Senior Liabilities definition

Senior Liabilities means the Senior Lender Liabilities and the Hedging Liabilities.

Senior Liabilities means all present and future sums liabilities and obligations payable or owing by the Borrower (whether actual or contingent, jointly or severally or otherwise) but not including Subordinated Liabilities;

Senior Liabilities means all Liabilities except the Subordinated Liabilities and Excluded Liabilities;

Examples of Senior Liabilities in a sentence

• The rights and claims of the Noteholders, the Receiptholders and Couponholders will, in the event of the winding up of the Issuer or the appointment of an administrator of the Issuer where the administrator has given notice that the administrator intends to declare and distribute a dividend, be subordinated in right of payment in the manner provided in the Trust Deed to all Senior Liabilities of the Issuer.

• The Commission shall not, by virtue of being a party to this Agreement, be taken to be a trustee for, or have any obligations to any person, including for the avoidance of doubt, any person to whom some or all of the Senior Liabilities are owed.

• Paragraphs 6(f) and 7(f): The guarantor or other provider of security must waive its right of subrogation against the borrower until all Senior Liabilities of the borrower have been paid in full.

• In the event of the Borrower's insolvency or the Borrower becoming unable at any time to comply with any applicable provisions of the Financial Resources Rules, the rights of the Lender in respect of the Subordinated Liabilities will be subordinated in all respects to the rights of Senior Creditors in respect of the Senior Liabilities.

• Senior Liabilities means all of the Issuer's liabilities which constitute direct, unconditional, unsubordinated and unsecured obligations of the Issuer.

More Definitions of Senior Liabilities

Senior Liabilities means all obligations of the Purchaser to the Trust and any other obligations of the Purchaser arising under or in connection with the Sale and Servicing Agreement, howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or thereafter existing, or due or to become due on or before the Final Maturity Date.

Senior Liabilities. ’ means all liabilities of the Issuer except subordinated liabilities; and

Senior Liabilities means all amounts that are “Senior Secured Liabilities” under and as defined in the Intercreditor Agreement or which do not constitute such liabilities solely because they are unsecured and the holders thereof have accordingly not become parties to the Intercreditor Agreement.

Senior Liabilities means all present and future obligations and liabilities (whether actual or contingent and whether owned jointly or severally or in any capacity whatsoever) of each Borrower to any Finance Party under each Finance Document to which such Borrower is a party.

Senior Liabilities means for any Person at any time, all Debt, other than contingent liabilities and Subordinated Debt.

Senior Liabilities as used herein, shall include, without limitation, any and all interest accruing on any of the Senior Liabilities after the commencement of any proceedings referred to in paragraph 4 hereof, notwithstanding any provision or rule of law which might restrict the rights of the Bank, as against the Borrowers or anyone else, to collect such interest.

Senior Liabilities means the sum of total liabilities, including Capital Lease Obligations and all reserves for deferred taxes and other deferred items appearing on the liabilities side of a balance sheet, determined in accordance with GAAP.