Senior Subordinated Debt means the Indebtedness represented by the Senior Subordinated Notes (including the Note Guarantees, Exchange Notes (each as defined in the Senior Subordinated Debt Documents), guarantees of Exchange Notes and any replacement Exchange Notes).
Senior Subordinated Debt of the Company means the Securities and the Series A Convertible Subordinated Debt and any other subordinated Debt of the Company that specifically provides that such Debt is to rank pari passu with the Securities and is not subordinated by its terms to any other subordinated Debt or other obligation of the Company which is not Senior Debt.
Senior Subordinated Debt means any obligation of the Guarantor to its creditors, whether now outstanding or subsequently incurred, where the instrument creating or evidencing the obligation or pursuant to which the obligation is outstanding, provides that it is subordinate and junior in right of payment to Senior Debt. Senior Subordinated Debt includes the Guarantor's outstanding subordinated debt securities and any subordinated debt securities issued in the future with substantially similar subordination terms and does not include the Junior Subordinated Debentures or any subordinated debt securities issued in the future or the past with substantially similar subordination terms.
Examples of Senior Subordinated Debt in a sentence
Senior Subordinated Debt We may issue senior subordinated debt securities under the indenture.
No Company shall create, assume or suffer to exist any Lien upon any of its property or assets, whether now owned or hereafter acquired; provided that this Section shall not apply to Permitted Liens and Liens securing the Senior Subordinated Debt so long as such Liens are in compliance with the terms of the Senior Subordination Agreement.
In addition, Borrowers shall have delivered to Agent a copy of the Senior Subordinated Debt Documents, in form and substance satisfactory to Agent, in each case having been certified by an officer of Borrowers as being true and complete.
Each Company has good title to and ownership of all property it purports to own, which property is free and clear of all Liens, except Permitted Liens and Liens securing the Senior Subordinated Debt.
More Definitions of Senior Subordinated Debt
Senior Subordinated Debt means, with respect to a Person, the Securities and any other Indebtedness of such Person that specifically provides that such Indebtedness is to rank on an equal basis with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of such Person which is not Senior Debt of such Person.
Senior Subordinated Debt means with respect to a Person, the Notes (in the case of the Company), a Guarantee (in the case of a Guarantor) and any other Indebtedness of such Person that specifically provides that such Indebtedness is to rank pari passu with the Notes or such Guarantee, as the case may be, in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of such Person which is not Senior Debt of such Person.
Senior Subordinated Debt means the Securities and any other subordinated debt of the Company that specifically provides that such debt is to rank pari passu with the Securities and is not subordinated by its terms to any other subordinated debt or other obligation of the Company which is not Senior Debt.
Senior Subordinated Debt means the $1,070,000,000 in aggregate principal amount at maturity of 12 1/2% senior subordinated discount notes due 2016 issued by Nielsen and Xxxxxxx Finance Co. and Permitted Refinancings thereof (with the understanding that so long as all other requirements of the definition of Permitted Refinancing are met such refinancing debt may be incurred at VNU International or NHF).
Senior Subordinated Debt of any Subsidiary Guarantor has a correlative meaning.
Senior Subordinated Debt means subordinated Indebtedness of the Covenant Parties and their Restricted Subsidiaries outstanding on the Third A&R Effective Date and Permitted Refinancings thereof (with the understanding that so long as all other requirements of the definition of Permitted Refinancing are met such refinancing debt may be incurred at VNU International or NHF).
Senior Subordinated Debt means any Indebtedness that has been subordinated to the prior payment in full of the Obligations and any Liens securing such Indebtedness have been subordinated to the Liens of the Secured Parties pursuant to a written agreement or written terms acceptable to the Agent in its sole discretion. Notwithstanding the foregoing, (i) the holder of the Senior Subordinated Debt shall be acceptable to the Agent and shall not be the Sponsor, the Specified Closing Date Holders, Xxxxxxx Xxxxx or any Affiliate of any of the foregoing or an Obligor or any Affiliate of an Obligor, (ii) the Senior Subordinated Debt shall be incurred pursuant to documentation with terms and conditions acceptable to the Agent (it being agreed that market terms for institutional subordinated debt, as determined by the Agent shall be acceptable), provided that such terms, in any case, (1) shall not require any principal payments prior to the maturity date thereof and (2) shall not provide for cash interest payments in excess of 12% per annum, and shall not (A) mature prior to 180 days after the later of the Term Loan Maturity Date and the Revolving Loan Termination Date, (B) be secured by any Lien unless such Lien is fully subordinated to the Liens of the Agent and the Lenders on terms and conditions acceptable to the Agent and (C) be guaranteed by any Person unless such Person guarantees the Obligations, (iii) the subordination agreement governing the Senior Subordinated Debt shall provide a standstill of at least 180 days prior to the holders of such Senior Subordinated Debt having any right to exercise remedies and (iv) the Senior Subordinated Debt shall not be incurred in connection with any refinancing, replacement, renewal or similar transaction of any Subordinated Debt of PAMT occurred on or before the Consolidated Amendment Date.