Existing Senior Loan definition

Existing Senior Loan means a Senior Loan directly or indirectly encumbering the applicable Property on the date hereof, all as set forth on Schedule 9.15.6 hereto.
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Existing Senior Loan means the loan pursuant to the Existing Senior Loan Agreement.
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Existing Senior Loan means the mortgage loan in the aggregate amount of $140,000,000 entered into pursuant to the Loan and Security Agreement dated as of September 1, 2006 between SHR Scottsdale X, L.L.C. and SHR Scottsdale Y, L.L.C., as borrower and Citigroup Global Markets Realty Corp., as lender, as heretofore amended, including without limitation by the Amendment to Mortgage Loan and Security Agreement dated as of May 9, 2007 between SHR Scottsdale, L.L.C., as borrower and Citigroup Global Markets Realty Corp., as lender, as amended by that certain Restructuring Agreement dated as of June 9, 2011 and as assigned to FSP Hotel Owner and FSP Operating Lessee pursuant to that certain Assumption Agreement dated as of June 9, 2011.
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Examples of Existing Senior Loan in a sentence

  • Projected Pledged Tax Revenues and Debt Service Coverage‌ Set forth below are tables showing net available tax increment revenues from the Project Areas on an aggregate basis, projected Pledged Tax Revenues and estimated debt service coverage for all Existing Senior Loan Agreements, Second Lien Debt, the 2017A/B Bonds and the 2021A Bonds.

  • The Successor Agency’s obligation to pay debt service on the Existing Senior Loan Agreements is senior to that of the 2021A Bonds and the 2017A/B Bonds.

  • The mortgagees’ interest and mortgagees’ additional insurance covers White Oak Global Advisors, LLC, the administrative agent under the Debtors’ Existing Senior Loan Agreement,2 up to the sum insured.

  • Such security interests (i) shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Lender, (ii) shall constitute valid and enforceable perfected security interests superior to and prior to the rights of all third Persons, and subject to no other Liens, other than in connection with the Existing Senior Loan Documents and except for Permitted Encumbrances.

  • Increased by the amount, if any, then held in escrow accounts maintained by the lender of the Existing Senior Loan or in segregated escrows maintained by a MARC Entity for such Group A Property.

  • The Pre-Petition Secured Term Loan Claims are Allowed in an amount equal to all principal plus all interest accrued at the non-default rate prior to the Petition Date, and all fees and expenses payable in connection therewith in accordance with the terms of the Existing Senior Loan Agreements.

  • Increased or decreased, as the case may be, 49% with respect to the "First Union Loan" and 51% with respect to the "MARC Equity") to the extent that on the Initial Closing Date the outstanding principal balance on the Existing Senior Loan for the applicable Group A Property or Group B Property is less or more than the amount of set forth on Schedule 9.15.6 hereto for such Group A Property or Group B Property.

  • If required by the holder of the Existing Senior Loan encumbering a Group D Property, First Union shall cause the First Union Lender to enter into a customary intercreditor agreement with the Existing Senior Loan encumbering such Group D Property pursuant to which the First Union Lender subordinates its rights to receive payment or exercise any remedy with respect to any collateral given in connection with the Property Loan to the rights of the holder of such Existing Senior Loan.

  • Funds for (i) refinancing of the Existing Senior Loan, (ii) repayment of the Intercompany Loan, and (iii) payment of all fees, expenses and costs payable or incurred with respect to (i) or (ii).

  • If the student completes enough credits to meet the minimum percentage, the financial aid warning will be lifted.


More Definitions of Existing Senior Loan

Existing Senior Loan means the USD 261,600,000 term loan and revolving credit facility incurred under the senior facilities agreement originally dated 3 October 2013, between, inter alios, NES Global Talent Finance US LLC as borrower, Credit Suisse AG, Cayman Islands Branch as agent and the financial institutions thereunder as lenders (as amended, supplemented and/or restated from time to time).
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Related to Existing Senior Loan

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

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • 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.

  • Prior Loan Agreement is defined in Recital A.

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

  • Existing Senior Subordinated Notes means the Company’s existing 8% Senior Subordinated Notes due 2015.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • 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.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Existing Loan means the loan identified on Exhibit H.

  • Junior Loan has the meaning provided in the Recitals hereto.

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

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness incurred by the Borrower in the form of one or more series of second lien (or other junior lien) secured notes or debentures or second lien (or other junior lien) secured loans; provided that (i) such Indebtedness is secured by all or a portion of the Collateral on a second priority (or other junior priority) basis to the Liens securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (iii) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or the Collateral Agent shall be party to a Customary Intercreditor Agreement, and (iv) such Indebtedness is not at any time guaranteed by any Subsidiaries of the Borrower other than Subsidiaries that are Guarantors.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.

  • Existing Indebtedness means Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • 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.

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.