Examples of Senior Secured Facilities in a sentence
In the event any purchase or redemption is prohibited, we may seek to obtain waivers from the required lenders under our Senior Secured Facilities to permit the required repurchase or redemption, but the required lenders have no obligation to grant, and may refuse to grant, such a waiver.
Because our German subsidiaries are also guarantors of all obligations under the Senior Secured Facilities and the Existing Notes and will also owe other obligations, we cannot assure you that the excess of the net worth of each German subsidiary over its stated share capital will be adequate to cover any or all of the amounts outstanding under any guarantee provided by the relevant German subsidiary.
The terms of the credit agreement governing our Senior Secured Facilities limit our right to purchase or redeem certain indebtedness.
In addition, the First/First-and-a-Half Lien Intercreditor Agreement provides that, so long as the Senior Secured Facilities is in effect, the lenders under the Senior Secured Facilities may change, waive, modify or vary the security documents without the consent of the holders of the PIK Notes, provided that any such change, waiver or modification does not materially adversely affect the rights of the holders of the PIK Notes and not the other secured creditors in a like or similar manner.
The lenders under the Senior Secured Facilities may cause the collateral agent for such facility to dispose of, release or foreclose on, or take other actions with respect to, the collateral with which holders of the PIK Notes may disagree or that may be contrary to the interests of holders of the PIK Notes.