Examples of Bridge Security Documents in a sentence
Notwithstanding anything to the contrary contained in this Section 17, each such assignee or transferee, upon becoming the Holder hereunder, acknowledges that it is bound by the terms and conditions of Section 5.12 of the Bridge Security Agreement and agrees to, promptly upon the request of the Collateral Agent, deliver to Collateral Agent a written Joinder to the Bridge Security Agreement and other Bridge Security Documents.
Subject to such security having become enforceable, and subject to clause 16.4.3 below, until the Senior Discharge Date, the Security Trustee shall act, in relation to the security conferred by the Subordinated Bridge Security Documents, in accordance with the instructions of the Majority Lenders (which, subject to clause 16.4.4, shall override any conflicting instructions given by or on behalf of the Subordinated Bridge Trustee).
The HY Security Documents, the FRN Security Documents and the Subordinated Bridge Security Documents rank pari passu with each other.
The Security Trustee shall enforce the security conferred by the Subordinated Bridge Security Documents (if then enforceable) in such manner as instructed by the Majority Lenders or (in accordance with this Deed) the Subordinated Bridge Trustee or, in the absence of instructions as it sees fit and, subject as required by applicable law, having first regard to the interests of the Senior Creditors and Subordinated Bridge Creditors, in that order.
The Majority Lenders or the Subordinated Bridge Trustee may give or refrain from giving instructions to the Security Trustee to enforce or refrain from enforcing the security conferred by the Subordinated Bridge Security Documents (in the case of the Subordinated Bridge Trustee, solely to the extent permitted by clauses 15.1 ( Restrictions on HY Creditor, FRN Creditor and Subordinated Bridge Creditor Enforcement Action) and clause 16.4.3).
Subject to the provisions of this clause 16 ( Enforcement of Security), no Senior Creditor nor Subordinated Bridge Creditor shall be responsible to any Subordinated Shareholder Creditor or Obligor for any failure or delay to enforce or maximise the proceeds of any enforcement of the Subordinated Bridge Security Documents (except to the extent arising from such person’s gross negligence or wilful default).
An Event of Default (other than a Covered Vendor Facility Default) shall occur under the Financing Agreements or the Security Documents or a Bridge Event of Default (other than a Covered Bridge Default) shall occur under the Bridge Financing Agreements or the Bridge Security Documents.
To the extent permitted by law, the Company hereby waives demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note, the Bridge Security Documents, the Securities Purchase Agreement and the other Transaction Documents.
In addition to any remedy the Holder may have under this Note, the Bridge Security Documents and the other Transaction Documents, such unpaid amounts shall bear interest at the Default Rate.
Each of the parties hereto acknowledges that certain of the registrations made at various Personal Property Registries have been made with collateral descriptions which are broader than the actual collateral held by the First Lien Bridge Agent, the Second Lien Bridge Agent and the Loan Agent under the Bridge Security Documents and the Loan Agreement Security Documents.