Examples of Senior Secured Lenders in a sentence
Notwithstanding the foregoing, amounts secured by the Project Financing Lien(s) may be for amounts up to eighty percent (80%) of the total cost of the Project (as reasonably documented to Buyer) if the entire eighty percent (80%) is granted to the Senior Secured Lenders and eighty percent (80%) of the total cost of the Project is being financed by such Senior Secured Lenders.
Notwithstanding anything contained in this Agreement to the contrary, any rights of the Creditors or any obligations of the Fund contained in this Agreement or in any Subject Obligations shall be subject to the rights of the Senior Secured Lenders and the obligations of the Fund under the Senior Secured Credit Obligations, including the Fund’s right, following a Project Loan Default, to foreclose on the Fund’s security interest in the applicable Project Loan and to thereafter manage such Project Loan.
The vote of the Senior Secured Lenders on the Plan shall be deemed to be a direction to the administrative agent under the Senior Secured Credit Agreement to direct the security agent under the Intercreditor Agreement to effectuate the transactions contemplated in Section 5.4 hereof and to instruct the collateral agent under the Senior Secured Credit Agreement to effectuate the transactions contemplated under the Lender Litigation Settlement.
Xxxxxxxxxx, and (vi) counsel for the Senior Secured Lenders, Xxxxxxxxxx, Xxxxxxxxx, Houston & Xxxxx, P.C., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attn: Xxxxxx X.
Project Borrower, a reasonable plan for paying all carry costs, including, without limitation, all interest, protective advances, and other costs incurred or owed to the Creditors or the Senior Secured Lenders during the cure period.