Examples of Unsecured Liabilities in a sentence
Subject to Clause 10.3 (Restriction on Payment and dealings during Unsecured Standstill Period: Unsecured Liabilities) below, the Debtors may make Payments to the Unsecured Creditors in respect of the Unsecured Liabilities in accordance with the Unsecured Finance Documents.
Borrower shall not permit the ratio of (i) the Unencumbered Pool Value to (ii) the Unsecured Liabilities of Borrower and its Consolidated Subsidiaries, to be less than 2.00 to 1.00 at any time.
Unsecured Creditors So long as any of the Senior Secured Liabilities are or may be outstanding, no Unsecured Creditor (or any representative on its behalf) shall take or require the taking of any Enforcement Action against an Unsecured Guarantor in relation to the Unsecured Liabilities, except as permitted under Clause 2.3 (Permitted Enforcement: Unsecured Creditors).
Unsecured Payment Stop Notice), the Debtors may, at any time prior to the Final Discharge Date, make Payments to the Unsecured Creditors in respect of the Unsecured Liabilities in accordance with the Unsecured Creditor Documents (as amended in accordance with the terms of this Agreement and the relevant Unsecured Creditor Documents) provided the Payment is not otherwise prohibited by the Primary Creditor Documents.
At any time, permit the ratio of (a) Eligible Assets of the Borrower and its Subsidiaries to (b) Total Unsecured Liabilities of the Borrower and its Subsidiaries (excluding Subordinated Debt), each determined on a Consolidated basis in accordance with GAAP (the "Unencumbered Eligible Assets Ratio"), to be less than 1.0:1.0.