Examples of Junior Indenture in a sentence
The BNE Trustee then proposed to pay claims on the Junior Indentures in the next distribution to the Junior Indenture Trustees.
A copy of each notice sent by or to the Owner shall also be sent to the manager of the Project at such address as provided by the Owner to the Administrator at such address as set forth in the Senior Funding Loan Agreement and the Junior Indenture; but such copies shall not constitute a notice to the Owner, nor shall any failure to send such copies constitute a breach of this Regulatory Agreement or a failure of or defect in notice to the Owner.
The Senior Indenture Trustee objected, arguing that holders of the Senior Indentures were first entitled to the payment of post-petition interest, resulting in this litigation.The Bankruptcy Court ruled in favor of the Junior Indenture Trustees.
After the date on which no Senior Issuer Notes and the Junior Bonds remain Outstanding, as provided in the Senior Funding Loan Agreement and the Junior Indenture, the Fiscal Agent/Trustee shall no longer have any rights, duties or responsibilities under this Regulatory Agreement and all references to the Fiscal Agent/Trustee in this Regulatory Agreement shall be deemed references to the Issuer.
That being so, the Senior Trustee has not satisfied me that it is entitled to a dividend from the estate otherwise payable to the Junior Indenture holders.