Senior Obligations is defined in Section 5.1 of this Agreement.
Senior Obligations has the meaning set forth in Section 5.1 of this Agreement.
Senior Obligations means the Credit Agreement Obligations and any Additional Senior Debt Obligations.
Examples of Senior Obligations in a sentence
To the extent that any payment under this Agreement is not permitted to be made at the time payment is due as a result of this Section 5.1 and the terms of the agreements governing Senior Obligations, such payment obligation nevertheless shall accrue for the benefit of the Members and U.S. Corporation shall make such payments at the first opportunity that such payments are permitted to be made in accordance with the terms of the Senior Obligations.
The amount of all or any portion of any Tax Benefit Payment or Early Termination Payment not made to the Members when due under the terms of this Agreement, whether as a result of Section 5.1 and the terms of the Senior Obligations or otherwise, shall be payable together with Default Rate Interest, which shall accrue beginning on the Final Payment Date and be computed as provided in Section 3.1(b)(ix).
More Definitions of Senior Obligations
Senior Obligations is defined in Section 5.01 of this Agreement.
Senior Obligations is defined in Section 5.1.
Senior Obligations has the meaning set forth in Section 5.1.
Senior Obligations means all obligations of the Issuer that are unsubordinated or that are subordinated and do not constitute either Junior Obligations or Parity Obligations.
Senior Obligations the collective reference to the unpaid principal of and interest on the Senior Notes including, without limitation, interest accruing at the then applicable rate provided in the Senior Credit Agreement after the maturity of the Senior Loans and interest accruing at the then applicable rate provided in the Senior Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to a Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceedings, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Senior Credit Agreement, the Senior Notes, this Agreement, the other Senior Loan Documents or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Agent and any Senior Lender that are required to be paid by the Borrowers pursuant to the terms of the Senior Credit Agreement or this Agreement or any other Senior Loan Document) and any renewals or replacements of part or all of the foregoing obligations in a transaction with an institutional lender on terms customary for a transaction of the type the Senior Loans comprise.
Senior Obligations means any existing or future obligations of the Company and its Subsidiaries, including the principal of, premium (if any), interest (including any interest accruing subsequent to the filing of a petition of bankruptcy at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable Law) on, and all other amounts owing thereon, with respect to or as evidenced by (i) borrowed money, (ii) notes, debentures, bonds or other similar debt instruments, (iii) the net obligations owed under interest rate swaps or similar agreements or currency exchange transactions, (iv) reimbursement obligations in respect of letters of credit and similar obligations, (v) the deferred purchase price of property or services and conditional sale agreements, (vi) capital leases or (vii) guarantees in respect of obligations referred to in clauses (i) through (vi) above; unless, in any case, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such obligations are pari passu to or subordinate in right of payment to the Securities. Notwithstanding the foregoing, “Senior Obligations” shall not include:
Senior Obligations means, to the extent that HoldCo guarantees the obligations of the Borrower incurred pursuant to the Senior Credit Agreement, (a) the principal amount of, and accrued interest on (including, without limitation, any interest which accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of HoldCo, Citadel Communications or the Borrower, whether or not allowed), the Senior Extensions of Credit, the Senior Notes, all other indebtedness, liabilities and obligations of the Borrower under the Senior Credit Agreement and any refinancing thereof, and all indebtedness, liabilities and obligations of HoldCo under guarantees made by HoldCo in respect thereof, and (b) all other indebtedness, obligations and liabilities of the Borrower to the Lenders now existing or hereafter incurred or created under or with respect to the Senior Extensions of Credit, the Senior Notes and the Senior Credit Agreement and with respect to the Letters of Credit and the L/C Applications, and with respect to any refinancing thereof, and all indebtedness, liabilities and obligations of HoldCo under guarantees made by HoldCo in respect of the foregoing (including, without limitation, any interest which accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of HoldCo or the Borrower, whether or not allowed), and (c) the principal amount of, and accrued interest (including without limitation, any interest which accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of HoldCo or the Borrower, whether or not allowed) and commissions on, additional indebtedness, obligations and/or liabilities of the Borrower under the Senior Credit Agreement (including, without limitation, amounts outstanding under the Incremental Facilities) and all refinancings thereof and all indebtedness, liabilities and obligations of HoldCo under guarantees made by HoldCo in respect thereof, not otherwise specified in clause (a) or (b) above in principal amounts in the aggregate, at any one time outstanding, not to exceed $200,000,000 which indebtedness, obligations and/or liabilities are designated as Senior Obligations in a Notice of Designation from HoldCo to each of the Holders which has become effective in accordance with the provisions of SECTION 16, and (d) all indebtedness, obligations and liabilities of...