Junior Secured Creditors definition

Junior Secured Creditors means (a) the Capital Noteholders and (b) each other holder of Junior Secured Obligations;
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Junior Secured Creditors means the Second Secured Creditors, the Third Secured Creditors and the Fourth Secured Creditors until the First Secured Obligations are Paid in Full, and thereafter means the Third Secured Creditors and the Fourth Secured Creditors until the Second Secured Obligations are Paid in Full, and thereafter means the Fourth Secured Creditors.
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Junior Secured Creditors means the holders of the Junior Debt;
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Examples of Junior Secured Creditors in a sentence

  • This Class consists of separate subclasses for any Allowed Secured Claim against Debtor, other than the Class 2 Secured Claim and other than the Class 4 Junior Secured Creditors.

  • Millenium Trust Company is serving as custodian for the benefit of certain of the Junior Secured Creditors.

  • Any Termination Notice shall be given by facsimile (or other electronic means) to counsel to the Debtors, counsel to any Statutory Committee (if one has been formed), the U.S. Trustee, and counsel to the Prepetition Junior Secured Creditors.

  • The lien and administrative claim provided to the Junior Secured Creditors under the Interim Order shall be deemed avoided and ineffective should the Second Trust subsequently be avoided under any provision of chapter 5 of the Bankruptcy Code.

  • The lien and administrative claim provided to EagleBank under the Interim Order shall be senior in priority to the lien and administrative claim provided to the Junior Secured Creditors.

  • The Secured Creditors’ replacement liens and administrative priority expense claims will not attach to chapter 5 causes of action or the proceeds of chapter 5 causes of action, and the replacement liens and administrative priority expense claims provided to the Junior Secured Creditors will be deemed avoided should the Second Trust subsequently be avoided under chapter five of the Bankruptcy Code.

  • The record shows that the transition to 911 will entail more than translation, and thus, may require more than six months to complete.

  • None of the Junior Secured Creditors filed a timely opposition to the Cash Collateral Motion.

  • Further, the Shared Proceeds are to be distributed on a pro rata basis to the Distribution Creditors (which can include any Waiving Junior Secured Creditors) without any attendant discrimination.

  • The Junior Secured Creditors have not affirmatively consented to the use 2 The Junior Secured Creditors are (a) Falling Green Capital, LLC; (b) Terrence Fitzpatrick; (c) Frances M.


More Definitions of Junior Secured Creditors

Junior Secured Creditors means Stratford Capital Partners, L.P., Retail & Restaurant Growth Capital L.P., Provender Opportunities Fund L.P., Cornerstone Equity Investors IV, L.P., James P. Argyropoulos, Giles Batemxx, Xxxxx Xxxxxx, Xxxnt xxx Xxxxxxx Mexxxxx Xxxxx, Txx Xxrlman Xxxxxx Xxxxx xtd 2/27/95, Xxxxxxxno Family Trust dated March 00, 0000, Candice E. Appleton Family Trust, Xxxxxx Xxxxxx 0000 Trust UAD 5/2/90, Xxxert Taicher, Herbert Simon, Harxx Xxxxx, Xxxx Mxxxx xxx Xxx Zuxxxxxxx.
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Junior Secured Creditors means Stratford Capital Partners, L.P., Retail & Restaurant Growth Capital L.P., Provender Opportunities Fund L.P., Cornerstone Equity Investors IV, L.P., James P. Argyropoulos, Giles Bateman, Xxxxx Xxxxxx, Xxenx xxx Xxxxxxn Merrill Trust, The Perlman Faxxxx Xxxxx xxx 2/27/95, Montesano Family Trust dated March 17, 0000, Xandice E. Appletox Xxxxxx Xxxxx, Xxxxxx Xxxxxx 0000 Xxxst UAD 5/2/99, Robert Taicher, Herbert Simon, Harry Xxxxx, Xxxx Xxxxx xxx Xan Xxxxxxxxx.
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Junior Secured Creditors means any entities possessing a Secured Claim against the Debtors that is junior in priority to the Secured Claims of Laurus.
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Related to Junior Secured Creditors

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Senior Secured Obligations means, (a) with respect to the Term/Notes Priority Collateral, the Second-Priority Lien Obligations and, (b) with respect to the RBL Priority Collateral, the First-Priority Lien Obligations. The First-Priority Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the Second-Priority Lien Obligations shall, collectively, constitute a separate “Class” of Senior Secured Obligations.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Senior Secured Loan means any interest in a loan, including any assignment of or participation in or other interest in a loan, that (i) is not (and is not expressly permitted by its terms to become) subordinate in right of payment to any obligation of the obligor in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings (other than pursuant to a Permitted Working Capital Lien and customary waterfall provisions contained in the applicable loan agreement), (ii) is secured by a pledge of collateral, which security interest is (a) validly perfected and first priority under Applicable Law (subject to liens permitted under the applicable credit agreement that are reasonable for similar loans, and liens accorded priority by law in favor of any Governmental Authority) or (b)(1) validly perfected and second priority in the accounts, documents, instruments, chattel paper, letter-of-credit rights, supporting obligations, deposit accounts, investments accounts and any other assets securing any Working Capital Revolver under Applicable Law and proceeds of any of the foregoing (a first priority lien on such assets a "Permitted Working Capital Lien") and (2) validly perfected and first priority (subject to liens for taxes or regulatory charges and any other liens permitted under the related underlying instruments that are reasonable and customary for similar loans) in all other collateral under Applicable Law, and (iii) the Portfolio Manager determines in good faith that the value of the collateral for such loan (including based on enterprise value) on or about the time of acquisition equals or exceeds the outstanding principal balance of the loan plus the aggregate outstanding balances of all other loans of equal or higher seniority secured by a first priority Lien over the same collateral. For the avoidance of doubt, debtor-in-possession loans and FLLO Loans shall constitute Senior Secured Loans.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Senior Secured Debt means Senior Debt that is secured by Liens on any property or assets of the Borrower or any of its Subsidiaries.

  • Junior Security of a Person means, when used with respect to the Securities of any series, any Qualified Capital Stock of such Person or any Indebtedness of such Person that is subordinated in right of payment to the Securities of such series and has no scheduled installment of principal due, by redemption, sinking fund payment or otherwise, on or prior to the Stated Maturity of the Securities of such series.

  • Senior Security Documents means with respect to any Senior Secured Party, the Security Documents that secure the Senior Obligations.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Senior Secured Indebtedness means, as of any date of determination, the principal amount of any Indebtedness for borrowed money that is secured by a Lien.

  • Senior Secured Notes Trustee means U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee under the Senior Secured Notes Indenture.

  • Permitted Junior Secured Refinancing Debt means any secured Indebtedness issued or incurred by the Borrower or a Subsidiary Guarantor in the form of one or more series of Junior Lien secured notes or loans; provided that (i) such Indebtedness is secured by the Collateral on a Junior Lien basis (subject to Liens permitted under Section 9.1) with the Obligations and is not secured by any property or assets of the Borrower or any Subsidiary other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness, (iii) such Indebtedness does not mature or have scheduled amortization or scheduled payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (other than customary offers to repurchase or mandatory prepayments upon a change of control, asset sale or other Disposition or casualty event or incurrence of indebtedness that is not permitted thereunder and customary acceleration rights after an event of default) prior to the Latest Maturity Date, determined at the time such Indebtedness is incurred, (iv) the security agreements relating to such Indebtedness are substantially the same as the Collateral Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) such Indebtedness is not guaranteed by any Subsidiaries other than the Subsidiary Guarantors and (vi) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of the Junior Lien Intercreditor Agreement; provided that if such Indebtedness is the initial Permitted Junior Secured Refinancing Debt incurred by the Borrower or a Subsidiary Guarantor, then Holdings, the Borrower, the Subsidiary Guarantors, the Administrative Agent and the Senior Representative for such Indebtedness shall have executed and delivered a Junior Lien Intercreditor Agreement. Permitted Junior Secured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Other Pari Passu Lien Obligations means any Indebtedness or other Obligations permitted under this Indenture having Pari Passu Lien Priority relative to the Notes with respect to the Collateral; provided that an authorized representative of the holders of such Indebtedness shall have entered into, or executed a joinder to, the Pari Passu Intercreditor Agreement.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Senior Secured Note Documents means the Senior Secured Note Indenture, the Senior Secured Note Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any security document relating to the Senior Secured Notes and/or the Senior Secured Note Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Junior Securities means the Common Stock and all other Common Stock Equivalents of the Corporation other than those securities which are explicitly senior or pari passu to the Preferred Stock in dividend rights or liquidation preference.

  • Junior Debt Documents means, collectively, any loan agreements, indentures, note purchase agreements, promissory notes, guarantees and other instruments and agreements evidencing the terms of any Junior Indebtedness.

  • Junior Lien Indebtedness means any Indebtedness (other than any ABL Facility) that is secured by a junior Lien to the Lien securing the Secured Obligations and that was permitted to be incurred and so secured hereunder.

  • 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.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.