Refinancing Obligations definition
Examples of Refinancing Obligations in a sentence
Any Covered Policy issued by the Company or a Ceding Insurer in respect of the Refinancing Obligations shall be deemed to be a Covered Policy hereunder to the same extent as that of the original Covered Policy.
Any Policy issue by the Company in respect of the Refinancing Obligations shall be deemed to be a Policy hereunder to the same extent as that of the original Policy.
Aggregate amount, if any, of New Subordinated Obligations and/or Permitted Refinancing Obligations under Section 7.2(h) was $ .
The proceeds of the Tranche B Term Loan shall be used to fund the Refinancing Obligations and the transaction costs incurred in connection therewith.
The second Lien securing the Refinancing Obligations shall be subject to and subordinate in all respects to the Lien securing the Senior Priority Obligations and in connection therewith, the Refinancing Lenders may not cause the Collateral Agent to exercise any right or remedy under this Security Agreement or the other Fundamental Documents without the affirmative vote of the Required Senior Priority Lenders.
In the event of a refinancing (whether by refunding or otherwise) of the obligations insured under a Covered Policy (the “Refinanced Obligations”) by the issuance of new obligations that are insured by the Company or by a Ceding Insurer pursuant to the terms and conditions of an Assumed Reinsurance Agreement (the “Refinancing Obligations), the Reinsurer shall automatically assume under this Agreement the same Quota Share of the Refinancing Obligations as the Reinsurer assumed of the Refinanced Obligations.
The Obligations constitute “Senior Debt” of the Borrower under and as defined in the Indentures governing Subordinated Obligations or Permitted Refinancing Obligations (to the extent subordinated in right of payment to the Obligations).
Such issuance of Refinancing Equipment Notes and Refinancing Obligations and the amendment of this Agreement as provided below shall not materially adversely affect any of the Trustees.
The Company hereby acknowledges that in order to obtain the Company Loan, the Executive was required to agree to provide the Guaranty and the Partial Cash Collateral and to agree to the Refinancing Obligations.