Initial Senior Obligations definition

Initial Senior Obligations means [(a)] the [describe the specific Bonds, etc.] of the Borrower issued in connection with the Project under the Indenture, to the extent issued or incurred on [or within [_____] days after] the Effective Date [and (b) the Project BANs].
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Initial Senior Obligations means the obligations of the Borrower under the Initial Senior Loan Agreement.
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Initial Senior Obligations means the obligations of the Borrower constituting First Senior Lien Bonds, Second Senior Lien Bonds or Subordinate Lien Bonds under the Indenture, in each case to the extent issued prior to the Effective Date.
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Examples of Initial Senior Obligations in a sentence

  • Note: Amendments carried out to this Plan are listed in the table contained in Annexure 2.

  • The initial Qualified Hedge must have an aggregate stated notional amount of not less than 98% of the aggregate principal amount of the Variable Interest Rate Senior Obligations projected to be outstanding during the term of the Qualified Xxxxxx and have a stated maturity or termination date not earlier than the final maturity date of the Initial Senior Obligations.

  • The Borrower shall have delivered such other agreements, documents, instruments, opinions and other items required by the TIFIA Lender, all in form and substance satisfactory to the TIFIA Lender, including evidence that all other Project funding requirements have been met (including evidence of other funding sources or funding commitments and evidence of the closing of the Initial Senior Obligations).

  • The Initial Senior Obligations have received a public Investment Grade Rating from at least two (2) Nationally Recognized Rating Agencies, the TIFIA Loan has received a public rating from at least two (2) Nationally Recognized Rating Agencies, and written evidence of such ratings has been provided to the TIFIA Lender prior to the Effective Date, and no such rating has been reduced, withdrawn or suspended as of the Effective Date.

  • A medical qualification included in the first or second schedule or Part II of the third schedule to the Indian Medical Council Act of 1956 (persons possessing qualifications included in Part II of the third schedule should also fulfill the conditions specified in sub section (3) of the Section 13 of the Act.).b.

  • DEFAULT RATE If the Borrower fails to pay when due interest on or principal of the TIFIA Loan, the Borrower shall pay interest on such overdue amount from its due date to the date of actual 2 If the total principal amount of the Initial Senior Obligations and the TIFIA Loan is less than $75,000,000, one rating agency opinion for each of the Initial Senior Obligations and the TIFIA Loan will be sufficient.

  • The initial Qualified Hedge must have an aggregate stated notional amount of not less than ninety-eight percent (98%) (and not more than one hundred two percent (102%)) of the aggregate principal amount of the Variable Interest Rate Senior Obligations projected to be outstanding during the term of the Qualified Xxxxxx and have a stated maturity or termination date not earlier than [the final maturity date] of the Initial Senior Obligations.

  • If the total principal amount of the Initial Senior Obligations and the TIFIA Loan is less than $75,000,000, one rating agency opinion for each of the Initial Senior Obligations and the TIFIA Loan will be sufficient.

  • The parties hereto acknowledge that the total amount of the initial Commitments under the Initial Participating Credit Agreements (combined) is $300,000,000 and, accordingly, the maximum aggregate principal amount of Loans that may be included in the Initial Senior Obligations is $300,000,000.

  • The Borrower shall have provided evidence to the TIFIA Lender’s satisfaction, no more than ninety (90), but no less than fourteen (14), days prior to the Effective Date, of the assignment by at least two (2) Nationally Recognized Rating Agencies of an Investment Grade Rating to the Initial Senior Obligations and a public rating on the TIFIA Loan and no such rating has been reduced, withdrawn or suspended as of the Effective Date.


More Definitions of Initial Senior Obligations

Initial Senior Obligations means the Senior Lien Revenue Bonds, Series 2021B, issued by the Borrower pursuant to the Twenty-Seventh Supplemental Indenture.
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Initial Senior Obligations means the Colorado High Performance Transportation Enterprise C-470 Express Lanes Senior Revenue Bonds, Series 2017 of the Borrower issued in connection with the Project under the Indenture.
Sample 1
Initial Senior Obligations means, with respect to any Loan Party, all monetary obligations of such Loan Party that constitute (a) Initial Credit Facility Obligations (other than Increased Loan Obligations), (b) Local Financing Obligations attributable to Loans constituting Initial Credit Facility Obligations (other than Increased Loan Obligations) or (c) Support Obligations in respect of Obligations described in clause (a) or (b) above.
Sample 1
Initial Senior Obligations means the First Tier Bonds to be issued under the Indenture on or about December 20, 2013.
Sample 1
Initial Senior Obligations means the obligations of the Borrower constituting First Senior Xxxx Xxxxx, Second Senior Xxxx Xxxxx or Subordinate Xxxx Xxxxx under the Indenture, in each case to the extent issued prior to the Effective Date.
Sample 1

Related to Initial Senior Obligations

  • 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.

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

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

  • Additional Senior Debt Obligations means, with respect to any series, issue or class of Additional Senior Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing.

  • Additional Second Lien Obligations means, with respect to any Grantor, any obligations of such Grantor owed to any Additional Second Lien Secured Party (or any of its Affiliates) in respect of the Additional Second Lien Documents.

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

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Additional Senior Debt Facility means each indenture or other governing agreement with respect to any Additional Senior Debt.

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

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Additional Senior Debt Documents means, with respect to any series, issue or class of Additional Senior Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Senior Collateral Documents.

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

  • Subordinated Obligations has the meaning specified in Section 7.05.

  • 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.

  • Additional Obligations as defined in the Base Intercreditor Agreement.

  • Additional Secured Obligations means (a) all obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, expenses and fees are allowed claims in such proceeding; provided that Additional Secured Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Designated Senior Indebtedness means Senior Indebtedness under the Credit Agreement and (ii) any other Senior Indebtedness the principal amount of which is $25.0 million or more and that has been designated by the Issuer as Designated Senior Indebtedness.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

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

  • Other First Lien Obligations means the “Other First Lien Obligations” as defined in the Collateral Agreement, including any interest accruing after commencement of any bankruptcy or insolvency proceeding with respect to any holder of Other First Lien Obligations whether or not allowed in such proceeding.

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

  • Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by the Noteholder First Lien Collateral), the Noteholder Obligations, and (b) with respect to Noteholder Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Revolving Facility Obligations.

  • Senior Subordinated Note Documents means the Senior Subordinated Notes, the Senior Subordinated Note Agreement, the Senior Subordinated Note Guarantees and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Agreement.

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • Designated Senior Debt means (i) Indebtedness under or in respect of ---------------------- the Credit Agreement and (ii) any other Indebtedness constituting Senior Debt which, at the time of determination, has an aggregate principal amount of at least $25.0 million and is specifically designated in the instrument evidencing such Senior Debt as "Designated Senior Debt" by the Company.