Junior Debt means any Indebtedness of the types described in clauses (i) and (ii) of the definition of “Indebtedness” (other than Indebtedness among the Borrower and/or its Restricted Subsidiaries) of the Borrower or any of its Restricted Subsidiaries that is contractually subordinated in right of payment to the Obligations, in each case, with an individual outstanding principal amount in excess of the Threshold Amount. For the avoidance of doubt, each Asset Financing Facility and CRE Financing shall not constitute Junior Debt.
Junior Debt means any Indebtedness in respect of Subordinated Indebtedness.
Junior Debt means (i) any Material Indebtedness secured by Liens on the Collateral that are junior to the Liens securing the Obligations and (ii) any Indebtedness of the Credit Parties that is contractually subordinated in right of payment to the Obligations pursuant to a written agreement.
Examples of Junior Debt in a sentence
The Parent Borrower will not, and will not permit any of the Restricted Subsidiaries to, amend the terms of any Junior Debt with an aggregate principal amount in excess of the Threshold Amount to the extent the terms of such amendment would be contrary to the terms of any binding intercreditor or subordination agreement.
More Definitions of Junior Debt
Junior Debt has the meaning assigned to such term in Section 6.06(b).
Junior Debt means, collectively, all present and future indebtedness, liabilities and obligations of any and every kind, nature and description (whether direct or indirect, absolute or contingent, matured or unmatured) of the Debtors to the Junior Creditor, and any unpaid balance thereof.
Junior Debt means any Indebtedness of any Loan Party that by its terms is contractually subordinated in right of payment to the Secured Obligations.
Junior Debt shall have the meaning provided in Section 10.7(a).
Junior Debt any Subordinated Obligations and Guarantor Subordinated Obligations.
Junior Debt means indebtedness issued by Project Co to any of its Partners or Affiliates of Partners which ranks subordinate in all respects to the Senior Debt, excluding:
Junior Debt means indebtedness that is subordinate to Senior Debt.