Senior Secured Note means those certain 12.0% Senior Notes due August 15, 2008, issued by Ampex Corporation under the Indenture.
Senior Secured Note means the Senior Secured Notes due in December 2015 issued pursuant to the Senior Secured Note Indenture.
Senior Secured Note. Any assignment of or Participation Interest in or other interest in a senior secured note issued pursuant to an indenture or equivalent document by a corporation, partnership, limited liability company, trust or other Person, bearing interest at a floating rate and that is secured by a pledge of collateral and has a senior pre-petition priority (including pari passu with other obligations of the Obligor, but subject to customary permitted liens, such as, but not limited to, any tax liens, liquidation, trade claims, capitalized leases or similar obligations) in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings.
Examples of Senior Secured Note in a sentence
The Company and certain Purchasers entered into that certain Senior Secured Note Purchase Agreement dated as of March 28, 2024 (the “Original Agreement”), and, contemporaneously therewith, an initial Closing (defined below) occurred at which the Company received $3,700,000 of proceeds from such Purchasers in exchange for Notes issued by the Company in accordance with the Original Agreement.
The parties have executed this Amended and Restated Senior Secured Note Purchase Agreement as of the date first written above.
Xxxx Title: Chief Executive Officer Address: 2000 X Xxxxxxxx Xxxx Miramar, FL 33025 Email: hxxxxxxx@xxxxxxxxxxxx.xxx The parties have executed this Amended and Restated Senior Secured Note Purchase Agreement as of the date first written above.
More Definitions of Senior Secured Note
Senior Secured Note. Any assignment of or Participation Interest in or other interest in a senior secured note issued pursuant to an indenture or equivalent document by a corporation, partnership, limited liability company, trust or other person that is secured by a first or second priority perfected security interest or lien in or on specified collateral securing the issuer’s obligations under such note.
Senior Secured Note. Any debt obligation that constitutes borrowed money and is in the form of, or represented by, a note (other than any note evidencing a Loan), certificated debt security or other debt security and that: (a) is not (and cannot by its terms become) subordinate in right of payment to any other obligation of the Obligor of such note (subject to customary exceptions for permitted liens including an Obligor’s obligations thereunder in respect of its trade claims, accounts receivables, inventory, capitalized leases and similar obligations and Senior Revolver Facilities); (b) is secured by a valid first-priority perfected security interest or lien in, to or on specified collateral securing the Obligor’s obligations under the note (subject to customary exceptions for permitted liens); (c) does not constitute a Bond (or other similar debt obligation with a public rating) and (d) the value of the collateral securing the note at the time of acquisition together with other attributes of the Obligor (including, without limitation, its general financial condition, ability to generate cash flow available for debt service and other demands for that cash flow) is adequate (in the commercially reasonable judgment of the Collateral Manager) to repay the note in accordance with its terms and to repay all other debt obligations of equal seniority secured by a first lien or security interest in the same collateral.
Senior Secured Note. Any dollar-denominated senior secured note issued pursuant to an indenture by a corporation, partnership or other Person that is secured by a first priority, perfected security interest or lien to or on specified collateral securing the issuer’s obligations under such note.
Senior Secured Note. Any note that is not (and cannot by its terms become, in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings or otherwise) subordinate (except with respect to liquidation preferences with respect to pledged collateral) in right of payment to any obligation of the obligor but subject to customary permitted liens, such as, but not limited to, any tax liens and is secured by a valid first-priority perfected pledge of collateral.
Senior Secured Note means that certain Secured Promissory Note in the form attached hereto as Exhibit 12 being entered into simultaneously with the execution of this Agreement by Zynaxis, as the maker, and CytRx, as the holder, outlining the terms governing the lending of up to Two Million Dollars ($2,000,000) by CytRx to Zynaxis.
Senior Secured Note means that certain Senior Secured Note, dated as of January 26, 2024, by and among FlyExclusive Jet Share, LLC, a North Carolina limited liability company, as borrower, the Company and LGM Enterprises, LLC, a North Carolina limited liability company, as guarantors, ETG FE LLC, a Delaware limited liability company, as the initial noteholder, the other noteholders from time to time party thereto, Xxxxx Agency Services Limited, as administrative agent and Xxxxx Trustee Services Limited, as collateral agent, as amended, restated, amended and restated, supplemented, extended, replaced, refinanced or otherwise modified from time to time.
Senior Secured Note means a note in the principal amount of US$1,000 issued pursuant to a financing on December 12, 2008;