Senior Debt

Senior Debt. Shall mean (i) all indebtedness, liabilities and obligations of Borrower to Senior Lender, whether now existing or hereafter arising, under the Senior Note, (ii) all accrued but unpaid interest on any of the indebtedness owing under the Senior Note, (iii) all fees and expenses required by the Credit Agreement, as amended, by and between Borrower, certain of its affiliates, and Senior Lender; (iv) all obligations of Borrower to Senior Lender under any documents evidencing, securing, governing... and/or pertaining to all or any part of the indebtedness described in (i),(ii), and (iii) above, (v) all costs and expenses incurred by Senior Lender in connection with the collection of all or any part of the indebtedness and obligations described in (i), (ii), (iii), and (iv) above, including without limitation all reasonable attorneys' fees, (vi) all renewals, extensions, modifications and rearrangements by the Borrower and Senior Lender of the indebtedness and obligations described in (i), (ii), (iii), (iv), and (v) above, and (vii) all indebtedness, liabilities and obligations incurred by Borrower in connection with any refinancing of the obligations described in (i) through (vi) above with another bank, financial institution or other lender; and (viii) all interest accruing after the date of the filing of a petition by or against Borrower pursuant to any Debtor Relief Law or under any similar federal or state statute; View More

Senior Debt. Means all obligations of the Company (including without limitation contingent obligations with respect to undrawn letters of credit issued under the Credit Agreement, any obligations owed with respect to indemnification obligations, interest rate protection incurred to satisfy the requirements of the Credit Agreement and commitment fees and agency fees payable thereunder or pursuant thereto) (i) under the Credit Agreement or (ii) with respect to... Refinancing Debt (including in each such case fees, expenses, claims, charges, indemnity obligations and Post Petition Interest). Senior Debt outstanding under or in respect of Senior Debt Documents shall continue to constitute Senior Debt notwithstanding that such Senior Debt may be disallowed, avoided or subordinated pursuant to any Bankruptcy Law or other applicable insolvency law or equitable principles. View More

Senior Debt. Means with duplication: (i) (A) the First Mortgage Notes and (B) all other indebtedness evidenced by any and all Documents related to such First Mortgage Indenture; (ii) the indebtedness (including, the Loans) evidenced by this Agreement and the Related Documents; (iii) capital leases; (iv) any other loans or debt (other than loans or debt existing on the date hereof) that individually or in the aggregate in connection with... a series of related transactions, exceeds more than Two Million Dollars ($2,000,000) in aggregate principal amount and as to which any member of the Debtor Group is directly or indirectly obligated, as a party, guarantor or otherwise; and (vi) any renewals, extensions, substitutions, refundings, refinances, or replacements of the foregoing; provided, that Permitted Revolving Debt shall not constitute Senior Debt. View More

Senior Debt. Means (i) indebtedness and all other obligations of any type under each Credit Agreement and any other credit agreement between the Company and any lender, including, without limitation, principal, reimbursement obligations under letters of credit, bankers acceptances, interest rate protection agreements, and similar obligations, interest accruing before and after any Insolvency Event (irrespective of whether such interest is allowed as a claim), premiums, penalties, fees or expenses, (ii)... obligations arising under guarantees executed by the Company or any of its Subsidiaries of items described in (i) above, and (iii) renewals, extensions, refundings, refinancings, deferrals, restructurings, amendments and modifications of the items described in (i) and/or (ii) above. View More

Senior Debt. Means (i) the Indenture Debt, (ii) the Senior Bank Debt, (iii) all fees, expenses and other amounts owed to the Collateral Agent by the Maker and ACEP Finance under any collateral or other agreement relating to the Indenture Debt and/or the Senior Bank Debt, and (iv) any other indebtedness or other obligations of the Maker designated in writing by the Maker and Holder as Senior Debt.

Senior Debt. All principal, interest, fees, costs, enforcement expenses (including reasonable legal fees and disbursements), collateral protection expenses and other reimbursement or indemnity obligations created or evidenced by the Credit Agreement or any of the other Senior Loan Documents or any other document, instrument or agreement executed in connection therewith or any prior, concurrent or subsequent notes, instruments or agreements of indebtedness, liabilities or obligations of any type or form... whatsoever relating thereto in favor of the Administrative Agent or any of the Lenders. It is expressly acknowledged and agreed that the amount of Senior Debt may be increased, the term thereof may be extended or shortened, and the provisions thereof may be amended, modified, replaced or restated in any respect, including without limitation, amendments, modifications, restatements or replacements after the commencement of an Insolvency Proceeding PROVIDED, HOWEVER, that in no event shall (i) the principal amount of the Senior Debt, as at any date of determination, exceed $260,000,000 MINUS, as to any term loan, all payments of principal on such term loan paid by the Borrowers between the date hereof and such date of determination 3 -3- and, as to any revolving credit loan, the aggregate amount of all permanent reductions of commitments to provide such revolving credit loan between the date hereof and such date of determination, (ii) the highest Applicable Margin included in calculating interest rates on the Senior Debt be increased by more than 150 basis points above the highest such Applicable Margin as at the date hereof (it being understood that the imposition of a default rate of interest in the amount and under such circumstances as are contained in the Senior Loan Documents as in effect on the date hereof shall not be restricted by this clause (ii)), (iii) the final scheduled maturity of the Senior Debt be extended beyond February 28, 2005, (iv) the weighted averaged maturity of regularly scheduled payments of principal on the Senior Debt as at the date hereof be accelerated (it being understood that the acceleration of the entire Senior Debt in accordance with and under such circumstances as are contained in the Senior Loan Documents shall not be restricted by this clause (iv)), or (v) any covenant or event of default under the Credit Agreement be added or made more restrictive other than pursuant to a modification or supplement substantially identical to a modification or supplement then made in the Subordinated Documents. Senior Debt shall expressly include any and all interest accruing and out-of-pocket costs or expenses incurred after the date of any filing by or against the Company or any of its Subsidiaries of any Insolvency Proceeding regardless of whether a claim therefor is allowed or allowable in the case or proceeding relating thereto. View More

Senior Debt. Shall mean and include the outstanding principal of, premium, if any, and interest on all indebtedness of Borrower (including any interest accruing thereon after maturity or after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to: (i) PNC, as agent for the lenders, under the PNC Documents, on the terms and... conditions available under the PNC Documents and up to the maximum amount of Seven Million Dollars ($7,000,000.00); or (ii) any other lender or lenders under any substitute working capital, letter of credit, surety or other like facility made available to Borrower from time to time, up to an aggregate maximum amount of Seven Million Dollars ($7,000,000.00) as to all such lenders at any given time; or (iii) any renewals, extensions, deferrals or replacements of any such indebtedness referred to in clause (i) or (ii) above up to a maximum amount of Seven Million Dollars ($7,000,000) as t oall such renewals, extensions, deferrals or replacements. View More

Senior Debt. Means the principal, interest, fees, and any and all costs and expenses owed by Borrower to Senior Lender under the Senior Loan Documents, and all extensions and renewals thereof, as well as any additions thereto, including, but not limited to, any future advances to be extended by Senior Lender to Borrower up to the maximum amount of $1,000,000.00, plus accrued interest and amounts owed for fees, costs and expenses.

Senior Debt. Means all amounts, loans, advances, debts, liabilities and obligations, tasks or duties (in each case, whether now or hereafter existing, whether then required or contingent, or whether any such amounts are liquidated or determinable) owing to the Senior Debt Holders and arising under the Credit Agreement or any of the other Loan Documents (as defined in the Credit Agreement). This term includes, without limitation, all principal, interest (including all interest that accrues after the... commencement of any case or proceeding by or against Payor or any other Credit Party (as defined in the Credit Agreement) in any insolvency, bankruptcy or similar case or proceeding, whether or not allowed in such case or proceeding), fees, charges, expenses, attorneys' fees, liabilities (including fees and charges) with respect to Bank Products (as defined in the Credit Agreement) and any other sum chargeable to Payor or any other Credit Party under the Credit Agreement or any of the other Loan Documents. View More

Senior Debt. Means collectively the VPC Debt and the Greystone/Mennen Debt.