Examples of Senior Commitments in a sentence
Any cancellation under this Clause 8.6 shall reduce the Senior Commitments of the Senior Lenders rateably under the Senior Facility.
The Borrower shall pay a Voluntary Cancellation Fee to the Senior Lenders in respect of any cancellation of the Senior Commitments in accordance with Clause 8.6 (Voluntary Cancellation) pro rata to each Senior Lender in accordance with their respective cancelled Senior Commitments on the Payment Date immediately after the date on which those Senior Commitments are cancelled, in accordance with the Priorities of Payment.
The sum of (i) any remaining OpCo Senior Commitments which are in full force and effective plus (ii) all outstanding OpCo Senior Loans equals an amount not less than $300,000,000.
Upon any such notice of resignation or any such removal, Requisite Lenders (or, after all Senior Obligations (other than contingent obligations) shall have been Indefeasibly Paid and all Senior Commitments cancelled, Requisite Class Lenders having Holdings Term Loan Exposure) shall have the 123 right, upon five Business Days' notice to Company, to appoint a successor Administrative Agent.
The agreements contained in this Section 2.15 shall constitute a continuing agreement of subordination with respect to the Tranche C Obligations, and shall remain in effect until indefeasible payment in full in cash or other satisfaction of the Senior Obligations to the satisfaction of the Senior Credit Parties and termination of the Senior Commitments.
Notwithstanding the foregoing, except in connection with the payment of all Holdings Obligations on the Holdings Term Loan Maturity Date pursuant to and in accordance with the limitations in Section 8.2, no payment may be made to any Holdings Term Loan Lender pursuant to this Section 2.19 until all Senior Obligations (other than contingent obligations) shall have been Indefeasibly Paid in full and all Senior Commitments cancelled.
Regardless of the due date of any of the Tranche C Obligations and except as permitted by this Section 2.15, each of the Tranche C Lenders hereby expressly waives any and all rights to payment by the Borrower of the Tranche C Obligations prior to repayment in full in cash or other satisfaction of the Senior Obligations to the satisfaction of the Senior Credit Parties and termination of the Senior Commitments.
Upon indefeasible payment in full in cash of all Senior Indebtedness and termination of all Senior Commitments, any remaining proceeds of Collateral shall be delivered to the Trustee for application to the Junior Indebtedness in accordance with the Junior Credit Documents, except as otherwise required pursuant to applicable law.
The main idea is defining a new damage internal variable which describes the evolution of microcracks and microvoids and their influence on the behaviour of the material.
In the event all Senior Indebtedness shall have been indefeasibly paid in full in cash and all Senior Commitments shall have been terminated pursuant to the respective terms and provisions thereof, Agent shall deliver to Trustee all Collateral remaining in Agent’s possession.