Examples of Existing Senior Credit Agreement in a sentence
If (a) any amounts are held on deposit with any Existing Senior Secured Party as cash collateral for any Senior Secured Obligation in respect of Letters of Credit (as defined in the Existing Senior Credit Agreement), (b) such Letter of Credit has been cancelled or otherwise terminated and (c) any Event of Default exists, then any such funds shall be distributed to the Existing Senior Administrative Agent.
The administrative agent under the Existing Senior Credit Agreement and the lenders thereunder shall not have objected to the entry of the Interim Order (or if they have objected, shall have agreed to withdraw such objection).
Each Subordinated Creditor acknowledges and agrees that pursuant to the terms of the Existing Senior Credit Agreement and the Existing Subordinated Agreement, the Loan Parties may from time to time enter into certain financing or distribution arrangements relating to an item of Media Product (each a "Third Party Financing or Distribution Arrangement"), subject to the prior written approval of the Senior Agent.
The Borrower agrees that it will provide the Subordinated Lender ninety (90) days written notice of its intent to refinance the Senior Obligations under the Existing Senior Credit Agreement and will not close such a refinancing within such ninety day period without the consent of the Subordinate Lender.