Examples of Priority Holders in a sentence
The Senior Priority Representative shall act for the Senior Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction of the Requisite Senior Priority Holders from time to time.
The number of securities to be offered for the accounts of the Holders shall be reduced to zero before the number of securities to be offered for the accounts of the Priority Holders is reduced.
In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control as between the First Priority Collateral Trustee, the First Priority Indenture Trustee, the Second Priority Collateral Trustee, the Second Priority Indenture Trustee, and any other Second Priority Holders (as such terms are defined in the Intercreditor Agrement).
The Senior Priority Representative shall act for the Senior Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction of the requisite Senior Priority Holders from time to time.
Each determination of an interest rate by the First Priority Indenture Trustee pursuant to any provision of this First Priority Security or the First Priority Indenture shall be conclusive and binding on the Company and the First Priority Holders in the absence of manifest error.
The Requisite Second Priority Holders may remove the Trustee by so notifying the Company and the Trustee in writing and may appoint a successor trustee with the Company’s consent.
The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Second Priority Holders and shall otherwise comply with TIA § 312(a).
This First Priority Security is subject to all of the terms of the First Priority Indenture, and First Priority Holders of First Priority Securities are referred to the First Priority Indenture for a statement of such terms.
If and so long as an Enforcement Period is in effect, the Collateral Trustee shall, subject to the provisions of subsection 3.5(b), exercise the rights and powers vested in it by this Trust Agreement, the Second Priority Guarantees and the Second Priority Security Documents, and shall not be liable with respect to any action taken by it, or omitted to be taken by it, in accordance with the direction of the Requisite Second Priority Holders.
The Trustee may deliver to the Second Priority Holders copies of any notices, reports, opinions, certificates, or other documents delivered to the Trustee by the Collateral Trustee under the Second Priority Collateral Trust Agreement.