Senior Facility Liabilities definition

Senior Facility Liabilities means the Liabilities owed by the Debtors to the Senior Facility Creditors under the Senior Finance Documents.
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Senior Facility Liabilities means the Liabilities owed by any or all of the Debtors to any or all of the Senior Facility Creditors under the Senior Facility Finance Documents.
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Examples of Senior Facility Liabilities in a sentence

  • The Debtors may make Payments of the Senior Facility Liabilities at any time in accordance with the Finance Documents.

  • If any Proceeds are required to be applied in mandatory prepayment of the Senior Facility Liabilities then, subject to Clause 14.4 (Adjustment of Mandatory Prepayments), those Proceeds shall be applied in or towards Payment of the Senior Facility Liabilities in accordance with the terms of the Facilities Agreement and the consent of any other Party shall not be required for that application.

  • The Borrower may make Payments of the Senior Facility Liabilities at any time in accordance with the Senior Finance Documents.

  • Each of the Parties agrees that the Transaction Security shall rank and secure the Senior Facility Liabilities, the Bond Liabilities, the Cash Management Liabilities and the Hedging Liabilities pari passu and without any preference between them, but only to the extent that such Transaction Security is expressed to secure those Liabilities.

  • If any Disposal Proceeds are required to be applied in mandatory prepayment of the Senior Facility Liabilities in accordance with the terms of the Facilities Agreement then, subject to Clause 14.4 (Adjustment of Mandatory Prepayments), those Disposal Proceeds shall be applied in or towards Payment of the Senior Facility Liabilities in accordance with the terms of the Facilities Agreement and the consent of any other Party shall not be required for that application.

  • Each of the Parties agrees that the Senior Facility Liabilities, the Super Senior Hedging Liabilities and the Excess Hedging Liabilities shall rank first before any other Liabilities, pari passu and without any preference between them.

  • If any Proceeds are required to be applied in mandatory prepayment of the Senior Facility Liabilities then, subject to Clause 13.3 (Adjustment of Mandatory Prepayments), those Proceeds shall be applied in or towards Payment of the Senior Facility Liabilities in accordance with the terms of the Senior Term Facilities Agreement and the consent of any other Party shall not be required for that application.

  • Each of the Parties agrees that the Senior Facility Liabilities, the Bond Liabilities, the Cash Management Liabilities and the Hedging Liabilities shall rank in right and priority of payment pari passu and without any preference between the Senior Facility Liabilities, the Bond Liabilities, the Cash Management Liabilities and the Hedging Liabilities.

  • Each of the Parties agrees that the Transaction Security shall subject only to Clause 16 (Application of Proceeds) rank and secure the Senior Facility Liabilities and the Hedging Liabilities pari passu and without any preference between them.

  • The Senior Facility Creditors may from time to time (subject to and in accordance with the terms of the relevant “Finance Document” (as defined in the Senior Facilities Agreement)) effect a Senior Principal Increase without the prior consent of any Party (except the relevant Debtor), and the amount of that Senior Principal Increase (together with interest, fees and commission on that amount) shall be treated as being part of the Senior Liabilities and the Senior Facility Liabilities.