Junior Class definition
Junior Class. With respect to a particular Class of Notes, each Class of Notes that is subordinated to such Class, as indicated in Section 2.3.
Junior Class. With respect to a particular Class of Debt, each Class of Debt that is subordinated to such Class, as indicated in Section 2.3.
Junior Class. With respect to a particular Class of Secured Notes, (a) each Class of Secured Notes that is subordinated to such Class and (b) the Preferred Shares, as indicated in Section 2.3.
Examples of Junior Class in a sentence
Anything in this Indenture or the Debt to the contrary notwithstanding, the Holders of each Class of Debt that constitutes a Junior Class agree for the benefit of the Holders of the Debt of each Priority Class with respect to such Junior Class that such Junior Class shall be subordinate and junior to the Debt of each such Priority Class to the extent and in the manner expressly set forth in the Priority of Payments.
More Definitions of Junior Class
Junior Class. With respect to a particular Class of Secured Debt, (a) each Class of Secured Debt that is subordinated to such Class and (b) the Preferred Shares, as indicated in Section 2.3.
Junior Class means, with respect to any specified Class of Notes, each Class of Notes that is subordinated to such Class, as indicated in Section 2.3 hereof.
Junior Class. With respect to a particular Class of Obligations, each Class of Obligations that is subordinated to such Class, as indicated in Section 2.3.
Junior Class. With respect to a particular Class of Debt, each Class of Debt that is subordinated to such Class, as indicated in Section 2.3. “Junior Mezzanine Notes”: The meaning specified in Section 2.13(a). “Knowledgeable Employee”: Any “knowledgeable employee” as defined in Rule 3c-5 under the Investment Company Act. “Lien”: Any grant of a security interest in, mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever, including, without limitation, any conditional sale or other title retention agreement, and any financing lease having substantially the same economic effect as any of the foregoing (including any UCC financing statement or any similar instrument filed against a Person’s assets or properties). “Limited Liability Company Agreement”: The Issuer’s limited liability company agreement, as may be amended from time to time. “Listed Debt”: Each Class of Debt specified as such in Section 2.3. “Loan”: Any obligation for the payment or repayment of borrowed money that is documented by a term loan agreement, revolving loan agreement or other similar credit agreement. “Loan Agent”: U.S. Bank Trust Company, National Association, as loan agent under the Class A-L Loan Agreement, and any successor thereto. “Loan Register”: The register of Holders of the Class A-L Loans maintained by the Loan Agent pursuant to the Class A-L Loan Agreement and provided to the Trustee. “Loan Registrar”: U.S. Bank Trust Company, National Association, as loan registrar under the Class A-L Loan Agreement, and any successor thereto. “Long Dated Obligation”: A Collateral Obligation, the stated maturity date of which is extended to occur after the Stated Maturity pursuant to an amendment or modification of its terms following its acquisition by the Issuer; provided that in determining the scheduled distributions on any Collateral Obligation occurring after the Stated Maturity of the Secured Debt, such Collateral Obligation will be deemed to have a maturity and amortization schedule based on zero unscheduled prepayments. “LSTA”: The Loan Syndications and Trading Association®. “Maintenance Covenant”: A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period,...
Junior Class. With respect to a particular Class of Securities, each Class of Securities that is subordinated to such Class, as indicated in Section 2.3.
Junior Class means, with respect to any Class of Loans, each Class of Loans that is subordinated to such Class (if any).
Junior Class. With respect to a particular Class of Debt, each Class of Debt that is subordinated to such Class, as indicated in Section 2.3(b) (Authorized Amount; Stated Maturity; Denominations). "Junior Mezzanine Notes": Any Notes of any one or more new classes that are fully subordinated to the existing Secured Debt (or to the most Junior Class of Debt of the Issuer (other than the Subordinated Notes)) issued or incurred pursuant to this Indenture and senior to the Subordinated Notes.