Examples of Senior Secured Creditors in a sentence
Without prejudice to the generality of the preceding sentence, if the provisions of this Clause 15 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of revised Senior Secured Exposures and the relevant Senior Secured Creditors shall make appropriate adjustment payments among themselves.
Nothing in this Lenders’ Remedies Agreement will be construed as creating a partnership or as constituting the Senior Secured Creditors, the Collateral Agent, the Appointed Representative, any other Senior Secured Creditors’ Representative or a Suitable Substitute Operations Co as an agent of the Authority.
All of the obligations and liabilities given, undertaken or arising on the part of the Authority under this Lenders’ Remedies Agreement are given solely to the Collateral Agent on behalf of the Senior Secured Creditors and do not confer any rights on or in favor of Project Co, any Affiliate of Project Co, Operations Co, any Affiliate of Operations Co or any other Person.
Except as specifically provided for in this Lenders’ Remedies Agreement, the Authority has no obligations (whether express, implied, collateral or otherwise) to the Collateral Agent or the Senior Secured Creditors in connection with this Lenders’ Remedies Agreement, the Project Agreement, the Project Implementation Agreement or the Project.
The Authority acknowledges notice of, and consents to, the security interest granted by Project Co in favor of the Senior Secured Creditors under the Senior Financing Agreements over Project Co’s rights under the Project Implementation Agreement and all other Project Documents to which Project Co is a party, Project Co’s assets and Project Co’s rights to Insurance Proceeds and Insurance Receivables.