Senior Secured Note Indenture Clause Samples
A Senior Secured Note Indenture is a legal agreement that governs the terms and conditions of senior secured notes issued by a company. It outlines the rights and obligations of both the issuer and the noteholders, including payment schedules, interest rates, collateral securing the notes, and procedures in case of default. For example, the indenture may specify which company assets are pledged as security and detail the process for enforcing claims if the issuer fails to meet its obligations. The core function of this clause is to provide a clear, enforceable framework that protects noteholders by ensuring their claims are prioritized and secured by specific assets, thereby reducing their risk in the event of the issuer's financial distress.
Senior Secured Note Indenture. On November 5, 2009, ▇▇▇▇▇▇▇▇ Group Escrow LLC, ▇▇▇▇▇▇▇▇ Group DL Escrow Inc. and The Bank of New York Mellon, acting in its capacity as trustee, principal paying agent, transfer agent and collateral agent, entered into the Senior Secured Note Indenture (as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time, the “Senior Secured Note Indenture”).
Senior Secured Note Indenture. (a) This Agreement and the other Credit Documents constitute part of the "Credit Agreement" and "First Priority Lien Obligations" for purposes of (and as defined in) the Senior Secured Note Indenture.
Senior Secured Note Indenture. Notwithstanding anything in this Agreement to the contrary, in the event that any Event of Default (as defined in the Credit Agreement) under Sections 8.01(a) through (e) or (g) through (k) of the Credit Agreement (but not following the occurrence of any other Event of Default) shall have occurred and so long as the Senior Notes are outstanding and are not then due and payable, no Holder shall take any action hereunder that would result in the occurrence of an “Event of Default” (as that term is defined in the Senior Secured Note Indenture) pursuant to any of Sections 6.01(e), (f) (as to ORBIMAGE SI Opco Inc. or any of its Subsidiaries only) or (g) of the Senior Secured Note Indenture.
Senior Secured Note Indenture. THIS INDENTURE is made as of the 4th day of March, 2008,
Senior Secured Note Indenture. The definition of “Senior Secured Note Indenture” set forth in Section 1.135 of the Loan Agreement is hereby amended by deleting the reference to “Parent” and replacing it with “Holdings”.
Senior Secured Note Indenture. No member of the Barneys Group shall amend, modify or otherwise change any of the terms or provisions of the Noteholder Security Documents, the Senior Secured Note Indenture, or the Senior Secured Notes which would be adverse to the interests of the Borrowers, the Administrative Agent or the Lenders or make such document inconsistent in any material respect with the comparable provisions of any Loan Document."
19. Article 9 of the Credit Agreement is hereby amended as of the Restated Credit Agreement Effective Date by inserting the following new Section 9.25 in the appropriate order: