First Priority Holder definition
Examples of First Priority Holder in a sentence
Each Second Priority Agent, on behalf of itself and each applicable Second Priority Holder, acknowledges that it and the applicable Second Priority Holders are not entitled to rely on any credit decision or other decisions made by any First Priority Agent or any First Priority Holder in taking or not taking any action under the applicable Second Priority Document or this Agreement.
Upon the request of any First Priority Holder, the First Priority Indenture Trustee shall deliver such information to such First Priority Holder.
The First Priority Indenture Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each First Priority Holder at his address as it appears in the First Priority Security register not less than ten (10) days prior to such Special Record Date.
If a Default or Event of Default occurs and is continuing and if it is actually known to a Trust Officer of the First Priority Indenture Trustee, then the First Priority Indenture Trustee shall mail to each First Priority Holder notice of the Default or Event of Default within ninety (90) days after such Default or Event of Default first becomes actually known to a Trust Officer of the First Priority Indenture Trustee.
If the First Priority Holder of a beneficial interest in the International Global First Priority Security wishes at any time to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Domestic Global First Priority Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 2.6(g)(2).
No service charge will be made for any registration of transfer or exchange of the First Priority Securities, but the Company may require a First Priority Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes or other governmental charge payable in connection therewith.
If an amendment, supplement, supplemental indenture, or waiver changes the terms of any First Priority Security, the First Priority Indenture Trustee may require the First Priority Holder of such First Priority Security to deliver it to the First Priority Indenture Trustee or require the First Priority Holder to put an appropriate notation on the First Priority Security.
The Company shall also in any event within fifteen (15) days of each filing described under (i), (ii) and (iii) above, furnish at its sole expense to each First Priority Holder and the First Priority Indenture Trustee such documents.
The First Priority Indenture Trustee may place an appropriate notation on the First Priority Security regarding the changed terms, and the First Priority Indenture Trustee, whether or not such a notation is made, shall return the First Priority Security to the First Priority Holder.
No First Priority Agent or First Priority Holder shall have any duty to any Second Priority Agent or any Second Priority Holder to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreements with New Pyxus Topco or any Subsidiary (including the Second Priority Documents), regardless of any knowledge thereof that they may have or be charged with.