Senior Secured Notes definition
Examples of Senior Secured Notes in a sentence
The Issuer will not Incur any additional Senior Secured Notes, unless, immediately after giving effect (on a pro forma basis, as if the transaction had occurred on the last day of the most recent fiscal quarter for which financial information in respect thereof is available) to the incurrence of such Debt and the receipt and application of the proceeds therefrom, the Collateral Coverage Ratio is not less than 1.35 to 1.00.
For the avoidance of doubt, if an Advance Rate Reduction Trigger Date has occurred with respect to more than one of the Senior Notes or Senior Secured Notes that constitute the Reference Debt that remains outstanding at the same time, the implementation of the Incremental Maturity Date Fixed Holdback shall not be additive (but shall continue to apply until it ceases to apply pursuant to the terms of Section 8.10(b).
KE 135394706 In addition to and without limiting the generality of the foregoing, each Company Entity represents and warrants to ▇▇▇▇ that, in connection with each request for an Advance, such Advance is permitted as an incurrence of additional Indebtedness under each Senior Notes Agreement, each Senior Secured Notes Agreement and each ABL Credit Document.