Junior Secured Debt means Indebtedness permitted to be secured by a Lien on Collateral under Section 6.06.
Junior Secured Debt means Indebtedness that is secured by a Lien on Collateral that is junior to the Liens securing the Obligations and permitted to be secured by a Lien on Collateral under Section 6.06.
Junior Secured Debt means Indebtedness permitted to be secured by a Lien on Collateral under Section 6.06 or any Flyer Miles Obligations.
Examples of Junior Secured Debt in a sentence
If and to the extent that, the Security Trustee is not entitled, in the circumstances referred to in clause 10.1(a)(x), to demand, claim, enforce, prove, file, give receipts or take proceedings for the recovery of the Junior Secured Debt, each Junior Secured Beneficiary will do so promptly as requested by the Security Trustee from time to time.
More Definitions of Junior Secured Debt
Junior Secured Debt means any Obligations of the Issuer or a Note Guarantor that are:
Junior Secured Debt means Indebtedness of the Borrower or any Guarantor that is secured by a Lien on all or any portion of the Collateral (but not any assets that do not constitute Collateral) that is junior to the Lien in favor of the Collateral Agent on the Collateral.
Junior Secured Debt means Indebtedness permitted to be incurred under Section 6.03(b)(21) and permitted to be secured by a Lien on Collateral under Section 6.06.
Junior Secured Debt means Indebtedness referred to in clause (2) of the definition of “Permitted Liens” that is secured by a Lien on Collateral under Section 6.06 (including, without limitation, the Co-Branded Secured Obligations).
Junior Secured Debt means any secured Indebtedness incurred in the form of one or more series of secured notes or secured loans that are secured by Liens on the Collateral ranking junior to the Liens securing the Obligations in accordance with the ABL Intercreditor Agreement. Junior Secured Debt will include any Registered Equivalent Notes issued in exchange therefor.
Junior Secured Debt means Indebtedness permitted to be incurred under Section 6.03(b)(21) and permitted to be secured by a Lien on Collateral under Section 6.06 (including, without limitation, the Co-Branded Secured Obligations).
Junior Secured Debt means Indebtedness referred to in clause (vii) of the definition of “Permitted Debt”.