Examples of Senior Event of Default in a sentence
Nothing contained herein shall prohibit Mezzanine Lender from making Protective Advances (and adding the amount thereof to the principal balance of the Mezzanine Loan) notwithstanding the existence of a Senior Event of Default.
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Any failure to make a Payment due under the Junior Financing Documents as a result of a Senior Default or Senior Event of Default having occurred and being continuing, shall not prevent the occurrence of an Event of Default as a consequence of that failure to make a Payment in relation to the Junior Financing Documents.
The Intercreditor Deed defines a Senior Event of Default as an event of default under a Senior Finance Document.
Senior Lender shall, within three Business Days after its knowledge of such occurrence, (i) provide a copy to Subordinated Lender of any Payment Blockage Notice, (ii) give written notice of the occurrence of a Senior Event of Default and (iii) give written notice to Subordinated Lender of the expiration of any payment blockage effected pursuant to Section 7.