Existing Secured Indebtedness definition

Existing Secured Indebtedness means the secured Indebtedness existing on the Closing Date specified on Schedule 5.02(a).

Existing Secured Indebtedness means (a) the Credit Agreement, dated as of January 26, 2017, among the Borrower, Holdings, the lenders party thereto and Keybank National Association, as administrative agent, (b) the Credit Agreement, dated as of August 31, 2015, as amended on February 17, 2017, among Corporate Risk Acquisition, LLC, Corporate Risk Holdings, LLC, the lenders party thereto and Cerberus Business Finance, LLC, as administrative agent, (c) the Indenture, dated as of July 3, 2014, between Corporate Risk Holdings, LLC and Wilmington Trust, National Association, as trustee, governing the 9.50% Senior First Lien Secured Notes due 2019 and (d) the Indenture, dated as of July 3, 2014, between Corporate Risk Holdings, LLC and Wilmington Trust, National Association, as trustee, governing the 13.50% PIK/11.50% Cash Pay Senior Second Lien Secured Notes due 2020, in each case, as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof.

Existing Secured Indebtedness has the meaning ascribed to it in Section 6.3(a)(v) hereof.

Examples of Existing Secured Indebtedness in a sentence

• The security interest granted by the Company under the Security and Pledge Agreement, and by the Company’s Material Subsidiaries under the Subsidiary Security and Pledge Agreement, securing the indebtedness evidenced by this Note, including all Obligations, is senior to all other liens, security interests or encumbrances securing any other indebtedness of each of the Company and its Material Subsidiaries other than the Permitted Existing Secured Indebtedness (pursuant to the Intercreditor Agreement).

• Amend, modify, supplement, waive or replace any document, instrument or agreement (or any terms or conditions thereof) entered into in connection with or evidencing the Existing Secured Indebtedness (except to the extent otherwise permitted by the terms hereof) or any Secured Intercompany Loans unless, in each case, such amendment, modification, supplement, waiver or replacement is consented to in writing by Administrative Agent acting at the direction of Majority Lenders.

• The Company shall assist the Purchaser with any and all filings necessary or appropriate and reasonably requested by the Purchaser for the perfection of the security interests granted under this Agreement provided that such security interests shall be subordinate to the security interests of the holders of the Permitted Existing Secured Indebtedness pursuant to the Intercreditor Agreement.

• Purchaser acknowledges that certain of the Existing Secured Indebtedness may require Purchaser to guarantee or provide guarantees of certain non-recourse carve-out portions of the Existing Secured Indebtedness.

• SCHEDULE 6.01 Existing Secured Indebtedness MORTGAGE, SUPPLEMENTAL INDENTURES & SERIES OF BONDS MORTGAGE OR SUPPLEMENTAL INDENTURE DATED AS OF SERIES PRINCIPAL AMOUNT ISSUED PRINCIPAL AMOUNT OUTSTANDING NO.

More Definitions of Existing Secured Indebtedness

Existing Secured Indebtedness means Existing Indebtedness secured by the Existing Liens (other than judgment liens).

Existing Secured Indebtedness means all debt of the Company outstanding as of August 27, 2018 that is secured by a lien against the assets of the Company which has been perfected by the filing of a UCC financing statement prior to such date.

Existing Secured Indebtedness means the outstanding Indebtedness on the date of this Indenture secured by the existing first priority deeds of trust on the CF Property, the San Xxxxxx Property and the MF Property, as such Indebtedness may be extended, renewed, refinanced or replaced; provided that (i) the principal amount of any such refinancing does not exceed the principal amount of the Indebtedness being refinanced (other than the interest rate and fees under such refinanced Indebtedness which may be at a rate consistent with the rates and fees then prevailing in the market for similar Indebtedness for borrowers engaged in the Core Businesses and with similar credit risks as the Issuer) and (ii) the material terms and provisions of any such refinancing (including redemption, prepayment, security, default and subordination provisions) are no less favorable to CF Owner or the MF Owner, as applicable, any guarantors of such Indebtedness, and the Holders than the Indebtedness being refinanced (other than the interest rate and fees under such refinanced Indebtedness which may be at a rate consistent with the rates and fees then prevailing in the market for similar Indebtedness for borrowers engaged in the Core Businesses and with similar credit risks as the Issuer).

Existing Secured Indebtedness means the secured Indebtedness existing on the Second Amendment Effective Date specified on Schedule 5.02(a).

Existing Secured Indebtedness means Secured Indebtedness existing as of the date hereof and identified on Schedule A to this Indenture and such Secured Indebtedness as may, following the Issue Date be obtained in order to refinance or otherwise replace such identified Secured Indebtedness, in the same or lesser amounts as the amounts identified in said schedule and outstanding as of the Issue Date (or in the case of a revolving credit facility, the maximum principal amount which may be borrowed from time to time under such facility) but, in any case, only to the extent the terms thereof expressly require subordination of the Securities.

Existing Secured Indebtedness means that certain ----------------------------- indebtedness secured by liens, assignments or security interests, encumbering the Property which will not be discharged at Closing pursuant to the provisions of this Agreement, which Existing Secured Indebtedness is described on Exhibit D attached hereto and made a part hereof.

Existing Secured Indebtedness means Secured Indebtedness existing as of the Issue Date and identified on Schedule 2(b)(ii) to the Purchase Agreement and such Secured Indebtedness as may, following the Issue Date be obtained in order to refinance or otherwise replace such identified Secured Indebtedness, in the same or lesser amounts as the amounts identified in said schedule and outstanding as of the Issue Date but, in any case, only to the extent the terms thereof expressly require subordination of the Securities.