Senior Notes Escrow Account definition

Senior Notes Escrow Account means the escrow account to be established and maintained by the Borrower with the Administrative Agent for the purpose of receiving and holding funds in escrow solely for the repayment of amounts outstanding under the Senior Notes (including the payment of any related interest and premiums) to the extent (i) the escrow terms, (ii) documentation and (iii) the arrangements pursuant to which such Senior Notes will be repaid with the amounts held in the Senior Notes Escrow Account, in each case, are reasonably satisfactory to the Administrative Agent.
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Senior Notes Escrow Account means the escrow account into which the gross proceeds of the offering of the Senior Notes were deposited on the Issue Date;
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Senior Notes Escrow Account means the escrow account with a bank or trust company with not less than $100,000,000 in assets, as escrow agent, set up by the Company in accordance with the Senior Notes Indenture, which escrow account shall be pledged to the Senior Notes Trustee for the benefit of the holders of the Senior Notes and, subject to the terms of the Senior Notes Intercreditor Agreement, the Holders.
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Examples of Senior Notes Escrow Account in a sentence

  • To the extent of a deficiency between the Secured Senior Notes Escrow Account and the Secured Senior Notes Claims, holders of General Unsecured Claims will share pro rata with the holders of the Secured Senior Notes Claims to the extent of such deficiency.

  • The Secured Senior Notes Escrow Account is an account established to secure the payment of Claims with respect to the 13 1/2% Senior Discount Notes due 2008 and the 12 3/4% Senior Notes due 2009 (but only to the extent that funds are held in such escrow account for the purpose of securing such payments pursuant to the express terms of that certain Pledge and Escrow Agreement, dated as of April 23, 1999, subject to all rights and defenses of the holders of the Secured Senior Notes).

  • Accordingly, each holder of an Allowed Secured Senior Notes Claim will receive its proportion of the funds in the Secured Senior Notes Escrow Account determined with respect to the Class of Secured Senior Notes Claims.

  • In addition, each such holder will receive a proportion of Available Cash determined with respect to the Secured Senior Notes Claims in excess of the funds received from the Secured Senior Notes Escrow Account and all General Unsecured Claims.

  • As such, upon receipt by the Borrower of the net proceeds from the issuance of the 2024 Senior Notes from the 2024 Senior Notes Escrow Account, the Borrowing Base and, per Section 2.06(c)(iii) of the Credit Agreement, the Aggregate Elected Commitments, in each case, shall be automatically reduced by an amount equal to 25% of the aggregate stated principal amount of the 2024 Senior Notes.

  • Thus, to the extent of a deficiency between the Secured Senior Notes Escrow Account and the Secured Senior Notes Claims, the deficiency claims of the holders of Secured Senior Notes Claims will share pro rata with the holders of General Unsecured Claims.


More Definitions of Senior Notes Escrow Account

Senior Notes Escrow Account means the account with the Escrow Agent into which the net proceeds of the issuance of the Notes issued on the Issue Date will be deposited.
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Senior Notes Escrow Account means the account or accounts with the Escrow Agent into which the net proceeds of the issuance of the Notes (other than the Retained Fee) will be deposited.
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Senior Notes Escrow Account the escrow account into which the proceeds of the Senior Notes are to be deposited prior to the release of such funds to Quiksilver, which funds shall be released in accordance with escrow documentation in form and substance reasonably satisfactory to the Administrative Agents.
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Senior Notes Escrow Account means the escrow account to be established and maintained by the Borrower with
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Related to Senior Notes Escrow Account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Senior Notes Claim means a Claim arising under or as a result of the Senior Notes.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Seller Notes means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred or contingent obligation.

  • Senior Notes means $500,000,000 in aggregate principal amount of the Borrower’s 6.75% senior unsecured notes due 2025 issued pursuant to the Senior Notes Indenture on the Closing Date.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Interest Reserve Account As defined in Section 3.4(d).

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Senior Note Indentures means, collectively, the Senior Note (2020) Indenture, the Senior Note (2021) Indenture, the Senior Note (2022) Indenture and the Senior Note (2023) Indenture.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Junior Notes means Note B-1, Note B-2, Note B-3 and Note B-4.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Senior Notes Trustee means Xxxxx Fargo Bank, National Association, together with its permitted successors and assigns.