Examples of Junior Secured Debt in a sentence
The Pledgor hereby transfers, pledges and assigns to the Collateral Agent, and grants to the Collateral Agent for the ratable benefit of the New Junior Secured Debt Holders, if any, a second priority security interest in the Collateral.
The undersigned further agrees that the obligations owing to it under the [INSERT NAMES OF RELEVANT DEBT DOCUMENT(S)] shall be treated as [New Senior Secured Debt][New Junior Secured Debt] under such Pledge Agreements.
The Senior Facility, in connection with the Junior Secured Debt Facility discussed below, will provide for LHFI's operating and working capital financing needs.
Workplace checks should be done annually or when there have been significant changes in or to the workplace.
It is anticipated that an inter-creditor agreement would provide, among other things, for the Junior Secured Debt Facility to have liens and security interests in all assets of LHFI and its subsidiaries, junior to the liens and security interest in favor of the Senior Facility.