Borrower Secured Creditors definition

Borrower Secured Creditors means the Issuer, the Borrower Security Trustee, the Operator, the Property Manager, the Group Account Banks, the Borrower Cash Manager, any receiver appointed under the Borrower Security Documents and any other creditor who is designated a Borrower Secured Creditor pursuant to the Borrower Debenture.
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Examples of Borrower Secured Creditors in a sentence

  • The Borrower Secured Creditors hereby authorise the Borrower Security Trustee to execute each Accession Memorandum (without liability therefor) and agree to be bound by the terms of each such Accession Memorandum.

  • Following receipt of a notice in writing of the occurrence of a Trigger Event from an Obligor (or the Security Group Agent on its behalf), the Borrower Security Trustee shall notify the Secured Creditor Representatives of the Borrower Secured Creditors of the occurrence of such Trigger Event.

  • The Borrower Security Trustee will have the right (on the instructions of Qualifying Borrower Secured Creditors holding at least 10 per cent.

  • The claims of (i) Borrower Secured Creditors to the extent that they are secured pursuant to the Security Agreement and (ii) the Issuer pursuant to the Obligor Floating Charge Agreement against each Obligor will rank (subject to the Reservations), prior to the claims of all its other unsecured and unsubordinated creditors.

  • In providing its consent or making a determination hereunder the Borrower Security Trustee shall take instructions from the Borrower Secured Creditors to the extent required or permitted and in each case in the manner set out in the STID.

  • Votes cast in favour and votes cast against will then be aggregated by the Borrower Security Trustee with the votes cast for and against by the other Qualifying Borrower Secured Creditors.

  • Each of the Borrower Secured Creditors appoints its Secured Creditor Representative named in this Deed or in any Accession Memorandum to act as its representative in the exercise of all rights of the Borrower Secured Creditors represented by such Secured Creditor Representative under the Common Documents.

  • Any notice to be given to a Borrower Secured Creditor or delivered by a Borrower Secured Creditor hereunder will be given to or delivered by the relevant Secured Creditor Representative on behalf of the relevant Borrower Secured Creditor(s) and each Secured Creditor Representative will cast all votes on behalf of the Borrower Secured Creditor or Borrower Secured Creditors represented by it.

  • Each Borrower Secured Creditor agrees and each of the Obligors and the Borrower Security Trustee acknowledges that each Borrower Secured Creditor's claims will rank according to the relevant Borrower Post-Enforcement Priorities of Payments following the delivery of a Loan Enforcement Notice.

  • Secured Creditor), the Borrower Security Trustee must give notice to the existing Borrower Secured Creditors (through their Secured Creditor Representatives) and the Obligors of a duly completed and executed Accession Memorandum in respect of a proposed Additional Borrower Secured Creditor.