Combined Security Documents definition
Examples of Combined Security Documents in a sentence
The Junior Creditor, the Securities Creditors and the Obligors will not under any circumstances be subrogated to or be entitled to exercise any of the rights of the Senior Creditors, Hedging Banks or Note Creditors or exercise or enforce any security arising under any of the Combined Security Documents.
If there is any conflict between the provisions of this Agreement and any Combined Security Documents with regard to instructions to or other matters affecting the Security Agent, this Agreement will prevail.
The Security Agent's duties under this Agreement and/or the Combined Security Documents and/or the Collateral Ranking Agreement are of a mechanical and administrative nature.
The Parties agree that the order of application set out in Clause 11.1 above shall, in addition to the proceeds and other amounts referred to in Clause 11.1 above, apply, unless otherwise provided in this Agreement, to all amounts received by the Security Agent under any of the Finance Documents after the attainment of the Designated Rating by the Company or any Parent and the release of the Combined Security Documents in accordance with paragraph 10(b) (Release of Security) of Schedule 7.
Without limiting the previous sentence each Obligor agrees to paragraph 11 (Conflict with Combined Security Documents) of Schedule 7.