Junior Debt means any Indebtedness in respect of Subordinated Indebtedness.
Junior Debt means any Indebtedness of the types described in clauses (i) and (ii) of the definition of “Indebtedness” (other than Indebtedness among the Borrower and/or its Restricted Subsidiaries) of the Borrower or any of its Restricted Subsidiaries that is contractually subordinated in right of payment to the Obligations, in each case, with an individual outstanding principal amount in excess of the Threshold Amount. For the avoidance of doubt, each Asset Financing Facility and CRE Financing shall not constitute Junior Debt.
Junior Debt means any third party Indebtedness for borrowed money (excluding any intercompany Indebtedness) that is expressly subordinated in right of payment to the Obligations with an outstanding principal amount in excess of the Threshold Amount.
Examples of Junior Debt in a sentence
The Hybrid Notes will be offered to the holders of the Tier 3 Junior Debt in exchange for their debt of £1.78 billion.
More Definitions of Junior Debt
Junior Debt has the meaning assigned to such term in Section 6.06(b).
Junior Debt means any outstanding Indebtedness of the Parent or any of its Subsidiaries that is (i) secured by a lien that is junior to the lien securing the Obligations, (ii) unsecured or (iii) subordinated in right of payment to the Obligations.
Junior Debt means, collectively, all present and future indebtedness, liabilities and obligations of any and every kind, nature and description (whether direct or indirect, absolute or contingent, matured or unmatured) of the Debtors to the Junior Creditor, and any unpaid balance thereof.
Junior Debt shall have the meaning provided in Section 10.7(a).
Junior Debt any Subordinated Obligations and Guarantor Subordinated Obligations.
Junior Debt means indebtedness issued by Project Co to any of its Partners or Affiliates of Partners which ranks subordinate in all respects to the Senior Debt, excluding:
Junior Debt means all Obligations of each Borrower to, or acquired by, the Junior Creditor. Without limiting the generality of the foregoing, Junior Debt includes the Junior Note and all other Obligations of each Borrower of any nature whatsoever to the Junior Creditor, irrespective of whether such Obligations are evidenced by any written instrument or agreement, whether now existing or hereafter arising or acquired, or however arising.