Junior Recoveries definition
Junior Recoveries means the aggregate of all moneys and other assets received or recovered (whether by way of payment, repayment, prepayment, distribution, redemption, purchase or defeasance, in cash or in kind, or the exercise of any set-off or otherwise) from time to time by any Junior Finance Party under or in connection with any Junior Debt.
Examples of Junior Recoveries in a sentence
No Subordinated Creditor may assign any of its rights or transfer any of its rights or obligations under, or declare or create any trust of any of its rights, title, interest or benefits under, this Agreement or (save for any transfer of any Junior Debt or Junior Recoveries owed to it to another Subordinated Creditor) any Junior Finance Document (including any Junior Recoveries owing to it) to, or in favour of, any person except with the prior consent of the Agent.