Examples of Subject Obligations in a sentence
Notwithstanding anything contained in this Agreement to the contrary, any rights of the Creditors or any obligations of the Fund contained in this Agreement or in any Subject Obligations shall be subject to the rights of the Senior Secured Lenders and the obligations of the Fund under the Senior Secured Credit Obligations, including the Fund’s right, following a Project Loan Default, to foreclose on the Fund’s security interest in the applicable Project Loan and to thereafter manage such Project Loan.
This Agreement shall be binding upon and inure to the benefit of each of the Creditors and their respective successors and assigns, whether so expressed or not, and, in particular, shall inure to the benefit of and be enforceable against any future holder or holders of any Subject Obligations, and the term “Creditor” shall include any such subsequent holder of Subject Obligations, wherever the context permits.
No Creditor may sell, transfer or otherwise dispose of any interest in the Subject Obligations unless such purchaser or transferee shall agree, in writing, to be bound by the terms of this Agreement.