Examples of Senior Facility Documents in a sentence
True, correct and complete copies of the material Senior Facility Documents in effect as of the date hereof have been delivered to the Lender.
Subject to the conditions set forth in the Senior Facility Documents, Borrowers may make quarterly distributions in amounts equal to the Tax liabilities of its direct owners (or the ultimate owner(s) of a direct owner if such direct owner is a pass-through entity) attributable to items of income or gain incurred or realized by the applicable Borrower.
The Super Senior Facility Agent shall promptly notify the Bonds Agent and any New Senior Creditors of the occurrence of the Final Discharge Date under the Super Senior Facility Documents or Hedging Agreements.
Upon the occurrence and during the continuance of a Senior Event of Default (and subject to the provisions of the Senior Facility Documents), the Senior Representative and the other Senior Secured Parties may take and continue any Enforcement Action with respect to the Senior Priority Collateral in such order and manner as they may determine in their sole discretion.
The use of this type of facility is not considered to be self‐service.