Existing Senior Claims definition

Existing Senior Claims means: (a) all claims of Existing Senior Creditors under the Existing Senior Debt Documents, including claims in respect of accrued but unpaid interest and/or fees thereunder (save for any unpaid professional advisory fees); and (b) all Accepted Claims.
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Existing Senior Claims means all claims of Existing Senior Creditors under the Existing Senior Debt Instrument(s) in respect of which they are an Existing Senior Creditor as at the record date set pursuant to the terms of the Scheme.
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Existing Senior Claims means: (a) all claims of Existing Senior Creditors under the Existing Senior Debt Documents, including claims in respect of accrued but unpaid interest and/or fees thereunder (save for any unpaid professional advisory fees).
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Examples of Existing Senior Claims in a sentence

  • Each Initial Lender will commit to provide its pro rata share of the Total Senior Creditor Risk Participation Amount by reference to its aggregate amount of Existing Senior Claims as at the Effective Date (the “Initial Lender Commitment”).

  • As an illustration, assuming the record date set out under the terms of the Schemes is on 31 August 2018, it is expected that the accrued and unpaid interest on the Existing Senior Claims as of such record date would amount to approximately US$172.7 million in aggregate.

  • On the Restructuring Effective Date, all Surplus Cash as at such date to be distributed to the Existing Senior Creditors pro rata to Existing Senior Claims.

  • The work fee will be paid on 30 April 2018 calculatedupon Ad Hoc Group members’ Existing Senior Claims on 16 April 2018, subject to a cap of USD2,000,000,000 on the Existing Senior Claims upon which the work fee is calculated.

  • The foregoing figures exclude any Existing Senior Claims which may be Accepted Claims.

  • The Existing Senior Claims transferred to the Senior Creditor SPV under (a)(i) above to be exchanged into claims under one or more limited recourse instruments to be issued by the Company to the Senior Creditor SPV on the Restructuring Effective Date.

  • For the purposes of voting on the Schemes, the Existing RCF Lenders (other than certain Fronting Banks whose Existing Senior Claims are exchanged for New Asset Co Bonds under paragraph 3.4(a))1, the Existing 2018 Noteholders, the Existing 2020 Noteholders and the Existing 2022 Noteholders to constitute together a single class of creditors.

  • The Existing Senior Claims transferred to Topco under (a)(ii) above will be released as part of the Restructuring.

  • Finance CommitteeDirectors are expected to read a substantial amount of material in advance of meetings and to participate in conference calls or informal consultation on an as-needed basis.

  • As at the Latest Practicable Date, the accrued and unpaid interest on the Existing Senior Claims amounted to approximately US$153.9 million in aggregate.

Related to Existing Senior Claims

  • Senior Claims means, (a) with respect to the RBL Priority Collateral, each of the First-Priority Lien Obligations secured by such Collateral and, (b) with respect to the Term/Notes Priority Collateral, each of the Second-Priority Lien Obligations secured by such Collateral.

  • Prior Claims means the Competing Claims to which the Authority’s right to the Building Aid is subordinated by the School Financing Act.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Existing Senior Notes means the Existing 2020 Senior Notes and the Existing 2021 Senior Notes, collectively.

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • 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.

  • Existing Security Agreement shall have the meaning set forth in the recitals.

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Section 510(b) Claims means any Claim against a Debtor arising from rescission of a purchase or sale of an equity security of the Debtors or an Affiliate of the Debtors for damages arising from the purchase or sale of such an equity security or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Discharge of Senior Lender Claims means, except to the extent otherwise provided in Section 5.7 below, payment in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) of (a) all Obligations in respect of all outstanding Senior Lender Claims and, with respect to letters of credit or letter of credit guaranties outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the Credit Agreement, in each case after or concurrently with the termination of all commitments to extend credit thereunder and (b) any other Senior Lender Claims that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid; provided that the Discharge of Senior Lender Claims shall not be deemed to have occurred if such payments are made with the proceeds of other Senior Lender Claims that constitute an exchange or replacement for or a refinancing of such Obligations or Senior Lender Claims. In the event the Senior Lender Claims are modified and the Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the Senior Lender Claims shall be deemed to be discharged when the final payment is made, in cash, in respect of such indebtedness and any obligations pursuant to such new indebtedness shall have been satisfied.

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Senior Higher Priority Liabilities means any obligations in respect of principal of the Issuer under any Notes and any other unsecured and unsubordinated obligations (créditos ordinarios) of the Issuer, other than the Senior Non Preferred Liabilities; and

  • Existing Obligations means the “Obligations” as defined in the Existing Credit Agreement.

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Existing Agreements has the meaning as set forth in Section 3.2 hereof.

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Senior Liabilities means the Senior Lender Liabilities and the Hedging Liabilities.

  • Subordinated Liabilities means liabilities subordinated to Borrower’s obligations to Lender in a manner acceptable to Lender in its sole discretion.

  • Debt Agreements shall have the meaning provided in Section 5.05.