Senior Subordinated Loan definition

Senior Subordinated Loan has the meaning given to that term under the Servicing Agreement;

Senior Subordinated Loan. Any Loan (other than a Senior Secured Loan) that is subordinated to only a Senior Secured Loan and which is documented in a form that is commercially reasonable and consistent with the Credit and Collection Policy.

Senior Subordinated Loan. Any Term Loan that (i) has a Loan-to-Value Ratio not greater than (a) 75% where the Loan is not a Material Mortgage Loan or the Related Property is not primarily real estate, and (b) 85% where the Loan is a Material Mortgage Loan or the Related Property is primarily real estate, and (ii) contains terms which, upon the occurrence of an event of default under the Loan Documents or in the case of any liquidation or foreclosure on the Related Property, provide that the Borrower’s portion of such Loan would be paid only after the other lender party to such Loan (including any lender party making any Broadly Syndicated Loan, Senior Secured ABL, First Lien Loan, Qualified Second Lien Loan or Second Lien Loan whose right to payment is contractually senior to the Borrower) is paid in full.

Examples of Senior Subordinated Loan in a sentence

• The workshop was intended to focus on reducing the demand on US-1, work with developers to provide connectivity, and a developer’s agreement for six lanes.

• Senior Subordinated Loan Agreement dated as of October 15, 1993 among Canandaigua Wine Company, Inc., its Subsidiaries and certain banks for which The Chase Manhattan Bank (National Association) acts as Agent (filed as Exhibit 2(d) to the Company's Current Report on Form 8-K dated October 15, 1993 and incorporated herein by reference).

• This rule is one of several provisions of the IDEA governing how public agencies must conduct educational evaluations and make determinations regarding eligibility and need.

• Proposals that fail to meet one or more of the criteria may be ineligible for award.

• More specifically, approximately $282 million, $169 million, and $12 million were outstanding under the Existing Senior Secured Credit Agreement, the Senior Subordinated Loan Agreement, and the Junior Subordinated Loan Agreement (as such terms are defined in the GRA), DSI Renal Holdings formed CDSI I Holding Company, Inc.

More Definitions of Senior Subordinated Loan

Senior Subordinated Loan. Any Term Loan that (i) may be secured by a combination of senior and/or junior Liens on substantially all of the Obligor’s assets constituting Related Property for the Loan, (ii) has a Loan-to-Value of less than (a) 75% where the Loan is not a Material Mortgage Loan or the Related Property is not primarily real estate, and (b) 90% where the Loan is a Material Mortgage Loan or the Related Property is primarily real estate, (iii) contains terms which, upon the occurrence of certain events of default under the senior loan documents between another lender and the Obligor or in the case of any liquidation or foreclosure on any Related Property, provide that the Seller’s portion of such Loan would be paid only after the other lender party to such related senior loan documents (including any lender party making any Senior Secured ABL Loan, Senior Secured Term Loan, Stretch Senior Secured Loan or Senior B-Note Loan whose right to payment is contractually senior to the Seller) is paid in full, and (iv) is substantially in the form of the “Senior Subordinated Loan” previously delivered by the Originator to the Administrative Agent in connection with the CS Funding I Transaction or such other form as shall be adopted by the Originator and approved in writing by the Administrative Agent at least five days prior to such Loan becoming part of the Collateral hereunder.

Senior Subordinated Loan. Any Loan that (i) is not a Large Syndicated Loan, Senior Secured ABL, First Lien Loan, Qualified Second Lien Loan, Second Lien Loan, DIP Loan, Preferred Loan or Real Estate Loan, and (ii) has a Loan-to-Value Ratio of not greater than 75%. For the avoidance of doubt, Senior Subordinated Loans may be secured or unsecured and the Underlying Instruments or a related intercreditor agreement may include provisions that allow a senior lender to block payment of interest or principal under the Senior Subordinated Loan during the occurrence of a default or Obligor Insolvency Event.

Senior Subordinated Loan means the extension of credit by a Senior Subordinated Lender to a Borrower under Article II.

Senior Subordinated Loan means the loan in the original principal amount of $15,000,000 made by Senior Subordinated Lender to GMH pursuant to the Senior Subordinated Loan Instruments.

Senior Subordinated Loan means the Indebtedness pursuant to the Senior Subordinated Loan Agreement, dated as of September 8, 2006, among the Company and the lenders that are party thereto.

Senior Subordinated Loan set forth in Section 1.1 of the Sale and Servicing Agreement is hereby deleted in its entirety.

Senior Subordinated Loan. Any Type of Loan other than a Senior Secured Loan and that is subordinated to only a Senior Secured Loan. Servicer: CapitalSource Finance, and each successor (in the same capacity) appointed as Successor Servicer pursuant to Section 6.16(a).