Examples of Senior Credit Agreements in a sentence
Any such amounts received by the Senior Creditors shall be applied (subject to applicable law) to the payment of the Senior Obligations then payable (or in respect of which proofs of claim have been filed in any applicable proceeding) in accordance with the terms of the Senior Credit Agreements.
Repayment of the principal amount of and accrued interest on all Partner Loans and Default Loans shall be subordinated to the repayment of the principal of and accrued interest on any indebtedness of the Partnership to third party lenders to the extent required by the applicable provisions of the instruments creating such indebtedness to third party lenders ("Senior Credit Agreements").
Subject to the terms of applicable Senior Credit Agreements, Partner Loans shall be repaid to the Partners at such times as the Partnership has sufficient funds to permit such repayment without jeopardizing the Partnership's ability to meet its other obligations on a timely basis.
By acceptance of this Debenture the Holder acknowledges and agrees that the Lenders have relied upon the subordination provided for herein in entering into the Senior Credit Agreements and in making funds available to the Borrower thereunder, and that other Senior Creditors will rely upon the subordination provided for herein in extending credit to, or accepting the obligations or liabilities of, the Borrower and its subsidiaries.
Notwithstanding anything to the contrary, for the avoidance of doubt, the grant of a security interest in any accounts receivable of Parent or any of its Restricted Subsidiaries (other than a Securitization Entity) to secure Indebtedness or other obligations under the Senior Credit Agreements shall not be deemed a Qualified Securitization Transaction.