Permitted Senior Debt definition

Permitted Senior Debt means Indebtedness of any Loan Party, in any aggregate principal amount of up to $500,000,000, all pursuant to an indenture, credit agreement, or other loan agreement and guaranty agreements, as applicable, provided, that:

Permitted Senior Debt means any Senior Notes or Permitted Refinancing Debt incurred under and in accordance with Section 9.1(d).

Permitted Senior Debt means the sum of all Debt of the Borrower and its Subsidiaries on a consolidated basis, excluding (i) Secured Debt, (ii) Performance Letters of Credit, (iii) performance bonds and (iv) Debt of any Joint Venture.

Examples of Permitted Senior Debt in a sentence

• The Borrower will provide notice to the Administrative Agent five (5) Business Days prior to the incurrence or issuance of Permitted Subordinate Debt or Permitted Senior Debt.

• Solely for purposes of clause (d) of this Section 9.1, any Permitted Senior Debt for the payment of which the proceeds of other Senior Notes or Permitted Refinancing Debt has been deposited in trust or otherwise set aside shall be deemed no longer “outstanding” so long as such Permitted Senior Debt is repaid within sixty (60) days after the Credit Parties’ receipt of proceeds of such other Senior Notes or Permitted Refinancing Debt.

• Notwithstanding anything herein to the contrary, unless otherwise agreed in writing by all of the FILO Lenders, if any of the Borrowers at any time after the First Amendment Effective Date incurs any Permitted Senior Debt, the proceeds of such Permitted Senior Debt shall be applied to prepay FILO Loans in an aggregate amount equal to the lesser of (i) the Net Proceeds of such Permitted Senior Debt and (ii) the Total Outstandings under the FILO Facility at such time.

• The Borrower will not permit the outstanding amount of the Permitted Senior Debt to exceed the Borrowing Base.

• Borrower will promptly upon the issuance or incurrence of any Permitted Subordinate Debt or Permitted Senior Debt provide to Administrative Agent a true, correct and complete copy of all material Permitted Subordinate Debt Documents or Permitted Senior Debt Documents, as applicable, executed and delivered in connection with, governing and/or evidencing such Permitted Subordinate Debt or Permitted Senior Debt, as applicable.

More Definitions of Permitted Senior Debt

Permitted Senior Debt means Indebtedness of any Loan Party, in any aggregate principal amount of up to $350,000,000, all pursuant to an indenture, credit agreement, or other loan agreement and guaranty agreements, as applicable; provided, that:

Permitted Senior Debt means unsecured Debt of the Parent MLP or the Borrower issued or incurred after the Closing Date so long as, in each case: (a) no Default or Event of Default has occurred and is continuing at the time of such issuance or incurrence or would immediately result from such issuance or incurrence; (b) such Debt does not mature or require any scheduled principal payments of the principal amount thereof (other than customary mandatory offers to purchase upon a change of control, and customary acceleration rights after an event of default) prior to the date that is not less than 91 days after the Termination Date as of such issuance or incurrence; (c) no Permitted Senior Debt Document governing such Debt contains (i) maintenance financial covenants or (ii) covenants or events of default, that, taken as a whole, are materially more restrictive on the Parent MLP or any of the Restricted Subsidiaries than those contained in this Agreement; (d) after giving effect to the issuance or incurrence of such Debt on a pro forma basis, the Parent MLP shall be in compliance with all covenants set forth in Section 9.01 as of the last day of the applicable period covered by the certificate most recently delivered pursuant to Section 8.01(f) (for purposes of Section 9.01, as if such Debt, and all Permitted Subordinate Debt and other Permitted Senior Debt issued or incurred since the first day of such applicable period, had been issued or incurred on the first day of such applicable period).

Permitted Senior Debt means Debt consisting of notes or bonds from time to time issued pursuant to one or more public or private capital markets financings; provided that:

Permitted Senior Debt means Indebtedness of the Borrowers in the aggregate principal amount of up to the greater of (i) $500,000,000 and (ii) an amount that would not cause the Total Leverage Ratio to exceed 5.00:1.00 after incurrence thereof, provided that:

Permitted Senior Debt means an amount of Indebtedness which ranks senior to the Obligations in right of payment and/or lien priority, not to exceed $70,000,000 in the aggregate at any time outstanding (excluding the amount of any capitalized interest thereon).

Permitted Senior Debt means generally, the liens of the debt on the Site to which the Purchase Price Loan Deed of Trust may be made subordinate, and means specifically:

Permitted Senior Debt means Indebtedness of the Loan Parties in the form of loans under credit agreements, notes issued under an indenture or Indebtedness under other similar agreements or instruments, as the same may be amended, restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced from time to time in one or more agreements (in each case with the same or new lenders, holders, institutional investors or agents) including any agreements extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof; provided that: