Senior Secured Financing. (or any comparable term) under, and as defined in, any documentation governing or relating to Subordinated Indebtedness.
Senior Secured Financing or “Designated Senior Indebtedness” (or any comparable term) under and as defined in the 2022 Subordinated Note Indenture, the 2025 Subordinated Note Indenture, the 2024/2026 Subordinated Note Indenture and any documentation with respect to any other Material Indebtedness that is subordinated Indebtedness incurred pursuant to Section 6.01(a)(xviii); then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders (or, if an Event of Default resulting from a breach of the Financial Performance Covenant occurs and is continuing and prior to the expiration of the Standstill Period, (x) at the request of the Required Revolving Lenders (in such case only with respect to the Revolving Commitments, Revolving Loans and any Letters of Credit) only (a “Revolving Acceleration”) and (y) after a Revolving Acceleration, at the request of the Required Term Loan Lenders), shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
Senior Secured Financing the meaning set forth in Section 3.5.
Examples of Senior Secured Financing in a sentence
You agree to supplement the Information and the Projections from time to time until the date of the initial borrowing under the Senior Secured Financing, as appropriate, so that the representations and warranties in the preceding sentence remain correct.
The Senior Secured Financing shall provide for a mechanism which will allow for each assignee to become a direct signatory to the Senior Secured Financing and will relieve the assigning Lender of its obligations with respect to the assigned portion of its commitment.
The final maturity date for the Term Loan Facility shall be five years from the date of initial borrowing under the Senior Secured Financing (the "Closing Date").
All amounts and obligations under the Senior Secured Financing shall be unconditionally guaranteed (the "Guaranty") by each of the direct and indirect subsidiaries of the Borrower (the "Guarantors"), subject to customary exceptions for transactions of this type.
Assignments and obligations under Participations: The Borrower may not assign its rights or the Senior Secured Financing without the prior written consent of the Lenders.
More Definitions of Senior Secured Financing
Senior Secured Financing or “Designated Senior Indebtedness” (or any comparable term) under and as defined in the Indentures and any documentation with respect to any other Material Indebtedness that is subordinated Indebtedness incurred pursuant to Section 6.01(a)(xviii); then, and in every such event (other than an event with respect to any Borrower described in paragraph (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrowers, take either or both of the following actions, at the same or different times:
Senior Secured Financing has the meaning specified in Section 5.21.
Senior Secured Financing. (or any comparable term) under, and as defined in any Junior Financing Documentation governing Junior Financing subordinated in right of payment to the Obligations under the Loan Documents with an individual principal amount of not less than the Threshold Amount (including all amounts owing to creditors under any combined or syndicated credit arrangement) or (ii) the subordination provisions set forth in any Junior Financing Documentation governing Junior Financing subordinated in right of payment to the Obligations under the Loan Documents with an individual principal amount of not less than the Threshold Amount (including all amounts owing to creditors under any combined or syndicated credit arrangement) shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any such Junior Financing, if applicable; or (m)
Senior Secured Financing. (or any comparable term) under, and as defined in, any Junior Financing Documentation. OFAC; USA PATRIOT Act; FCPA.Section 5.20 To the extent applicable, each of Holdings, the Borrowers and their respective Subsidiaries is in(a) compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, the International Emergency Economic Powers Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, (ii) the USA PATRIOT Act and (iii) the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada). No Borrower nor any of their respective Subsidiaries nor, to the knowledge of any Borrower and(b) the other Loan Parties, any director, officer, employee, agent or controlled affiliate of any Borrower or any Subsidiary is currently the subject of any Sanctions, nor is any Borrower or any of their respective Subsidiaries located, organized or resident in any country or territory that is the subject of Sanctions. No part of the proceeds of the Loans or Letters of Credit will be used, directly or indirectly, by(c) any Borrower (i) in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, (ii) for the purpose of financing any activities or business of or with any Person that, at the time of such financing, is the subject of any Sanctions or (iii) in violation of the Corruption of Foreign Public Officials Act (Canada).
Senior Secured Financing. (or any comparable term) under, and as defined in any Permitted Subordinated Indebtedness Documentation or (ii) the subordination provisions set forth in any Permitted Subordinated Indebtedness Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Permitted Subordinated Indebtedness, if applicable; or (m)
Senior Secured Financing means each of the Initial Senior Facilities and any Additional Senior Secured Financing.
Senior Secured Financing. (or any comparable term) under, and as defined in any documentation governing Subordinated Indebtedness in excess of $50,000,000 or (ii) the subordination provisions set forth in any documentation governing Subordinated Indebtedness in excess of $50,000,000 shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of such Subordinated Indebtedness, if applicable, in each case, other than pursuant to the terms hereof or thereof, or as a result of acts or omissions of Administrative Agent or any of its Related Parties, or any Loan Party or any of their Subsidiaries shall so assert in writing; (l) a Change of Control shall occur; (m) if the ABL Obligations are accelerated and become due and payable. Notwithstanding anything to the contrary contained herein, no Event of Default shall be deemed to be “continuing” or “existing” if the events, act or condition that gave rise to such Event of Default have been remedied or cured in accordance with the terms of this Agreement or the Loan Documents or have ceased to exist. Section 10.02