Senior Lien Debt definition

Senior Lien Debt means, with respect to any Collateral whose Excess Proceeds are required to be applied pursuant to Section 4.12, any Indebtedness or other Obligations secured by Liens on such Collateral ranking higher in priority to the Note Liens.

Senior Lien Debt means all Senior Lien Bonds and Senior Lien Obligations.

Senior Lien Debt has the meaning set forth in the Indenture.

Examples of Senior Lien Debt in a sentence

• Proceeds of each Series of Senior Lien Bonds or any Senior Lien Obligations shall be applied as specified in the Supplemental Indenture pursuant to which such Senior Lien Debt is issued or incurred.

• The Indenture creates a pledge of and lien on the Revenues to pay Reimbursement Obligations subordinate only to Senior Lien Debt.

• The Indenture does not permit the issuance of any Debt secured by the Revenues to rank senior to lien on Revenues securing the Reimbursement Obligations, other than Senior Lien Debt issued under the Indenture.

• The payment of the Reimbursement Obligations ranks on a parity with the payment of principal of and interest on Parity Debt, is not subordinate to the payment of any Secured Debt secured by a Lien on the Sales Tax Revenues or the Pledged Funds or any other claim other than payments with respect to the principal of and interest on the Senior Lien Debt, and is prior as against all other Persons having claims of any kind in tort, contract or otherwise, whether or not such Persons have notice of the Lien.

• The investor can partly complete the application and save it for later so they do not lose the information entered.

More Definitions of Senior Lien Debt

Senior Lien Debt means all indebtedness or other obligations of the Authority having a lien upon the Revenues which is senior to that of the Notes and any Parity Debt, including, without limitation, the Senior Lien Bonds.

Senior Lien Debt means, collectively, the Bonds and any notes, bonds or other obligations which are issued following the Closing Date for the purpose of refunding any Bonds or other issue of Senior Lien Debt in whole or in part as permitted by the Dissolution Act.

Senior Lien Debt has the meaning specified in Section 7.01(ii).

Senior Lien Debt means Indebtedness that is secured by Liens on the Collateral that are senior in priority to the Liens on the Collateral securing the Obligations.

Senior Lien Debt has the meaning specified in clause (39) of the definition of “Permitted Liens”.

Senior Lien Debt has the meaning set forth in the I ndenture.

Senior Lien Debt means the Bonds and other debt payable on a parity with the Bonds issued in accordance with the requirements of the Bond Indenture and the provisions thereof. Senior Lien Revenues