Unsecured Financing definition
Examples of Unsecured Financing in a sentence
Designate any Indebtedness (other than under this Agreement and the other Loan Documents) of Holdings or its Restricted Subsidiaries as “Designated Senior Indebtedness” or “Senior Secured Financing” (or any comparable term) under, and as defined in, any Unsecured Financing Documentation.
Amend or otherwise modify (a) any of its Organization Documents in a manner materially adverse to the Administrative Agent or the Lenders, or (b) any term or condition of any Unsecured Financing Documentation in any manner materially adverse to the interests of the Administrative Agent or the Lenders.
Unsecured Financing Patriot, through the Patriot Partnership and other subsidiaries, is obligated under notes with various banks and financial institutions that as of December 31, 1998, had an outstanding balance of $66,753.
Upon completion of the Acquisition, Products Corporation will acquire ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ for an estimated cash purchase price of $923.0 million, which Products Corporation will finance from the proceeds of the New Senior Facilities, the New Unsecured Financing and cash on hand.
At the effective date of the Acquisition, these amounts will be accounted for as a reduction from the proceeds received as a component of the premium or discount at issuance and will be amortized over the terms of the New Term Loan Facility and the New Unsecured Financing, respectively.
The Company and the Subsidiaries have unsecured financing in the total principal amount of Nine Hundred Sixty Thousand Dollars ($960,000.00), in the form of promissory notes, bearing interest at the rate of fifteen percent (15%) per annum, issued by the Company to each of the individuals and in each of the amounts set forth on Schedule 4.16 (the "Unsecured Financing").