Designated Guarantor Senior Indebtedness definition

Designated Guarantor Senior Indebtedness means, with respect to a Guarantor, amounts owing by such Guarantor under the Credit Facility and guarantees by such Guarantor of Designated Senior Indebtedness.

Designated Guarantor Senior Indebtedness means (i) all Guarantor Senior Indebtedness which guarantees Indebtedness under the Bank Credit Agreement and (ii) any other Guarantor Senior Indebtedness which is incurred pursuant to an agreement (or series of related agreements) simultaneously entered into providing for indebtedness, or commitments to lend, of at least $25,000,000 at the time of determination and is specifically designated in the instrument evidencing such Guarantor Senior Indebtedness or the agreement under which such Senior Indebtedness arises as “Designated Guarantor Senior Indebtedness” by the Guarantor which is the obligor under the Guarantor Senior Indebtedness.

Designated Guarantor Senior Indebtedness means, with respect to any ---------------------------------------- Guarantor, (a) any Indebtedness of such Guarantor outstanding under the Senior Credit Facility and (b) any other Guarantor Senior Indebtedness of such Guarantor which, at the time of determination, has an aggregate outstanding principal amount outstanding, together with any commitments to lend additional amounts, of at least $25.0 million if the instrument governing such Guarantor Senior Indebtedness expressly states that such Indebtedness is Guarantor Senior Indebtedness for purposes of this Indenture and a Board Resolution setting forth such designation by the Company has been filed with the Trustee.

Examples of Designated Guarantor Senior Indebtedness in a sentence

• For the purposes of this Section 13.9, Article XIV shall apply to the obligations of each Guarantor under its Guaranty, this Article XIII and the other provisions of this Indenture as if references therein to the Company, the Securities, Senior Indebtedness, Subordinated Indebtedness and Designated Senior Indebtedness were references to such Guarantor, such Guarantor's Guaranty, Guarantor Senior Indebtedness, Guarantor Subordinated Indebtedness and Designated Guarantor Senior Indebtedness, respectively.

• Neither Holding nor US Borrower will, and each of them will not permit any Subsidiary to, designate or permit the designation of any Indebtedness (other than the Obligations) as "Designated Senior Indebtedness" or "Designated Guarantor Senior Indebtedness" for purposes of, and as defined in, the Senior Subordinated Note Documents.

• Not more than one Blockage Notice may be given in any consecutive 360-day period, irrespective of the number of defaults with respect to Designated Senior Indebtedness or Designated Guarantor Senior Indebtedness of the applicable Subsidiary Guarantor during such period.

• If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Guarantor Senior Indebtedness or the Representative of such holders of the acceleration.

• If payment of the Securities is accelerated because of an Event of Default, the Company and the Trustee shall promptly notify the holders of the Designated Senior Indebtedness and Designated Guarantor Senior Indebtedness (or their Representatives) of the acceleration.

More Definitions of Designated Guarantor Senior Indebtedness

Designated Guarantor Senior Indebtedness means, with respect to a Subsidiary Guarantor, (1) the Guarantee by such Subsidiary Guarantor of the Bank Indebtedness (to the extent such Guarantee of the Bank Indebtedness constitutes Guarantor Senior Indebtedness) and (2) any other Guarantor Senior Indebtedness which, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend up to, at least $25.0 million and is specifically designated in the instrument evidencing or governing such Guarantor Senior Indebtedness as “Designated Guarantor Senior Indebtedness” for purposes of this Indenture.

Designated Guarantor Senior Indebtedness means any Guarantor Senior Indebtedness (a) under any of the Credit Facilities or (b) which, at the time of determination, has an aggregate commitment or principal amount outstanding of at least $25 million if the instrument governing such Guarantor Senior Indebtedness expressly states that such Indebtedness is “Designated Guarantor Senior Indebtedness” for purposes of this Indenture.

Designated Guarantor Senior Indebtedness means Guarantor Senior Indebtedness issued, pursuant to a facility with an aggregate principal amount, commitments and/or other financial accommodations then outstanding and/or available (disregarding for purposes of this definition whether any conditions for draws thereunder have been satisfied), as of the relevant date of determination, of at least $25,000,000.

Designated Guarantor Senior Indebtedness means (i) all Obligations guaranteed by a Guarantor under the Senior Credit Facility and (ii) any other Guarantor Senior Indebtedness of the Guarantor which, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend up to, at least $35.0 million and is specifically designated by the Company in the instrument evidencing or governing such Guarantor Senior Indebtedness as "Designated Guarantor Senior Indebtedness" for purposes of this Indenture.

Designated Guarantor Senior Indebtedness means (1) the Bank Indebtedness (to the extent such Bank Indebtedness constitutes Guarantor Senior Indebtedness) and the Synthetic Guarantees, as applicable, and (2) if approved by the Representative of the holders of the Bank Indebtedness, any other Guarantor Senior Indebtedness which, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend, at least $25.0 million and is specifically designated in the instrument evidencing or governing such Guarantor Senior Indebtedness as “Designated Guarantor Senior Indebtedness” for purposes of the Indenture.

Designated Guarantor Senior Indebtedness means (i) the guarantee by ---------------------------------------- any Guarantor of any Indebtedness outstanding under the New Credit Facility and (ii) any other Senior Indebtedness of such Guarantor permitted under this Indenture the principal amount of which is $10,000,000 or more and that has been designated by such Guarantor as "Designated Guarantor Senior Indebtedness."

Designated Guarantor Senior Indebtedness means (i) all Indebtedness under the New Bank Credit Agreement, (ii) the Senior Notes and (iii) any other Guarantor Senior Indebtedness that, at the time of determination, has an aggregate principal amount outstanding of at least $50,000,000 and is specifically designated in the instrument evidencing such Guarantor Senior Indebtedness as "Designated Guarantor Senior Indebtedness".