Examples of Pari Passu Debt Representative in a sentence
Any such amendment shall not require the consent of any Creditor save as provided for in such Clauses and shall be effective and binding on all Parties upon the execution thereof by the Debtors, each High Yield Representative, each Senior Secured Notes Trustee, each Pari Passu Debt Representative, the Senior Agent, each Second Lien Representative and the Security Agent (as applicable).
No person shall become a Senior Agent, Second Lien Agent, Senior Secured Notes Trustee, Pari Passu Debt Representative, Second Lien Notes Trustee, High Yield Agent, High Yield Notes Trustee, Unsecured Agent or Unsecured Notes Trustee unless at the same time, it accedes to this Agreement in such capacity pursuant to Clause 23.13 (Creditor Accession Undertaking).
No Senior Unsecured Notes payment stop notice may be served by the Senior Agent, the Pari Passu Debt Representative or the Senior Secured Notes Trustee in respect of a Senior Secured Event of Default which had been notified to the Senior Agent, the Pari Passu Debt Representative or the Senior Secured Notes Trustee at the time at which an earlier Senior Unsecured Notes payment stop notice was issued.
If a Non-Employee Director does not stand for re-election at an annual meeting at the request of the Company (other than a request made following a breach by the Non-Employee Director of the Company’s Code of Conduct or Corporate Governance Principles), the vesting of all of the Common Stock Equivalents held by the Non-Employee Director will be accelerated to the date of the annual meeting at which the Non-Employee Director does not stand for re-election.
Subject to the immediately preceding paragraph, this shall not affect the right of the Senior Agent, the Pari Passu Debt Representative or the Senior Secured Notes Trustee to issue a Senior Unsecured Notes payment stop notice in respect of any other event or set of circumstances.
Thereafter, the regular provision of materials and equipment will be the responsibility of the respective Finance Department of NWFP and AJK and the districtgovernments in NWFP.
If the Collateral Agent at any time receives written notice from the Directing Pari Passu Debt Representative that any Triggering Event has occurred entitling the Collateral Agent to foreclose upon, collect or otherwise enforce its Liens on the Collateral under any Pari Passu Security Document, the Collateral Agent will promptly deliver written notice thereof to each Pari Passu Debt Representative.
Except as otherwise provided in this Agreement, the Term Loan Collateral Agent and the Term Loan Claimholders and the Additional Pari Passu Debt Representative and the Additional Pari Passu Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Term Loan Credit Documents and the applicable Additional Pari Passu Credit Documents in accordance with law and such documents, as they may, in their sole discretion, deem appropriate.
This Agreement shall be binding upon the Revolving Credit Facility Collateral Agent, the Revolving Credit Facility Administrative Agent, the Revolving Credit Claimholders, the Term Loan Collateral Agent, the Term Loan Administrative Agent, the Term Loan Claimholders, each Additional Pari Passu Debt Representative, the Additional Pari Passu Claimholders and their respective successors and assigns.
Option to Purchase: Senior Secured Noteholders and Pari Passu CreditorsThe Senior Secured Notes Trustee and the Pari Passu Debt Representative may, after an Acceleration Event in respect of the Secured Liabilities or any enforcement of Collateral, by giving not less than 10 days’ notice to the Credit Facility Agent, and if appropriate the Hedge Counterparties, require the transfer to them (or to a nominee or nominees), of all, but not part, of the Credit Facility Lenders and Hedge Counterparties.