Examples of Issuer Secured Creditors in a sentence
Any such loss as referred to in Clause 13.1 (Currency and Indemnity) shall be deemed to constitute a loss suffered by the Note Trustee, the Noteholders or the relevant Current Issuer Secured Creditors and no proof or evidence of any actual loss shall be required by the Current Issuer or its liquidator or liquidators.
Each Current Issuer Secured Creditor shall be bound by the provisions of this Current Issuer Deed of Charge as if it contained covenants by each Current Issuer Secured Creditor in favour of the Note Trustee and every other Current Issuer Secured Creditor to observe and be bound by all the provisions of this Current Issuer Deed of Charge expressed to apply to the Current Issuer Secured Creditors.
No failure on the part of the Note Trustee, the Current Issuer Secured Creditors or any Receiver to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right.
The respective rights of the Note Trustee, the Current Issuer Secured Creditors and any Receiver to this Current Issuer Deed of Charge are cumulative and may be exercised as often as each considers appropriate and are in addition to their respective rights under the general law.
The Current Issuer Secured Creditors shall co-operate and do all acts and enter into such further documents, deeds or agreements as the Note Trustee may deem necessary or desirable to ensure that an administration order is not made and that an administrative receiver is appointed.