Senior Bank Indebtedness definition

Senior Bank Indebtedness means Indebtedness of the Company or any Restricted Subsidiary under one or more term loans or revolving credit or similar facilities (which may include any guarantee, bonding or letter of credit facility) with a bank or other financial institution which is not subordinated to any other Indebtedness of the Company or any Restricted Subsidiary.

Senior Bank Indebtedness means Indebtedness of the Company or any Restricted Subsidiary under one or more other term loans or revolving credit or similar facilities (which may include any guarantee, bonding or letter of credit facility) with a bank or other financial institution which is not subordinated to any other Indebtedness of the Company or any Restricted Subsidiary.

Senior Bank Indebtedness means, collectively, Indebtedness described in clauses (i) and (ii) of the definition of Senior Indebtedness, and any renewals, refinancings or replacements of such Indebtedness, so long as the aggregate principal amount of such Indebtedness does not at any time exceed the amount permitted pursuant to the formula set forth in the definition of Senior Indebtedness.

Examples of Senior Bank Indebtedness in a sentence

• Sell, lease, assign, transfer or otherwise dispose of (i) Collateral, except for the disposition of Inventory and Equipment in the ordinary course of business or as otherwise specifically permitted by this Agreement or the terms of any Senior Bank Indebtedness, or (ii) all or any substantial part of its assets, if any, which do not constitute Collateral.

• Upon the request of Investment Manager, Borrowers will promptly deliver to Investment Manager any reports or other information delivered by Borrowers to any Senior Bank Lender under any of the Senior Bank Indebtedness.

• The Holder agrees not to initiate, prosecute or participate in any claim, action or other proceeding challenging the enforceability, validity, perfection or priority of the Senior Bank Indebtedness or any liens and security interests securing the Senior Bank Indebtedness.

• This Agreement, the Obligations and the Commitment are intended to constitute the "Bank Credit Facility" under the New Indenture and "Senior Bank Indebtedness" under the Original Indenture.

• The provisions of this Section 9 are and are intended solely for the purposes of defining the relative rights of the Investor and the holders of Senior Bank Indebtedness and nothing in this Section 9 shall impair, as between the Company and the Investor, the obligation of the Company, which is unconditional and absolute, to pay to the Investor the principal amount (and premium, if any) and interest, in accordance with the terms of this Note.

More Definitions of Senior Bank Indebtedness

Senior Bank Indebtedness means Indebtedness of the Company or any Restricted Subsidiary under one or more other term loans or revolving credit or similar facilities (which may include any

Senior Bank Indebtedness means the "Senior Indebtedness" as that term is defined in Schedule 2.04(a).

Senior Bank Indebtedness as those terms are defined in the Senior Subordinated Debt Documents, and this Agreement constitutes the "Senior Credit Agreement" as defined in the Senior Subordinated Debt Documents; The parties agree as follows:

Senior Bank Indebtedness any and all amounts, whether outstanding on the Closing Date or thereafter Incurred, payable under or in respect of the Senior Bank Agreement and any related notes, collateral documents, letters of credit and guarantees and any Interest Rate Agreement entered into in connection with the Senior Bank Agreement, including principal, premium, if any, interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company at the rate specified therein whether or not a claim for post filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.

Senior Bank Indebtedness means all obligations, liabilities and indebtedness of every nature of the Company from time to time owed to Silicon Valley Bank under the Senior Bank Indebtedness Documents, including, without limitation, the principal amount of all debts, claims and indebtedness, accrued and unpaid interest and all fees, costs and expenses, whether primary, secondary, direct, contingent, fixed or otherwise, heretofore, now and from time to time hereafter owing, due or payable, whether before or after the filing of a bankruptcy, reorganization, insolvency, receivership or similar proceeding under the Bankruptcy Code together with any interest accruing thereon after the commencement of such proceeding, without regard to whether or not such interest is an allowed claim.

Senior Bank Indebtedness means the Indebtedness outstanding under the New Revolving Credit Facility as such agreement may be restated, further amended, supplemented or otherwise modified or replaced from time to time hereafter, together with any refunding or replacement of any such Indebtedness.

Senior Bank Indebtedness means Indebtedness of the Company or any Subsidiary under any term loan or revolving credit facility (which may include any guarantee, bonding or letter of credit facility) with a bank or other financial institution which is not subordinated to any other Indebtedness of the Company or any Subsidiary.