Additional Senior Obligations definition

Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

Additional Senior Obligations means any Senior Obligations permitted under Section 15(a) (Negative Covenants – Indebtedness) and under the Financing Documents, which Senior Obligations are issued or incurred after the Effective Date.

Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations do not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Subordinated Debentures or to rank pari passu in right of payment with the Subordinated Securities Debentures. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

Examples of Additional Senior Obligations in a sentence

• The payment by the Company of the principal of and interest on all Debentures issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and junior in right of payment to the prior payment in full of all Senior Debt, Subordinated Debt and Additional Senior Obligations (collectively, "Senior Indebtedness") to the extent provided herein, whether outstanding at the date of this Indenture or thereafter incurred.

• This Preferred Securities Guarantee will constitute an unsecured obligation of the Guarantor and will rank subordinate and junior in right of payment to all Senior Debt, Subordinated Debt and Additional Senior Obligations, as defined in the Indenture, of the Guarantor, to the extent and in the manner set forth in the Indenture, and the applicable provisions of the Indenture will apply, in all relevant respects, to the obligations of the Guarantor hereunder.

• The payment by the Company of the principal of and interest on all the Debentures issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and junior in right of payment to the prior payment in full of all Senior Debt, Subordinated Debt and Additional Senior Obligations of the Company (collectively, "Senior Indebtedness") to the extent provided herein, whether outstanding at the date of this Indenture or thereafter incurred.

• This Preferred Securities Guarantee will constitute an unsecured obligation of the Guarantor and will rank subordinate and junior in right of payment to all Senior Debt, Subordinated Debt and Additional Senior Obligations, of the Guarantor (as defined in the Indenture), to the extent and in the manner set forth in the Indenture, and the applicable provisions of the Indenture will apply, in all relevant respects, to the obligations of the Guarantor hereunder.

• The payment by the Company of the principal of and interest on all Debentures issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and junior in right of payment to the prior payment in full of all Senior Debt, Subordinated Debt and Additional Senior Obligations of the Company (collectively, "Senior Indebtedness") to the extent provided herein, whether outstanding at the date of this Indenture or thereafter incurred.

More Definitions of Additional Senior Obligations

Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures, including the Company's 9.25% Subordinated Debentures due 2027, issued to IFC Capital Trust I. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

Additional Senior Obligations means all indebtedness of the Company for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements, whether outstanding on the date of execution of this Indenture or thereafter created, assumed or incurred; provided, however, that Additional Senior Obligations shall not include claims in respect of Senior Indebtedness or any obligation (i) Ranking Junior to the Securities or (ii) Ranking on a Parity with the Securities. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended, and in effect on the date of execution of this Indenture.

Additional Senior Obligations means Additional Obligations that are designated as “Senior Priority Debt” under the Cash Flow Intercreditor Agreement.

Additional Senior Obligations means any Obligations to the Senior Secured Parties of any series of Additional Senior Debt, including the guarantees thereof, any letter of credit obligations, obligations in respect of Permitted Hedging Transactions or obligations with respect to Cash Management Services and any other agreement or instrument granting or providing for the perfection of a Lien securing such items.

Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures, including the Company's Floating Rate Junior Subordinated Deferrable Interest Debentures due 2028 issued to Coal City Capital Trust I. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

Additional Senior Obligations means indebtedness issued by the District after the Effective Date which constitutes a Senior Obligation.

Additional Senior Obligations means additional Indebtedness (including Senior Refinancing Indebtedness) incurred by the Concessionaire which ranks on a parity in lien and right of payment status with the Series 2014 Loan, as permitted under Section 6.18 of the Series 2014 Loan Agreement. Additional Senior Obligations may be incurred by the Concessionaire, from time to time, for one or more of the following purposes: (i) to complete construction of the X.X. 00 Xxxxx 0 Project, (ii) to comply with obligations under the Material Project Contracts, (iii) to refurbish, upgrade, modify, expand or add to the U.S. 36 Project, (iv) to refinance, replace or refund all or part of any then outstanding Indebtedness of the Concessionaire, (v) to fund any debt service reserves with respect to such Additional Senior Obligations, (vi) to pay the costs of issuance of such Additional Senior Obligations, and (vii) for any combination of such purposes.