Additional Secured Indebtedness means any indebtedness or obligation of the Metropolitan Government, the Authority or any other Person, other than the Bonds, payable from or secured by a pledge of, lien on, or security interest in any of the Non-Tax Revenues.