Senior Debentures Security definition
Senior Debentures Security means the present or future Permitted Liens held by the Senior Debenture holders to secure the obligations of the Company under or in respect of the Senior Secured Debentures, the Documents (as defined in the Senior Secured Debentures) and the Securities Purchase Agreement and including any guarantees thereof."
Examples of Senior Debentures Security in a sentence
Neither the Trustee nor the Agent shall have any duty or responsibility to any Person with respect to the disclosure of any information concerning the Senior Secured Debentures and the Senior Debentures Security to any Holder or Beneficial Holder.
The Inter-Creditor Agreement sets out the circumstances and periods of time within which such rights may be exercised and in which they expire, the basis of the calculation of the purchase price to be paid for the Senior Secured Debentures and the Senior Debentures Security (the "Purchase Event Price").