Junior Claims definition

Junior Claims means (a) with respect to the ABL Priority Collateral, the First-Priority Lien Obligations secured by such Collateral, and (b) with respect to the Notes Priority Collateral, the ABL Obligations secured by such Collateral.

Junior Claims means any Indebtedness or securities of the Company or any of its Subsidiaries of any class junior in rank to the Notes and the Additional Notes in respect of the preferences as to distributions and payments upon a Liquidation Event, including, without limitation, any Equity Securities of the Company or any of its Subsidiaries.

Junior Claims shall have the meaning set forth in Section 8.7.

Examples of Junior Claims in a sentence

• On 21 December 2010 a subordination agreement was concluded between PF, Pfleiderer Sweden AB (hereinafter referred to as: PSAB) and the Commerzbank AG Filiale Luxembourg as standstill security agent in which it was agreed that the Senior Claims precede in rank the Junior Claims.

• The Guarantor grants the Eligible Bank permission as referred to in Section 3:246(4) CC to collect any Junior Claims.

• A Typical “Death Trap” Plan ProvisionOn the Effective Date, all [Junior Claims] shall be deemed cancelled and extinguished and shall be of no further force and effect, whether surrendered for cancellation or otherwise, and there shall be no distributions to Holders of [Junior Claims]; provided, however, that if [Junior Claims Class] votes in favor of the Plan, each Holder of an Allowed [Junior Claim] shall receive its Pro Rata Share of [Consideration (e.g., cash, new common stock, warrants)].

• Southampton Law School alumni around the worldMany students decide to return to their home countries and this is reflected in the global nature of the careers and employers.These are some examples of where recent graduates are working: Lawyers, Lawyer Advocates, Legal Counsels, Associates, Trainee Lawyers, Legal Executives, Paralegals, Claims Executives, Assistant Claims Managers, Junior Claims Handler and Property Managers at the following firms.

• Subject to the terms of the Morgan Stanley Settlement, each Holder of a Littleton Junior Loan Claim its pro rata Distribution in the form of an $1 million cash payment paid from the TIP on account of the Littleton Junior Claims, and a contractual commitment to receive 50% of the net proceeds from the sale of the Littleton Out-Parcel above $6 million.

More Definitions of Junior Claims

Junior Claims has the meaning given that term in Section 13.24.

Junior Claims means (a) with respect to any Multi-Currency Collateral, all Term Loan Claims and (b) with respect to any Term Loan Collateral, all Multi-Currency Claims.

Junior Claims means (i) the ordinary shares of AerCap and the common stock (or the equivalent thereof) of the relevant Guarantor, (ii) unless AerCap’s or the relevant Guarantor’s Articles of Association (or the equivalent thereof) expressly provide differently, any future shares in AerCap’s or the relevant Guarantor’s capital, respectively, (iii) in the case of ILFC, the Series A MAPS and the Series B MAPS and (iv) any future obligation of AerCap or the relevant Guarantor, as the case may be, that is expressly subordinated to the Junior Subordinated Notes or the Guarantees, as the case may be.

Junior Claims means any and all rights of the Company of any kind in the Participation Assets (other than any rights of the Company in the Participation Assets with respect to the Exchangeable Company Interests, if any), including any right to receive any distribution pursuant to the terms of any Supplement (other than any right of the Company to receive any distribution with respect to the Exchangeable Company Interests, if any).

Junior Claims means any and all rights of the Company of any kind in the Participation Assets (other than any rights of the Company in the Participation Assets with respect to the Exchangeable Company Interests, if any), including without limitation any right to receive any distribution pursuant to the terms of any Supplement (other than any right of the Company to receive any distribution with respect to the Exchangeable Company Interests, if any).

Junior Claims means with respect to any Credit Agreement Collateral, all Collateral Trust Claims.

Junior Claims has the meaning specified in Section 701(a)(iii).