Examples of Senior Liabilities in a sentence
Ancillary Lenders and Issuing Banks), so long as any of the Senior Liabilities or Super Senior Liabilities (other than any Liabilities owed to the Ancillary Lenders, Issuing Banks or the Cash Management Facility Lenders) are or may be outstanding, neither the Ancillary Lenders, the Issuing Banks nor the Cash Management Facility Creditors shall be entitled to take any Enforcement Action in respect of any of the Liabilities owed to it.
Pari Passu Creditors) and if, for any reason, a Super Senior Hedge Transfer cannot be made in accordance with Clause 4.9 (Super Senior Hedge Transfer: Pari Passu Creditors), no Super Senior Liabilities Transfer may be required to be made.
Subject to Clause 3.8 (Permitted Enforcement: Ancillary Lenders and Issuing Banks), so long as any of the Super Senior Liabilities (other than any Liabilities owed to the Ancillary Lenders or Issuing Banks) are or may be outstanding, neither the Ancillary Lenders nor the Issuing Banks shall be entitled to take any Enforcement Action in respect of any of the Liabilities owed to it.
The provisions of this Clause 3 insofar as they relate to Issuing Banks and Ancillary Lenders shall only apply to restrict or, as the case may be, permit the actions of any Issuing Bank or Ancillary Lender where the underlying Liabilities owed to that Issuing Bank or Ancillary Lender are Super Senior Liabilities.