Senior Creditors Sample Clauses

Senior Creditors. The Senior Creditors may assign, transfer, charge, novate or dispose of any of its rights and obligations under or in respect of any Senior Finance Document, provided that the assignment or transfer is allowed under the Senior Finance Document, and the assignee or transferee agrees to be bound by this Agreement as the relevant Senior Creditor by the execution of a duly completed Accession Agreement.

Senior Creditors. No Senior Creditor will (except with the consent of the Majority Junior Creditors): (a) assign, transfer or dispose of any of the Senior Debt owing to it or its proceeds or any interest in that Senior Debt or its proceeds, or any security therefor, to or in favour of any person, or transfer by novation or otherwise any of its rights or obligations under any Senior Finance Document to any person; or (b) subordinate any of the Senior Debt owing to it or its proceeds to any sums owing by an Obligor to any person, unless, in the case of (a) above only, that person is not prohibited from having such involvement by the terms of the Senior Finance Documents and agrees with the parties hereto that it is bound by all the terms of this Agreement as a Senior Creditor by executing a deed of accession substantially in the form set out in Schedule 8 or a Novation Certificate (as defined in the Senior Facility Agreement).

Senior Creditors. EXECUTED as a deed on behalf of CALM WATERS PARTNERSHIP., a Wisconsin general partnership, acting by Sxxxx X. Xxxxxxxxx As power of attorney for ) ) Authorised Signatory Rxxxxxx X. Xxxxxx ) Managing Partner ) Calm Waters Partnership ) being [a] person[s] who, in accordance with the laws of that territory, [is OR are] acting under the authority of the partnership ) Authorised Signatory EXECUTED as a deed on behalf of TIBURON OPPORTUNITY FUND, L.P., a Delaware limited partnership, acting by ) Authorised Signatory being [a] person[s] who, in accordance with the laws of that territory, [is OR are] acting under the authority of the partnership ) Authorised Signatory EXECUTED as a deed by MXXXXXX XXXXX in the presence of ) Mxxxxxx Xxxxx Witness: Signature: Name: Address: Occupation:

Senior Creditors. EXECUTED as a deed on behalf of CALM WATERS PARTNERSHIP., a Wisconsin general partnership, acting by ) ) Authorised Signatory being [a] person[s] who, in accordance with the laws of that territory, [is OR are] acting under the authority of the partnership ) Authorised Signatory EXECUTED as a deed on behalf of TIBURON OPPORTUNITY FUND, L.P., a Delaware limited partnership, acting by ) Authorised Signatory being [a] person[s] who, in accordance with the laws of that territory, [is OR are] acting under the authority of the partnership ) Authorised Signatory

Senior Creditors. The term "SENIOR CREDITORS" shall mean, collectively, the Agent and the Lenders.

Senior Creditors. The Company is indebted to the persons identified on Exhibit A hereto as the Senior Creditors (the “Senior Creditors”) in the aggregate principal amount of $4,380,000 pursuant to promissory notes issued by the Company that are currently payable on demand (the “Notes”). By execution hereof, the Senior Creditors hereby agree to convert the principal amount, any accrued but unpaid interest and any and all other obligations owed to them pursuant to the Notes into an aggregate of 6,403,464 shares of Common Stock (“Note Exchange Shares”), to be distributed pro rata amongst the Senior Creditors in accordance with Exhibit C hereto. The Senior Creditors agree to execute and deliver the Conversion and Waiver Agreement in the form of that attached hereto as Exhibit G. The term “Person” or “person” means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

Senior Creditors. 39 3. Bridge Lenders..........................................................................................40 4. Junior Creditor.........................................................................................41 5. Hedging Banks and Hedging Documents.....................................................................42 6. Investors...............................................................................................43 7. Form of Deed of Accession...............................................................................44 8. Calculation of Hedging Debt.............................................................................45 9.

Senior Creditors. The Trustee may assign, novate, transfer or otherwise dispose of all or any of its rights under this Deed to its successors as Trustee only.

Senior Creditors. In any Insolvency Proceeding involving an Obligor, the Subordinated Creditors agree that they shall not contest (or support any other person contesting): (A) any request by Senior Agent or any of the other Senior Creditors for adequate protection (whether in the form of payments, liens, a priority administrative expense claim, or otherwise); (B) any objection by Senior Agent or any of the other Senior Creditors to any motion, relief, action, or proceeding based on Senior Agent, or any of the other Senior Creditors claiming a lack of adequate protection (whether in the form of payments, liens, a priority administrative expense claim, or otherwise); or (C) the payment of interest, fees, expenses, or other amounts to Senior Agent or any other Senior Creditor under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise.