Existing Secured Debt definition

Existing Secured Debt means all obligations, liabilities and indebtedness of every nature of the Company from time to time owed to Partners for Growth III, L.P. pursuant to that certain Loan and Security Agreement dated December 14, 2011 between the Company and Partners for Growth III, L.P.

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Existing Secured Debt means, collectively, the Credit Suisse Existing Secured Claims and the GE Existing Secured Claims.

Existing Secured Debt means all obligations, liabilities and indebtedness of every nature of the Company from time to time owed to the Existing Secured Note Holder under the Existing Secured Note, including, without limitation, the principal amount of all debts, claims and indebtedness, accrued and unpaid interest and all costs and expenses, whether primary, secondary, direct, contingent, fixed or otherwise, heretofore, now and from time to time hereafter owing, due or payable, whether before or after the filing of a Proceeding under the Bankruptcy Code together with any interest accruing thereon after the commencement of a Proceeding, without regard to whether or not such interest is an allowed claim.

Examples of Existing Secured Debt in a sentence

The Liens arising under this Agreement will be senior to the Liens securing the Other Existing Secured Debt irrespective of the time of the execution, delivery or issuance of any thereof or the filing or recording for perfection of any thereof or the filing of any financing statement or continuation statement relating to any thereof.
Notwithstanding any provision herein or in the Existing Secured Debt to the contrary, (i) neither the Loan nor the Existing Secured Debt, nor any payment obligations associated with either the Loan or Existing Secured Debt, shall be due and payable prior to the earliest to occur of the events set forth in Sections 2.7(a), 2.7(b) and 2.7(c) above, and (ii) the Lender, in its capacity as holder of the Existing Secured Debt, consents to the Loan.
Except as expressly disclosed in the Merger Agreement and other than with respect to the Existing Secured Debt, the Borrower is not in default in any respect (nor has any event occurred which, but for the lapse of time or the giving of notice, or both, would constitute a default in any material respect) under any obligation or under any license or permit to own and/or operate its properties or assets or to carry on its business.
The indebtedness evidenced by the Notes shall be expressly subordinated in right of payment to the prior payment in full of all of the Company’s Existing Secured Debt (as defined in the Notes), and each Purchaser hereby agrees to enter into such agreements and take such additional action as may be necessary to perfect such subordination.
All existing and hereafter arising Indebtedness of the Company (excluding the Existing Secured Debt as of the Date of Closing and a Permitted Working Capital Facility) shall be subordinated to the Indebtedness and other obligations of the Company under the Documents pursuant to subordination agreements reasonably satisfactory in form and substance to the Required Holders, in their sole and absolute discretion.

More Definitions of Existing Secured Debt

Existing Secured Debt means the mortgage and mezzanine loans being repaid in full with the proceeds of the Loans on the date hereof.

Existing Secured Debt has the meaning set forth in the definition of “Secured Debt.”

Existing Secured Debt means amounts outstanding under the Senior Secured Credit Facilities and Indebtedness represented by the September 2012 Senior Secured Notes (including the guarantees with respect thereto), the August 2011 Senior Secured Notes (including the guarantees with respect thereto), the February 2011 Senior Secured Notes (including the guarantees with respect thereto) and the October 2010 Senior Secured Notes (including the guarantees with respect thereto).

Existing Secured Debt means "Existing Secured Debt" as defined in the Credit Agreement.

Existing Secured Debt means any Indebtedness outstanding on the Issue Date pursuant to the Securities Purchase Agreement dated June 29, 2001 between the Company and Elan Pharma International Limited and the Senior Secured Promissory Note dated November 15, 2001 issued by the Company to American Home Products Corporation.

Existing Secured Debt as defined in the Credit Agreement.

Existing Secured Debt means the obligations and liabilities (actual or contingent) of any Obligor under or in connection with the US$230,000,000 Secured Loan Agreement dated 10 September 2007 and entered into by, inter alios, the Borrower and the Other Buyer, as borrowers, DVB Bank AG as agent and security agent, the arrangers party thereto and the lenders party thereto from time to time.