Junior Lien Cap means, as of any date of determination, the aggregate amount of Junior Secured Debt that may be incurred by the Borrower and any Guarantor such that, after giving pro forma effect to such incurrence and the application of the net proceeds therefrom the Total Collateral Coverage Ratio shall be no less than 1.0 to 1.0.
Junior Lien Cap means the amount of “Priority Lien Debt” that may be Incurred by Peabody under the “Priority Lien Cap” in the Peabody 2024 Notes Indenture (each as defined in the Peabody 2024 Notes Indenture).
Junior Lien Cap means $120 million.
More Definitions of Junior Lien Cap
Junior Lien Cap means, as of any date of determination, the sum of (i) $130.0 million, less any amount incurred pursuant to clause (i) of the definition of Priority Lien Cap, plus (ii) the amount of Junior Lien Debt that may be incurred by the Issuer such that, after giving pro forma effect to such Incurrence and the application of the net proceeds therefrom, the Secured Leverage Ratio would not exceed 4.00 to 1.00.
Junior Lien Cap means $275 million.
Junior Lien Cap. “Notes”, “Officers’ Certificate”, “Parity Lien Cap”, “Parity Lien Debt”, “Priority Lien Cap”, “Private Placement Legend” and “Unrestricted Subsidiary” set forth in Section 1.01 as follows:
Junior Lien Cap means $275.0 million.
Junior Lien Cap means, as of any date of determination, the result of 110% of (i) the principal amount of the Junior Lien Obligations on the Closing Date, which amount is $43,000,000 plus all accretions thereto due to the capitalization of accrued interest thereon, minus (ii) any and all repayments (whether amortization, voluntary, mandatory or otherwise) of principal of the Junior Lien Obligations made on and after the Closing Date; it being acknowledged and agreed that the amount of the Junior Lien Cap will fluctuate throughout the year as a result of repayments.
Junior Lien Cap means the amount of Indebtedness that may be incurred by Peabody under the Peabody L/C Agreement and each other Priority Lien Document that is pari passu with the Liens and Obligations and subject to the Collateral Trust Agreement (each as defined in the Peabody L/C Agreement) or such lesser amount of such Indebtedness that is permitted to be outstanding as of the date of any determination under any Priority Lien Document (as defined in the Peabody L/C Agreement).
Junior Lien Cap means as of any date of determination, the principal amount of Junior Lien Debt that may be incurred by the Company or any Guarantor such that, after giving pro forma effect to such incurrence and the application of the net proceeds therefrom, the Total Secured Leverage Ratio would not exceed 3.75 to 1.0.