Senior Parties definition

Senior Parties means the Agent and the Lenders;

Senior Parties collectively, the Secured Parties, solely with respect to the Senior Obligations.

Senior Parties means each agent, trustee or other representative in respect of Unsecured Note Indebtedness or DDTL Indebtedness.

Examples of Senior Parties in a sentence

• For purposes of this Agreement, the Senior Debt shall be considered to be paid in full when no further amounts are owing to the Senior Parties and all obligations of the parties under the Credit Agreement and each other Credit Document have been terminated.

• This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of the parties hereto and the successors and assigns of the Senior Parties.

• The Subordinate Parties hereby waive any right that they may have to require the Senior Parties to marshal in its favour.

• The Senior Parties shall be entitled to deal with the Senior Security as they see fit and nothing herein shall prevent, restrict or limit the Agent or the Lenders in any manner from exercising all or any part of their rights and remedies otherwise permitted by applicable law upon any default under the Senior Security.

• If any amount shall be paid to any Subordinate Party in violation of the preceding sentence and the Senior Debt shall not have been paid in cash in full, such amount shall be deemed to have been paid to such Subordinate Party for the benefit of, and held in trust for the Senior Parties, and shall forthwith be paid to the Agent to be credited and applied against the Senior Debt, whether matured or unmatured.

More Definitions of Senior Parties

Senior Parties means the holders from time to time of the Senior Debt, including any transferee or assignee of any such holder.

Senior Parties shall be deemed to refer to the New Lender or any agent or trustee for the New Lender, (y) the term "Financing Documents" shall be deemed to refer to the credit agreement, indenture or other instrument providing for the new credit facilities and (z) the term "Security Documents" shall be deemed to refer to the security agreements under which the Assigned Agreement is assigned as collateral to secure performance of the obligations of the Partnership under the new credit facilities.

Senior Parties has the meaning specified in the Collateral Agency Agreement.

Senior Parties means, collectively, the Trustee, the Collateral Agent, the Depositary Bank and any working capital provider and each successor to any of such Persons.

Senior Parties has the meaning assigned to such term in the Collateral Agency Agreement.

Senior Parties means (a) prior to the Joinder Date, the Trustee and the Holders, and (b) on and after the Joinder Date, the Trustee, the Holders, the Administrative Agent and the Lenders. Accordingly, each Agent (on behalf of its Relevant Subordinated Parties (as defined below)), the Company, the Guarantor, the Trustee, on behalf of the Holders (and each of their respective successors or assigns), and, on and after the Joinder Date, the Administrative Agent, on behalf of the Lenders (and each of their respective successors or assigns), hereby agrees as follows:

Senior Parties means the Persons that have extended, or that are obliged to extend, credit to the Issuer pursuant to the Senior Debt Agreements and any agent, trustee or similar representative of any such persons appointed pursuant to any Senior Debt Agreement, including the Trustee.