Senior Liabilities definition
Senior Liabilities means all present and future moneys, debts and liabilities due, owing or incurred by the Obligors to any Finance Party under or in connection with any Finance Document (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise).
Senior Liabilities means all Liabilities except the Subordinated Liabilities and Excluded Liabilities;
Senior Liabilities means all obligations of the Purchaser to the Trust and any other obligations of the Purchaser arising under or in connection with the Sale and Servicing Agreement, howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or thereafter existing, or due or to become due on or before the Final Maturity Date.
Examples of Senior Liabilities in a sentence
In the event of the Borrower's insolvency or the Borrower becoming unable at any time to comply with any applicable provisions of the Financial Resources Rules , the rights of the Lender in respect of the Subordinated Liabilities will be subordinated in all respects to the rights of Senior Creditors in respect of the Senior Liabilities.
More Definitions of Senior Liabilities
Senior Liabilities means the Senior Facility Liabilities and the Hedging Liabilities.
Senior Liabilities. ’ means all liabilities of the Issuer except subordinated liabilities; and
Senior Liabilities means the Liabilities owed to the Senior Creditors under or in connection with the Senior Financing Documents.
Senior Liabilities means all amounts that are “Senior Secured Liabilities” under and as defined in the Intercreditor Agreement or which do not constitute such liabilities solely because they are unsecured and the holders thereof have accordingly not become parties to the Intercreditor Agreement.
Senior Liabilities means the Senior Lender Liabilities and the Hedging Liabilities.
Senior Liabilities as used herein, shall include, without limitation, any and all interest accruing on any of the Senior Liabilities after the commencement of any proceedings referred to in paragraph 4 hereof, notwithstanding any provision or rule of law which might restrict the rights of the Bank, as against the Borrowers or anyone else, to collect such interest.
Senior Liabilities means for any Person at any time, all Debt, other than contingent liabilities and Subordinated Debt.