Secured Debt definition

Secured Debt means Debt of the Company or its Subsidiaries secured by an Encumbrance on the property of the Company or its Subsidiaries.

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Secured Debt means Debt secured by any mortgage, lien, charge, pledge or security interest of any kind.

Secured Debt means any Indebtedness secured by a Lien.

Examples of Secured Debt in a sentence

• The Collateral Manager may direct the Collateral Trustee to sell any Collateral Obligation in order to repay the Secured Debt at the earliest Stated Maturity of any Secured Debt Outstanding.

• The Additional Secured Debt of an existing Class shall rank pari passu in all respects with the initial Secured Debt of that Class.

• If an Event of Default specified in Section 5.1(f) or (g) occurs, all unpaid principal, together with all accrued and unpaid interest thereon, of all the Secured Debt, and other amounts payable thereunder and hereunder, shall automatically become due and payable without any declaration or other act on the part of the Collateral Trustee or any Holder.

• Nothing contained in Section 5.5(a) shall be construed to require the Collateral Trustee to preserve the Assets securing the Secured Debt if prohibited by applicable law.

• The forms of the Secured Debt, including the forms of Certificated Notes, Temporary Global Notes, Regulation S Global Notes and Rule 144A Global Notes, shall be as set forth in Exhibit A hereto.

More Definitions of Secured Debt

Secured Debt means, for any Person, Indebtedness of such Person secured by any Liens (other than Permitted Liens) in any of such Person’s Properties or other material assets.

Secured Debt means Indebtedness secured by mortgages (or other real estate security instruments) or by mortgage-backed receivables or notes or other instruments supported by direct real estate security.

Secured Debt means, as of any date, that portion of Total Outstanding Debt as of that date that is secured by a mortgage, trust deed, deed of trust, deeds to secure Indebtedness, pledge, security interest, assignment for collateral purposes, deposit arrangement, or other security agreement, excluding any right of setoff but including, without limitation, any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and any other like agreement granting or conveying a security interest.

Secured Debt means Parity Lien Debt and Priority Lien Debt.

Secured Debt means Priority Lien Debt and Junior Lien Debt.

Secured Debt means Debt secured by any mortgage, lien, charge, encumbrance, trust deed, deed of trust, deed to secure debt, security agreement, pledge, conditional sale or other title retention agreement, finance lease, or other security interest or agreement granting or conveying security title to or a security interest in real property or other tangible assets.

Secured Debt means Debt secured by any mortgage, lien, pledge, encumbrance or security interest of any kind upon any of the property of the Operating Partnership or any Subsidiary.