Secured Bank Indebtedness definition

Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (6)(B) of the definition of Permitted Lien.

Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (8) of the definition of Permitted Lien.

Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (8) of the definition of Permitted Lien, as designated by Hexion to be included in this definition.

Examples of Secured Bank Indebtedness in a sentence

• The Trustee shall not be deemed to owe any fiduciary duty to the holders of Project Indebtedness and Senior Secured Bank Indebtedness and the Trustee shall not be liable to any holder of Project Indebtedness and Senior Secured Bank Indebtedness if it shall pay over or deliver to Holders, the Company or any other Person moneys or assets to which any holder of Project Indebtedness and Senior Secured Bank Indebtedness shall be entitled by virtue of this Article or otherwise.

• With respect to the holders of Project Indebtedness and Senior Secured Bank Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article, and no implied covenants or obligations with respect to the holders of Project Indebtedness and Senior Secured Bank Indebtedness shall be read into this Indenture against the Trustee.

• The Company agrees, and each Holder, by such Hxxxxx’s acceptance thereof, likewise agrees, that the indebtedness represented by the Securities is hereby expressly subordinated and junior, to the extent and in the manner set forth in this Article IV, in right of payment to the prior payment in full of the Project Indebtedness and Senior Secured Bank Indebtedness and any guarantee relating to the Project Indebtedness and Senior Secured Bank Indebtedness.

• Only the Project Indebtedness and the Senior Secured Bank Indebtedness (and any related guarantees) shall rank senior to the Securities in accordance with the provisions set forth herein.

• For all purposes hereof and the Intercreditor Agreements, Holdings hereby designates the 8.00% Senior Secured Notes Obligations as Bank Indebtedness and Secured Bank Indebtedness, the Obligations pursuant to the Credit Agreement as in effect on the Issue Date and the 8.00% Senior Secured Notes Obligations each as First- Priority Lien Obligations and the Obligations pursuant to the Second Lien Term Facility as in effect on the Issue Date as Junior Lien Obligations.

More Definitions of Secured Bank Indebtedness

Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (6)

Secured Bank Indebtedness means any Bank Indebtedness that is secured by Permitted Liens Incurred or deemed Incurred pursuant to (i) clause (6)(B) of the definition of Permitted Liens or (ii) clause (25) of the definition of Permitted Liens and that are, in each case, secured by Liens on the Collateral that are pari passu with the Liens securing any outstanding Indebtedness that was permitted to be Incurred under Section 4.03(b)(i).

Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien Incurred or deemed to be Incurred pursuant to clause (6)(B) of the definition of “Permitted Liens,” as designated by the Issuer to be included in this definition; provided that if such Bank Indebtedness is intended to constitute First Priority Lien Obligations, then an authorized representative of the holders of such Bank Indebtedness shall (if not already a party thereto) become a party to the First Lien Intercreditor Agreement.

Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien Incurred or deemed Incurred pursuant to clause(6) of the definition of Permitted Liens, as designated by the Company to be included in this definition. “Secured Indebtedness” means any Indebtedness secured by a Lien.

Secured Bank Indebtedness means, if designated by the Company to be included in this definition and secured by a Permitted Lien incurred pursuant to clause (6)(B)(y) of the definition of Permitted Liens as set forth in the Indenture and otherwise permitted by the First Lien Documents, one or more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, reserve-based loans, securitization or receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or (C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or refunded in whole or in part from time to time.

Secured Bank Indebtedness means all Indebtedness of the Issuer or any Guarantor outstanding under the Senior Credit Facilities and related Guarantees (including interest accruing on or after the filing of any petition in bankruptcy or similar proceeding or for reorganization of the Issuer or any Guarantor (at the rate provided for in the documentation with respect thereto, regardless of whether or not a claim for post-filing interest is allowed in such proceedings)), and any and all other fees, expense reimbursement obligations, indemnification amounts, penalties, and other amounts (whether existing on the Issue Date or thereafter created or incurred) and all obligations of the Issuer or any Guarantor to reimburse any bank or other Person in respect of amounts paid under letters of credit, acceptances or other similar instruments, in each case to the extent arising under the Senior Credit Facilities that is secured by a Lien.

Secured Bank Indebtedness means the Revolving Facility Obligations, the Term Loan Obligations, the Existing First Lien Note Obligations and any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (6)(B) of the definition of Permitted Lien.