Examples of Credit Facility Debt in a sentence
The Credit Facility Debt shall continue to be treated as Credit Facility Debt and the provisions of this Article XI shall continue to govern the relative rights and priorities of the Credit Facility Agent and the Credit Facility Secured Parties and the Trustee and the Holders even if all or part of the Credit Facility Debt or the Liens securing same are subordinated, set aside, avoided, invalidated or disallowed in connection with any Proceeding.
The Trustee and each Holder agrees, upon request of the Credit Facility Agent at any time and from time to time, to execute such other documents or instruments as may be requested by the Credit Facility Agent further to evidence of public record or otherwise the senior priority of the Credit Facility Debt as contemplated hereby.
Until the Discharge of all Credit Facility Debt, neither the Trustee nor any Holder shall have any right of subrogation, reimbursement, restitution, contribution or indemnity whatsoever from any assets of Hancock or any other Loan Party or any provider of collateral security for the Credit Facility Debt.
Except as otherwise specifically permitted in this Article XI, until Discharge of all Credit Facility Debt, neither the Trustee nor any Holder shall assert, without the prior written consent of Credit Facility Agent, any claim, motion, objection or argument in respect of all or any part of the Collateral in connection with such Proceeding which could otherwise be asserted or raised in connection with such Proceeding by the Trustee or such Holder as a secured creditor of any Loan Party.
However, if on or after the date of the Supplemental Indenture, any of the Company’s Subsidiaries incurs or guarantees obligations under the Revolving Credit Facility or incurs or guarantees obligations under any other Credit Facility Debt or Capital Markets Debt of the Company or any future Guarantor, such Subsidiary would be required to guarantee the Notes on a senior unsecured basis.