Examples of HY Note Trustee in a sentence
With respect to the HY Creditors, the HY Note Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in the HY Finance Documents pursuant to which it acts as trustee and this Deed and no implied agreement covenants or obligations with respect to the other Creditors shall be read into this Deed against the HY Note Trustee.
Each Obligor and the HY Note 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 HY Security Documents (if then enforceable) in such manner as instructed by the Majority Lenders or (in accordance with this Deed) the HY Note 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 HY Creditors, in that order.
Subject to such security having become enforceable, and subject to clause 16.2.3, until the Senior Discharge Date, the Security Trustee shall act, in relation to the security conferred by the HY Security Documents, in accordance with the instructions of the Majority Lenders (which, subject to clause 16.2.3, shall override any conflicting instructions given by or on behalf of the HY Note Trustee).
This clause 9.1 is for the benefit of the Finance Parties, the HY Note Trustee and the FRN Trustee only.
Each Senior Creditor, the HY Note Trustee (on behalf of the HY Creditors), the FRN Trustee (on behalf of the FRN Creditors), the Subordinated Loan Agent (on behalf of the Subordinated Loan Creditors) and, where necessary, each Obligor, will execute promptly such releases as the Security Trustee may reasonably require to give effect to clause 16.9.1 above.
Any such instructions shall be binding on all the Senior Finance Parties, all the Hedge Counterparties, the HY Creditors, the FRN Creditors, the HY Note Trustee and the FRN Trustee.
As a result, no Senior Finance Party, the HY Note Trustee, the FRN Trustee or the Subordinated Bridge Trustee shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction.
This clause 33.1 ( Jurisdiction) is for the benefit of the Senior Finance Parties, the HY Note Trustee, the FRN Trustee and the Subordinated Loan Agent only.
To the extent allowed by law, the Finance Parties, the HY Note Trustee, the FRN Note Trustee, the Subordinated Bridge Lenders, the Subordinated Bridge Trustee, the Subordinated Loan Agent and the Original Subordinated Loan Lenders may take concurrent proceedings in any number of jurisdictions.