Senior Transaction Documents definition
Examples of Senior Transaction Documents in a sentence
Correspondingly, payment of the indebtedness evidenced by the Note or the Bonds is and shall be subject and subordinate in all respects to the prior payment in full of all amounts due and payable in respect of the Senior Obligations and otherwise under the Senior Transaction Documents.
This Indenture, the Financing Agreement and the other Loan Documents are and at all times shall be subject and subordinate in all respects to the terms, provisions, conditions, covenants, liens and security interests of the Senior Transaction Documents.
The parties to this Indenture acknowledge that the terms of this Indenture are in all respects subject to the Senior Obligations and the Senior Transaction Documents.
This Indenture and the Junior Loan Agreement are and at all times shall be subject and subordinate in all respects to the terms, provisions, conditions, covenants, liens and security interests of the Senior Transaction Documents.
Both before and after giving effect to this Agreement, the other Loan Documents, the Senior Transaction Documents, and the use of proceeds of the Notes contemplated hereby, each Loan Party is, and after consummation of the transactions contemplated by this Agreement will be, Solvent.
Both before and after giving effect to this Agreement, the other Loan Documents, the Senior Transaction Documents, the Parent Merger Documents and the use of proceeds of the Notes contemplated hereby, each Loan Party is, and after consummation of the transactions contemplated by this Agreement will be, Solvent.
The Borrower may convey and transfer the Project only upon strict compliance with the provisions of the Senior Transaction Documents, the Regulatory Agreement and the Junior Loan Documents.
Borrower shall, and shall cause each OpCo Loan Party to, comply with all of its obligations under Article V of the OpCo Senior Transaction Documents.
Company will not permit the Investor, the Company or any of their respective Affiliates, directly or indirectly, to purchase, participate, be assigned or in any way beneficially own any of the Debt arising under any of the Senior Transaction Documents.
Accordingly, the County and the Trustee, and the Owners by their acceptance of the Bonds, expressly subject and subordinate all of their right, title and interest in and to the Revenues or any amounts owing by the Borrower under the Loan Documents or the Bond Documents in all respects to (i) the payment in full of the Senior Obligations, (ii) the lien of the Senior Security Instrument, and (iii) the payment in full of all amounts owed to the under the Senior Transaction Documents.