Senior Loan Agent definition
Examples of Senior Loan Agent in a sentence
Concurrent with the First Reserve Report and each January 1 Reserve Report thereafter, a one-year financial projection for the Borrower and its Subsidiaries in form acceptable to the Senior Loan Agent (or in the absence of a Senior Loan or Senior Loan Agent, the Agent), which projection shall include revenues, expenses and capital expenditures.
The delivery of such security and guaranty shall be accompanied by such back up corporate authority and opinions of counsel (addressed to the Agent as well as the Senior Loan Agent) as are provided to the Senior Loan Agent.
Any employee not specifically engaged, as a casual employee shall be deemed to be employed by the week.
If the Collateral Trustee does not receive an objection from the Senior Loan Agent or the Indenture Trustee within ten (10) days after such request is delivered stating that the release would violate the terms of a Master Debt Agreement or result in an Event of Default, then the Collateral Trustee shall release the funds or other items of Collateral as requested by the Company.
The Holder hereby waives any and all rights to have any collateral or any part thereof granted to or held by Senior Loan Agent marshaled upon any foreclosure or other disposition of such collateral by Senior Loan Agent or Borrower with the consent of Senior Loan Agent.