Exclusive Power definition
Examples of Exclusive Power in a sentence
The Junior Lenders and Trustee acknowledge that the holders of Senior Indebtedness and the Junior Lenders, respectively, are entitled to exercise certain rights and powers with respect to the Company from time to time, whether before or after occurrence of an Event of Default, and the exercise of any such right or power by one creditor may preclude the exercise of a similar power or right by one or more other creditors (any such right or power being herein called an "Exclusive Power").
To the extent that any holder or holders of Senior Indebtedness or any Senior Agent actually exercises any Exclusive Power, then the Trustee and the Holders of Securities agree to refrain from exercising any substantially similar Exclusive Power to the extent necessary to permit the holders of Senior Indebtedness to benefit from their actions.
To the extent that any holder or holders of Senior Indebtedness or any Senior Agent actually exercises any Exclusive Power then the Trustee and Juni▇▇ ▇▇▇▇▇▇▇ ▇▇▇ee to refrain from exercising any substantially similar Exclusive Power to the extent necessary to permit the holders of Senior Indebtedness to benefit from their actions.
To the extent that any holder or holders of Senior Indebtedness or any Senior Agent actually exercises any Exclusive Power, the Holder agrees to refrain from exercising any substantially similar Exclusive Power to the extent necessary to permit the holder or holders of Senior Indebtedness to benefit from their actions.
To the extent that any Holder or Holders of Senior Debt or any Senior Agent actually exercises any Exclusive Power, then the Trustee and the Holders of Securities agree to refrain from exercising any substantially similar Exclusive Power to the extent necessary to permit the Holders of Senior Debt to benefit from their actions.
The Holders of the Securities and the Trustee acknowledge that the Holders of Senior Debt and the Holders of Securities, respectively, are entitled to exercise certain rights and powers with respect to the Company from time to time, whether before or after an occurrence of an Event of Default and the exercise of any such right or power by one creditor may preclude the exercise of a similar right or power by one or more other creditors (any such right or power being herein called an "Exclusive Power").
GRANTS ADMINISTRATION 19 9.1 Purpose of Grants 19 9.2 Exclusive Power Vested in the Board 20 9.3 Refusal; Withdrawal 20 9.4 Accounting Required 20 9.5 Gifts 20 ARTICLE 10.
To the extent that any holder or holders of Senior Indebtedness or any Senior Agent actually exercises any Exclusive Power then the Trustee and Junior Lenders agree to refrain from exercising any substantially similar Exclusive Power to the extent necessary to permit the holders of Senior Indebtedness to benefit from their actions.