Existing Senior Creditors definition

Existing Senior Creditors means the Existing Notes Creditors and the Existing RCF Lenders.
Existing Senior Creditors means the Existing RCF Lenders, the Existing 2018 Noteholders, the Existing 2020 Noteholders and the Existing 2022 Noteholders.
Existing Senior Creditors means the Existing Note Creditors and the Existing RCF Lenders.

Examples of Existing Senior Creditors in a sentence

  • Shareholders would be likely to receive NIL recovery in a liquidation scenario and will only be entitled to any recovery (if at all) after Existing Senior Creditors and all other senior unsecured creditors as well as Existing Perpetual Capital Securities Holders have been repaid in full.

  • 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.

  • As set out in the restructuring term sheet annexed to the Restructuring Support Agreement (the Restructuring Term Sheet), it is anticipated that all Existing Senior Creditors (as defined in the Restructuring Term Sheet) will have the opportunity to take exposure in relation to the Facilities.

  • Based on US$3.45 billion of debt plus accrued interest due to the Existing Senior Creditors1, the Shareholders, as equity holders, would very likely receive NIL recovery in a liquidation of NGL and only be entitled to any recovery (if at all) after the Existing Senior Creditors and all other senior unsecured creditors as well as Perpetual Capital Securities Holders have been paid in full.

  • Existing Senior Creditors will not participate in the Facilities directly, or be party to the Facility Agreement, but each Existing Senior Creditor will indirectly participate through a Participant which it selects and which agrees to be a Participant on behalf of that Existing Senior Creditor.

  • In connection with their vote on the Schemes, Existing Senior Creditors to be entitled to elect to risk participate in an amount of the New Trade Finance Facility pro rata to their Existing Senior Claims in accordance with paragraph 3.2(a) below.

  • PRAYER FOR RELIEF WHEREFORE, based upon all the allegations set forth above, the United States of America requests that this Court:1.

  • The allocation of equity interest in New Noble to Existing Shareholders has been proposed by the Existing Senior Creditors to provide Existing Shareholders with the opportunity to participate in the future of New Noble Group after the completion of the proposed Restructuring.

  • These amounts will increase by the relevant Scheme record date due to accrued PIK interest on their respective Existing Senior Claims accruing and will therefore lower the notional value of Tranche B of the New Asset Co Bonds available to other Existing Senior Creditors.

  • On the Restructuring Effective Date, 70% of the equity of New Noble will be held by Existing Senior Creditors (through the Senior Creditor SPV).


More Definitions of Existing Senior Creditors

Existing Senior Creditors who participate in the Facility (the "Risk Participants") will sub- participate in the participations of the Prime Broker Participants through sub-participations (each a "Sub-Participation"). Each member of the TradingCo Group will provide a counter-indemnity to: (1) the Participants in respect of any claim made on an SBLC or cash provided by the Cash SPV (the "Participant Counter Indemnities"), and (2) the Risk Participants in respect of any claim made by a Prime Broker Participant under the Sub-Participations (the "Risk Participant Counter Indemnities"), The Trade-Specific Security, the General Security (as defined in the TFF Term Sheet1) and the Borrower Cash Collateral will secure the obligations of the TradingCo Group under or in respect of (1) the Trade Finance Facility, (2) the Hedging Support Facility, (3) the Participant Counter Indemnities, (4) the Risk Participant Counter Indemnities, and (5) the TradingCo Bonds (together the "TradingCo Liabilities"). Assets held by Trading Co for the benefit of Asset Co pursuant to the Business Separation will be carved out of the General Security and intercreditor arrangements with respect to those assets and any security granted over them by Trading Co will be entered into on the terms provided for in the Business Separation Term Sheets. The "instructing group" with respect to the Trade-Specific Security and the General Security will be (1) the Fronting Banks at any time while any amount payable to them is overdue or they are not cash collateralised in accordance with these terms, or (2) otherwise (a) the holders of the TradingCo Bonds or, (b) if any amount is unpaid under the Participations, the Majority Participants. The other creditors with respect to the TradingCo Liabilities will be subject to a standstill period of 179 days. The proceeds from the enforcement of the Trade-Specific Security and the General Security will be applied in the following order of priority:
Existing Senior Creditors means the senior creditors (which are not related parties) of:
Existing Senior Creditors the Existing Banks and the Senior Noteholders.

Related to Existing Senior Creditors

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

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

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

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

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Senior Bank Debt means the Indebtedness (including letters of credit) outstanding under the Credit Facility as such agreement may be restated, further amended, supplemented or otherwise modified or replaced from time to time hereafter, together with any refunding or replacement of such Indebtedness.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • Senior Lender means each holder of a Senior Note.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

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

  • Debt Agreement means the debt agreement dated as of the Closing Date by and among Freddie Mac and the Holders of Notes, a copy of which is attached as Exhibit A hereto.

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

  • Existing Security Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.