Senior Collateral definition

Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

Senior Collateral means with respect to any Senior Secured Party, any Collateral on which it has a Senior Lien.

Senior Collateral means all the “Senior Collateral” or “Collateral” as defined in any Senior Collateral Document.

Examples of Senior Collateral in a sentence

• Imposition of unanticipated Taxes on Issuer / Irish Value Added Tax Treatment of the Senior Collateral Management FeesThe Issuer has been advised that under current Irish domestic law, the Senior Collateral Management Fees should be exempt from VAT.

• Class Z NotesAs further described in the section of this Offering Circular titled “ Description of the Collateral Management Agreement—Compensation”, the Senior Collateral Management Fees do not include a subordinated fee payable to the Collateral Manager that is senior to the payments on the Subordinated Notes but subordinated to the Rated Notes in accordance with the Priorities of Payment.

• The Collateral Manager may, pursuant to the Priorities of Payment, redirect funds (including by deferring or waiving payment of some or all of its Senior Collateral Management Fees) to be applied toward the acquisition of additional Collateral Debt Obligations, Loss Mitigation Loans or other permitted uses.

• The imposition of VAT in Ireland on the Senior Collateral Management Fees will not constitute a Note Tax Event.

• If so, the Issuer could from then be required to account for VAT in Ireland in respect of the Senior Collateral Management Fees.

More Definitions of Senior Collateral

Senior Collateral means, at any time, all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted (or purported to be granted) as security for any Senior Obligations pursuant to any Senior Debt Document.

Senior Collateral means (a) with respect to any Junior Secured Party, any Collateral on which it has a Junior Lien and (b) with respect to any Senior Secured Party, any Collateral on which it has a Senior Lien.

Senior Collateral means, (i) in the case of [A/R Lender], all A/R Facility Senior Collateral and (ii) in the case of CRG, all CRG Senior Collateral.

Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of Holdings or any Borrower or other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Debt Obligation.

Senior Collateral means, (i) in the case of [A/R Lender], all A/R Facility Senior Collateral and (ii) in the case of CRG Creditors, all CRG Senior Collateral.

Senior Collateral as defined in any Senior Collateral Document and shall also include the Mortgaged Properties and the proceeds thereof, but shall not in any event include the PCS/Drugstore Pledged Collateral and the Exchange Debt First Priority Collateral.

Senior Collateral means the “Collateral”, as defined in the Loan Agreement.