Senior Bank Debt definition

Senior Bank Debt means the Indebtedness (including letters of credit) outstanding under the Credit Facility as such agreement may be restated, further amended, supplemented or otherwise modified or replaced from time to time hereafter, together with any refunding or replacement of such Indebtedness.

Senior Bank Debt means all Obligations outstanding under or in connection with the Credit Agreement (including Guarantees of such Obligations by Subsidiaries of the Company).

Senior Bank Debt means (i) the Indebtedness outstanding under the Senior Credit Facility, and (ii) all Obligations incurred by or owing to the holders or their agent or representatives of such Indebtedness outstanding under the Senior Credit Facility (including, but not limited to, all fees and expenses of counsel and all other interest, charges, fees and expenses).

Examples of Senior Bank Debt in a sentence

• Not permit the ratio of the Borrower’s Senior Bank Debt to EBITDA to exceed 2.00 to 1.0 at any time.

• The revolving credit facility was replaced on April 8, 2005 as a result of the Senior Secured Notes refinancing of the Senior Bank Debt with a new revolving credit facility which matures in 2010.

• Pending the final application of any such Net Proceeds, the Company may temporarily reduce Senior Bank Debt or otherwise invest such Net Proceeds in any manner that is not prohibited by this Indenture.

• The TCW Sub Notes are senior to the Junior Sub Debt pursuant to the terms of the Junior Sub Subordination Agreement and are junior and subordinated to the Senior Bank Debt and Senior Sub Debt pursuant to the Bank Subordination Agreement and the TCW Subordination Agreement, respectively.

• Notwithstanding the foregoing, the obligations of the Borrower and the claims of the Creditor under this Seller’s Credit shall – if the Borrower, the Guarantor or the Target becomes insolvent or enters into bankruptcy proceedings - be fully subordinated to claims of the Senior Banks in respect of the Senior Bank Debt Guarantee Obligations.

More Definitions of Senior Bank Debt

Senior Bank Debt means the Indebtedness and obligations outstanding under the Bank Credit Agreement, including, without limitation, all principal, interest, fees, indemnities, reimbursement claims or otherwise and whether or not such obligations accrue before or after the commencement of any bankruptcy, insolvency or similar proceeding or constitute an allowed claim in any such proceeding.

Senior Bank Debt means the Indebtedness (including reimbursement obligations with respect to letters of credit) outstanding under the Credit Facility from time to time.

Senior Bank Debt for purposes hereof shall mean the sum of all of the Borrower’s indebtedness for borrowed money that in accordance with generally accepted accounting principles would be considered as a liability, and all obligations of the Borrower incurred in connection with any existing or future lease transactions capitalized or required to be capitalized on the Borrower’s books.

Senior Bank Debt means the Obligations outstanding under the Credit ---------------- Agreement.

Senior Bank Debt means the Indebtedness (including letters of credit) outstanding under the Credit Facility from time to time.

Senior Bank Debt means the Obligations outstanding under the Credit Agreement.

Senior Bank Debt means all Obligations outstanding under or in connection with the Credit Agreement. 4.13 "Senior Bank Documents" shall mean the Credit Agreement and any note, mortgage, security agreement, pledge agreement, guaranty or other agreement or instrument now or hereafter evidencing, securing or executed in connection with any Senior Bank Debt, and any credit agreement, note, mortgage, security agreement, pledge agreement, guaranty or other agreement or instrument hereafter executed in connection with any extension, renewal, refunding or refinancing thereof. 4.14 "Senior Debt" means (a) the Senior Bank Debt and (b) any other Debt, unless the instrument under which such Debt is incurred expressly provides that it is on a parity with or subordinated in right of payment to this Note. Notwithstanding anything to the contrary in the foregoing, Senior Debt shall not include (i) any liability for federal, state, local or other taxes owed or owing by the Company, (ii) any Debt of the Company to any of its Subsidiaries or other Affiliates or (iii) any trade payables. 4.15 "Senior Debt Default" shall have the meaning given such term in Section 5.2 hereof. 4.16 "Subordinated Distributions" shall have the meaning given such term in Section 5.1 hereof. 4.17 "Subordinated Payments" shall have the meaning given such term in Section 5 hereof. 5.