Senior Secured Financing definition

Senior Secured Financing or “Designated Senior Indebtedness” (or any comparable term) under and as defined in the Indentures and any documentation with respect to any other Material Indebtedness that is subordinated Indebtedness incurred pursuant to Section 6.01(a)(xviii); then, and in every such event (other than an event with respect to any Borrower described in paragraph (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrowers, take either or both of the following actions, at the same or different times:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Senior Secured Financing. (or any comparable term) under, and as defined in, any documentation governing or relating to Subordinated Indebtedness.

Senior Secured Financing or “Designated Senior Indebtedness” (or any comparable term) under and as defined in the 2022 Subordinated Note Indenture, the 2025 Subordinated Note Indenture, the 2024/2026 Subordinated Note Indenture and any documentation with respect to any other Material Indebtedness that is subordinated Indebtedness incurred pursuant to Section 6.01(a)(xviii); then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders (or, if an Event of Default resulting from a breach of the Financial Performance Covenant occurs and is continuing and prior to the expiration of the Standstill Period, (x) at the request of the Required Revolving Lenders (in such case only with respect to the Revolving Commitments, Revolving Loans and any Letters of Credit) only (a “Revolving Acceleration”) and (y) after a Revolving Acceleration, at the request of the Required Term Loan Lenders), shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:

Examples of Senior Secured Financing in a sentence

You agree to supplement the Information and the Projections from time to time until the date of the initial borrowing under the Senior Secured Financing, as appropriate, so that the representations and warranties in the preceding sentence remain correct.
The final maturity date for the Term Loan Facility shall be five years from the date of initial borrowing under the Senior Secured Financing (the "Closing Date").
All amounts and obligations under the Senior Secured Financing shall be unconditionally guaranteed (the "Guaranty") by each of the direct and indirect subsidiaries of the Borrower (the "Guarantors"), subject to customary exceptions for transactions of this type.
Designate any other Indebtedness (other than under this Agreement and the other Loan Documents) of the Borrower or its Restricted Subsidiaries as "Senior Indebtedness" or "Senior Secured Financing" (or any comparable term) under, and as defined in, any Junior Financing Documentation.
You agree that, except as contemplated by the immediately preceding sentence, no other agents, co-agents or arrangers will be appointed, no other titles will be awarded and no compensation (other than that expressly contemplated by the Term Sheet and the Fee Letter referred to below) will be paid in connection with the Senior Secured Financing unless you and we shall so agree.

More Definitions of Senior Secured Financing

Senior Secured Financing. (or any comparable term) under, and as defined in, any Unsecured Financing Documentation.

Senior Secured Financing has the meaning set forth in Section 3.5.

Senior Secured Financing has the meaning set forth in Section 5.17.

Senior Secured Financing means each of the Initial Senior Facilities and any Additional Senior Secured Financing.

Senior Secured Financing. (or any similar concept) exists therein), or any subordinated Permitted Refinancing thereof (to the extent the concept of “Designated Senior Debt” or “Senior Secured Financing” (or any similar concept) exists therein).

Senior Secured Financing. (or any comparable term) under, and as defined in any Permitted Subordinated Indebtedness Documentation or (ii) the subordination provisions set forth in any Permitted Subordinated Indebtedness Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Permitted Subordinated Indebtedness, if applicable; or (m)

Senior Secured Financing. This template assumes that the finance parties do not rank below any other debt creditors in respect of their claims against the Obligors, and that those claims benefit from all-asset security provided by the Borrower, together with third-party security provided by the Sponsor/Shareholders (in respect of their equity in the Borrower) and certain other parties, such as the primary insurers of the Project (who grant security over their claims under any reinsurance policies in connection with the Project). Any changes to this assumption may require significant changes to this template as well as the other documents in the Finance Documents suite.