Scheduled Termination Date means August 19, 2021.
Secured Obligations means the Obligations and Bank Product Obligations, in each case whether now existing or hereafter arising, due or to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or acquired (including interest, fees, costs, and charges which, but for the filing of a petition in bankruptcy with respect to the Borrower, would have accrued on any Obligation, whether or not a claim is allowed against the Borrower for such interest, fees, costs, or charges in the related bankruptcy proceeding).
Secured Party as defined in the Security Agreement.
Securities means any stock, shares, partnership interests, limited liability company interests, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as securities or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing.
Securities Act means the Securities Act of 1933, as amended to the date hereof and from time to time hereafter, and any successor statute.
Security Agreement means the Security Agreement, dated as of August 19, 2019, between the Borrower and the Collateral Agent on behalf of the Secured Parties, as it may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.
Seller means each of (a) the Company, in its capacity as seller under the Purchase Agreement and (b) each Bank Partner Subsidiary, in its capacity as seller under the applicable Bank Partner Sale Agreement, as applicable.
Senior Funded Debt means, at any time the same is to be determined, Total Funded Debt at such time minus the principal amount of, and any accrued noncurrent pay interest on, Qualifying Subordinated Debt of the Company then outstanding.
Senior Leverage Ratio means, at any time the same is to be determined, the ratio of (a) Senior Funded Debt at such time, to (b) Adjusted Tangible Net Worth (Company) at such time.
Servicer as defined in the preamble hereto.
Servicer Default as defined in the Servicing Agreement.