Bridge Obligations definition
Examples of Bridge Obligations in a sentence
After all Senior Indebtedness of the Borrower is paid in full and until the Bridge Obligations are paid in full, Lenders shall be subrogated to the rights of holders of Senior Indebtedness to receive distributions applicable to such Senior Indebtedness.
In order to further perfect and protect the Liens on the Collateral granted to Infogrames U.S. pursuant to this Agreement to secure the Bridge Obligations, Infogrames U.S. hereby authorizes and appoints the Administrative Agent to hold on Infogrames U.S.'s behalf and as its agent all Collateral granted hereunder for purposes of possession and control under the UCC or other applicable law and to act on its behalf as otherwise set forth herein.
Nothing in this Article 8 shall have any effect on the right of the Lenders or the Administrative Agent to accelerate the maturity of the Loans or other Bridge Obligations.
The provisions of this Section 10.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Bridge Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of any Agent or any Lender.
The Bridge Obligations shall in all respects rank pari passu with all other Senior Subordinated Indebtedness of the Borrower and shall rank senior to all existing and future Subordinated Indebtedness of the Borrower; and only Indebtedness of the Borrower that is Senior Indebtedness of the Borrower shall rank senior to the Subordinated Bridge Payments of the Borrower in accordance with the provisions set forth herein.