Senior Indebtedness

Senior Indebtedness. Means all obligations, liabilities and indebtedness of every nature of the Company or any Obligor from time to time owed to the Senior Lender under the Senior Loan Documents, including the principal amount of all debts, claims and indebtedness, accrued and unpaid interest and all premium, fees, costs and expenses, whether primary, secondary, direct, contingent, fixed or otherwise, heretofore, now and from time to time hereafter... owing, due or payable, whether before or after the filing of a Proceeding, including any credit enhancement obligations due and owing to the Senior Lender, together with (a) any indebtedness which refinances such principal, interest or other obligations and any amendments, modifications, renewals, restatements, refinancings or extensions thereof to the extent not prohibited by the terms of this Agreement and (b) any interest accruing thereon after the commencement of a Proceeding, without regard to whether or not such interest is allowed in any Proceeding. Senior Indebtedness shall be deemed to be outstanding until it is Finally Paid. View More

Senior Indebtedness. Shall mean, unless expressly subordinated to or made on a parity with the amounts due under this Note, the principal of (and premium, if any), unpaid interest on and amounts reimbursable, fees, expenses, costs of enforcement and other amounts due in connection with, (i) secured or unsecured indebtedness or financial obligation of the Company or its Subsidiaries, to banks, commercial finance lenders, insurance companies, leasing or equipment financing institutions or other lending or financial... institutions regularly engaged in the business of lending money or for reimbursement obligations, or letters of credit (excluding debt that is convertible or exercisable into equity through venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities), and (ii) any such indebtedness or any debentures, notes or other evidence of indebtedness issued in exchange for such Senior Indebtedness, or (iii) any indebtedness arising from the satisfaction of such Senior Indebtedness by a guarantor. View More

Senior Indebtedness. Means the principal of and unpaid interest on all indebtedness of the Company or any Subsidiary regardless of whether incurred on, before or after the date of this Note (i) for money borrowed from any bank, savings and loan or other financial institution, and is evidenced by notes, bonds, debentures or other written obligations, and (ii) any renewals or extensions of any indebtedness described in (i) above; PROVIDED, HOWEVER, that the term shall not include (a) any lease financing arrangement... involving the Company or any Subsidiary and (b) indebtedness which by the terms of the instrument creating or evidencing it is subordinated to or on a parity with this Note. View More

Senior Indebtedness. Shall mean the principal amount and any unpaid interest outstanding from time to time under any future secured indebtedness with banks, lessors or other financial or lending institutions.

Senior Indebtedness. Any Indebtedness of the Company, unless such Indebtedness is pari passu with or contractually subordinate or junior in right to payment of this Note, except Indebtedness to any Affiliate of the Company, which shall be junior and subordinate to this Note.

Senior Indebtedness. All obligations, liabilities and Indebtedness of every nature of Borrowers from time to time owed under the Senior Loan Documents or under any replacement or substitute senior loan facility; provided, however, that in no event shall the principal amount of the Senior Indebtedness at any time exceed the Maximum Senior Indebtedness Amount. Senior Indebtedness shall be considered to be outstanding whenever any loan commitment or principal amount under the Senior Loan Documents is outstanding

Senior Indebtedness. Means any (i) any Existing Senior Indebtedness, (ii) Indebtedness of the Company designated by the Company as ranking senior to the Subordinated Notes and (iii) any other indebtedness of the Company which the Company and the holders of more than 50% of the unpaid principal amount of the Subordinated Notes then outstanding may hereafter from time to time expressly and specifically agree in writing shall constitute Senior Indebtedness. The Company agrees to provide to the Holder, if requested,... the names of the holders of all Senior Indebtedness in writing, and to provide the Holder, if requested, with copies of all agreements related to any such Senior Indebtedness. Notwithstanding the foregoing, "Senior Indebtedness" shall not include (x) any other Indebtedness of the Company designated as subordinated indebtedness (including any Pari Passu Subordinated Notes), or (y) any Indebtedness of the Company or any Subsidiary owed to any Affiliate of the Company or any Subsidiary. View More

Senior Indebtedness. Shall mean, unless expressly subordinated to or made on a parity with the amounts due under this Note, (i) the principal of (and premium, if any), unpaid interest on and amounts reimbursable, fees, expenses, costs of enforcement and other amounts due in connection with, indebtedness of Company for (x) amounts raised in any loan from Trinity Capital Inc. up to $50,000,000, (y) notes issued on a revolving basis to finance print and advertising expenses for film and content releases, and (z)... financing received from General Catalyst that is not secured by assets of the Company, and (ii) all obligations of the Company under the Settlement Agreement, dated August 26, 2020, by and among the Company (f/k/a VidAngel, Inc.), Neal Harmon, Jeffrey Harmon, Disney Enterprises, Inc., Lucasfilm Ltd. LLC, Twentieth Century Film Corporation, Warner Bros. Entertainment Inc., MVL Film Finance, LLC, New Line Productions, Inc. and Turner Entertainment Co (the "Settlement Agreement"). View More

Senior Indebtedness. All indebtedness, obligations, liabilities, claims, rights, and demands committed or outstanding under the Senior Credit Agreement as it exists on the date hereof ("Original Senior Indebtedness") and any additional indebtedness of Borrower to Senior Creditor or any indebtedness that replaces such Original Senior Indebtedness provided that such additional indebtedness when added to the Original Senior Indebtedness, or replacement Indebtedness, in each case when aggregated with the Sellers Senior... Indebtedness, does not exceed three (3) times Borrower's EBITDA (as defined in the Senior Credit Agreement as it exists on the date hereof), calculated according to generally accepted accounting principles as shown in Borrower's most recent audited financial statement for the 12-months then ended provided to the Creditors (or during 2001 only, three (3) times Borrower's projected EBITDA for that year. View More

Senior Indebtedness. Shall mean: (i) all obligations, liabilities and indebtedness (including, without limitation, principal, premium, interest (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding of any Credit Party at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is... allowed in any such proceeding), reimbursement obligations under Letters of Credit, fees, costs and indemnities) of each Credit Party to the Lender Creditors, whether now existing or hereafter incurred under, arising out of, or in connection with, the Credit Agreement and the other Credit Documents to which each Credit Party is a party (including, without limitation, in the event each Credit Party is a Guarantor, all such obligations, liabilities and indebtedness of each Credit Party under its Guaranty) and the due performance and compliance by each Credit Party with all of the terms, conditions and agreements contained in the Credit Agreement and in such other Credit Documents (all such obligations, liabilities and indebtedness under this clause (i), except to the extent consisting of obligations or indebtedness with respect to Covered Agreements, being herein collectively called the "Credit Document Obligations"); (ii) all obligations, liabilities and indebtedness (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding of any Credit Party at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is allowed in any such proceeding) owing by such Credit Party to the Other Creditors, now existing or hereafter incurred under, arising out of or in connection with any Covered Agreement, whether such Covered Agreement is now in existence or hereinafter arising (including, without limitation, in the case of a Credit Party that is a Guarantor, all obligations, liabilities and indebtedness of such Credit Party under its Guaranty in respect of the Covered Agreements), and the due performance and compliance by such Credit Party with all of the terms, conditions and agreements contained in each such Covered Agreement (all such obligations, liabilities and indebtedness under this clause (ii) being herein collectively called the "Other Obligations"); and (iii) all obligations, liabilities and indebtedness (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding of any Credit Party at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is allowed in any such proceeding) owing by such Credit Party to the holders from time to time of the Senior Subordinated Notes, now existing or hereafter incurred under, arising out of or in connection with any Senior Subordinated Note Documents (including, without limitation, all such obligations and liabilities under any guarantees relating thereto) and the due performance and compliance by each Credit Party with the terms of each such Senior Subordinated Note Document. View More