Examples of Transaction Security Documents in a sentence
It is or becomes unlawful for an Obligor to perform any of its obligations under the Note Documents or for Holdco to perform any of its obligations under the Warrant Agreement or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Unless the provisions of any Note Document expressly provide otherwise, the Security Agent may, if authorised by the Super Majority Note Purchasers and with the consent of the relevant Obligor, amend the terms of, waive any of the requirements of, or grant consents under, any of the Transaction Security Documents, any such amendment, waiver or consent being binding on all the parties to the Note Documents.
If the Issuer or a Group Company provides any additional Security for any Secured Obligations, other than Hedging Obligations, the Issuer shall ensure, and shall ensure that such Group Company ensures, that such additional Security is provided to all the Secured Parties on the same terms as the Transaction Security Documents and in accordance with the terms (including ranking) set out in the Senior Finance Documents.
This paragraph (f) shall not apply to any legal or arbitrationproceeding relating to the perfection, preservation or protection of rights underthe Transaction Security Documents or enforcement of the Transaction Security or Transaction Security Documents.
The Bonds shall constitute senior debt obligations of the Issuer and the relevant Obligor, and shall, subject to the terms of the Intercreditor Agreement, be secured on a first priority basis by the Transaction Security Documents, and otherwise rank at least pari passu with the claims of the Obligors’ other unsubordinated creditors, except for obligations which are mandatorily preferred by law.