Examples of Adequate Protection Obligations in a sentence
All proceeds and payments delivered to the Collateral Trustees pursuant to this paragraph 16 may be applied to the Senior Secured Notes Claim or Adequate Protection Obligations, and in no event shall the Senior Secured Parties be subject to the equitable doctrine of “marshaling” or any other similar doctrine with respect to any such collateral or otherwise.
No holder of a lien shall be entitled to object on the basis of the existence of such lien to the exercise by the Collateral Trustees, the Trustee or the Senior Secured Noteholders of their respective rights and remedies under this Interim Order or other applicable law to effect satisfaction of the Senior Secured Notes Claim or Adequate Protection Obligations or to receive any amounts or remittances due hereunder.
The Senior Secured Parties shall not be required to file proofs of claim with respect to the Senior Secured Notes Claim or Adequate Protection Obligations.