Majority Senior Secured Creditors definition

Majority Senior Secured Creditors means, at any time, those Senior Secured Creditors whose Senior Secured Credit Participations at that time aggregate more than 50% of the total Senior Secured Credit Participations at that time.
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Majority Senior Secured Creditors means those Senior Secured Creditors whose Senior Secured Credit Participations at that time aggregate more than 66⅔ per cent. of the total Senior Secured Credit Participations at that time.
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Majority Senior Secured Creditors means Senior Secured Noteholders and Pari Passu Creditors whose outstandings under the Senior Secured Notes or Pari Passu Debt Documents, and the Hedging Liabilities of any Senior Secured Creditor, together exceed 50% of the aggregate of all such amounts.
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Examples of Majority Senior Secured Creditors in a sentence

  • The TO Contractor shall maintain the application in a stable and usable state.

  • IncludeDFARS Case 2010–D018 in the subject line of the message.Æ FAX: 703–602–0350.Æ Mail: Defense Acquisition Regulations System, Attn: Mrs.

  • The Majority Senior Secured Creditors give consent to each Super Senior Creditor taking Enforcement Action and to the Majority Super Senior Creditors constituting the Instructing Group.

  • Majority Senior Secured Creditors and the Majority Second Lien Creditors havegiven their free consent.


More Definitions of Majority Senior Secured Creditors

Majority Senior Secured Creditors means, at any time, one or more of the Senior Creditors whose aggregate Senior Secured Credit Participations at that time is more than 662/3 per cent. of the aggregate Senior Secured Credit Participations (of all of the Senior Creditors) at that time.
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Related to Majority Senior Secured Creditors

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Senior Secured Loan Any assignment of or Participation Interest in a Loan that: (a) is not (and cannot by its terms become) subordinate in right of payment to any other obligation of the obligor of the Loan (other than with respect to trade claims, capitalized leases or similar obligations); (b) is secured by a valid first-priority perfected security interest or lien in, to or on specified collateral securing the obligor’s obligations under the Loan (subject to customary exceptions for permitted liens, including, without limitation, tax liens); (c) the value of the collateral securing the Loan at the time of purchase together with other attributes of the obligor (including, without limitation, its general financial condition, ability to generate cash flow available for debt service and other demands for that cash flow) is adequate (in the commercially reasonable judgment of the Collateral Manager) to repay the Loan in accordance with its terms and to repay all other Loans of equal seniority secured by a first lien or security interest in the same collateral; and (d) is not secured solely or primarily by common stock or other equity interests; provided that if such Loan is made to a parent entity that is secured solely or primarily by the stock of one or more of the subsidiaries of such parent entity to the extent that the granting by any such subsidiary of a lien on its own property would violate law or regulations applicable to such subsidiary (whether the obligation secured is such Loan or any other similar type of indebtedness owing to third parties), then the limitation set forth in this clause (d) shall not apply with respect to such Loan.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.