Examples of Senior Finance Parties in a sentence
The Facility Agent shall notify the Authority as soon as reasonably practicable but in any event within 2 Business Days after all claims arising from the Accrued Rights are settled or written off by the Senior Finance Parties, or become exhausted.
Where following the Termination Date: the Secured Finance Parties do not have any Accrued Rights in respect of the Relevant Sub-Contractor; all claims which may arise from any Accrued Rights in respect of the Relevant Sub-Contractor have been settled or written off by the Senior Finance Parties or become exhausted; or the Facility Agent fails to comply with paragraph 10.14; the Authority may exercise its rights under the relevant Collateral Warranty without restriction.
The Facility Agent shall notify the Authority as soon as claims arising from the Accrued rights are settled or written off by the Senior Finance Parties, or become exhausted.
Unless a contrary indication appears in this Agreement, no Subordinated Borrower shall have any rights under this Agreement and none of the undertakings by the Senior Finance Parties in this Agreement are given (or deemed to be given) to or for the benefit of any Subordinated Borrower.