Existing Senior Indebtedness definition
Examples of Existing Senior Indebtedness in a sentence
This Note is a d direct debt obligation of the Company, and ranks (i) pari passu with all other Notes (if any) now or hereafter issued to the Lender under the terms of the Loan Agreement, (ii) junior to all Existing Senior Indebtedness, and (iii) senior to all other evidence of Indebtedness of the Company or any of its Subsidiaries that is not Existing Senior Indebtedness.
Except as may be provided in the Existing Senior Indebtedness Documents or any intercreditor and subordination agreement required to be subsequently executed by the holder of Existing Senior Indebtedness, the Secured Parties shall be under no obligation to delay a sale of any of the Collateral to permit a Debtor to register such Collateral for public sale under the Act, or under applicable state securities laws, even if Debtors would agree to do so.