Examples of Indefeasibly Paid in a sentence
The provisions of this Section 12 shall survive any termination of this Agreement and remain in full force and effect for a period of 91 days after the Senior Debt has been Indefeasibly Paid and the Commitments have been terminated.
Lender shall have the rights contained in this Section 9 at all times until the Indebtedness has been Indefeasibly Paid.
Until all Senior Debt shall have been Indefeasibly Paid and the Commitments terminated, without the consent of the Agent and the holders of all of the Senior Debt, no holder of any Junior Debt shall, directly or indirectly, agree to subordinate such Junior Debt to any indebtedness, obligations or liabilities other than the Senior Debt.
All Senior Claims shall first be Indefeasibly Paid, or such payment shall have been provided for in a manner satisfactory to the holders of the Senior Claims, before any payment of any kind or character from any source may be made by or on behalf of the Company (whether directly or indirectly, by set-off, redemption, purchase or in any other manner) on account of any Junior Claim.
Until the Senior Debt is Indefeasibly Paid and all commitments to lend under the Senior Debt Documents shall be terminated, no Subordinated Creditor shall, without the prior written consent of Agent, take any Enforcement Action with respect to the Subordinated Debt.