Examples of FRN Trustee in a sentence
Each Lender hereby absolutely and unconditionally assumes, as primary obligor and not as a surety, and agrees to pay and discharge, and to indemnify and hold the Administrative Agent harmless from liability in respect of, such Lender's pro rata share of the amount of any drawing under a Letter of Credit and payment of any Acceptance Draft.
Each Obligor and the FRN Trustee shall, at the Issuer’s expense, do all such things as are required to implement the Amendment to the Hungarian Security Deposit Deeds or (as the case may be) the Turkish Subsidiary Share Security.
The Security Trustee shall enforce the security conferred by the FRN Security Documents (if then enforceable) in such manner as instructed by the Majority Lenders or (in accordance with this Deed) the FRN Trustee or, in the absence of instructions as it sees fit and, subject as required by applicable law, having first regard to the interests of the Senior Creditors and FRN Creditors, in that order.
Subject to such security having become enforceable, and subject to clause 16.3.3, until the Senior Discharge Date, the Security Trustee shall act, in relation to the security conferred by the FRN Security Documents, in accordance with the instructions of the Majority Lenders (which, subject to clause 16.3.3, shall override any conflicting instructions given by or on behalf of the FRN Trustee).
Each Senior Representative, the Security Trustee, the SSB Note Trustee and the FRN Trustee will, at the Issuer’s expense, co-operate with a view to reflecting the priority of the security conferred by the Security Documents in any register or with any filing or registration authority and in giving notice to insurers and debtors liable for receivables covered by the security conferred by the Security Documents and other persons.
This Clause 9 is intended to afford protection to the SSB Note Trustee and the FRN Trustee only.
Each Original Obligor, HY Note Trustee, FRN Trustee, Subordinated Bridge Trustee and Subordinated Shareholder Creditor waives any objection it may have now or hereafter to the laying of venue of any action or proceedings in any court or jurisdiction referred to in clause 10.1 (Jurisdiction) and any claim it may have now or hereafter that any action or proceedings brought in such courts or jurisdiction has been brought in an inconvenient forum.
With effect from the Accession Date, the FRN Trustee shall become a party to the Restated Intercreditor Deed as FRN Trustee and shall observe, perform and be bound by the terms and provisions of, and be entitled to exercise all the rights set out in, the Restated Intercreditor Deed in the capacity of FRN Trustee.
To the extent allowed by law, the Finance Parties, the HY Note Trustee, the FRN Trustee and the Subordinated Bridge Trustee may take concurrent proceedings in any number of jurisdictions.
The Senior Agent, Security Trustee, HY Note Trustee, FRN Trustee and Subordinated Loan Agent will, at the Issuer’s expense, co-operate with a view to reflecting the priority of the security conferred by the Security Documents in any register or with any filing or registration authority and in giving notice to insurers and debtors liable for receivables covered by the security conferred by the Security Documents and other persons.