Senior Claim means, with respect to any Obligations (other than Expenses), all other Obligations the payment of which constitutes a Prior Ranking Amount with respect thereto.
Senior Claim has the meaning set forth in Section 10.1(a) of the Indenture.
Senior Claim has the meaning given to such term in Section 11.01(a).
Examples of Senior Claim in a sentence
Top lift Operator Crane Operator Pay Services Reconciliation Clerk Senior Claim Service Rep.
This Subordination Agreement will be terminated pursuant to a written notice of the Senior Creditor that the Senior Claims have been fully repaid, which notice shall be immediately provided upon payment of the Senior Claim.
Each Principal Claim Auditor and Senior Claim Auditor have more than 10 years of auditing experience and have each completed at least 24 hours of continuing professional education within the preceding two years.
More Definitions of Senior Claim
Senior Claim has the meaning given thereto in Section 11.01(a) hereof.
Senior Claim means, in relation to an Eligible Bank, any claim or right which the Guarantor has or may (on whatever ground) have against any person who owes any Junior Claim to that Eligible Bank.
Senior Claim means a Claim that is senior to a subject Claim in accordance with the priorities set forth in the Priority Waterfall.
Senior Claim means all of Borrower’s indebtedness and liabilities to Senior Lender now existing or hereafter arising, direct or indirect, absolute or contingent, joint or several, whether as maker, endorser, surety, guarantor or otherwise, as well as the notes or other instruments evidencing the same, and any extensions, renewals, restatements or refinancings thereof, including, without limitation, the obligations of Borrower to Senior Lender under the Credit Agreement and the documents related thereto.
Senior Claim means all present and future claims and rights (actual or contingent) which the Senior Creditor has or may have against the Debtor under the Finance Documents;
Senior Claim has the meaning set forth in Section 2.10(a).
Senior Claim means all liabilities, obligations and indebtedness of any and every kind and nature, of Purchaser to a lender, other than a Permitted Transferee, whether heretofore, now or hereafter owing, arising, due or payable, and howsoever evidenced, created, incurred, acquired or owing, provided that such liabilities, obligations and indebtedness arise out of the financing of the transactions contemplated by this Agreement, refinancings or renewals of such indebtedness or indebtedness relating to the provision of working capital to Purchaser insofar as the aggregate amount of such indebtedness does not exceed $6,500,000, except such amount may be increased to reflect, on a dollar for dollar basis, any upward adjustments made to the principal amount of the Note pursuant to Section 2.8(b). Without limiting the foregoing, Senior Claim shall include all commitment, facility and other fees and expenses (including attorneys' fees and disbursements), payable to a lender by Purchaser relating to the indebtedness. Senior Claim shall not include (i) any liabilities, obligations or indebtedness of Purchaser to a lender except the foregoing or (ii) any other liabilities, obligations or indebtedness of Purchaser.