Examples of Junior Creditor Agreements in a sentence
The Junior Creditor Agreements are in full force and effect on this date and there exists no continuing condition or event which constitutes a default or event of default or which, after notice or passage of time or both would constitute a default or event of default under any of the Junior Creditor Agreements.
To the extent any such cash proceeds of any such equity offering or conversion of Junior Debt permitted hereby reduces the amount of any commitment to advance funds pursuant to the Junior Creditor Agreements, any such net cash proceeds or conversion shall not also reduce the amount of any commitment to advance funds pursuant to the Richemont $10,000,000 Credit Agreements as such term is defined in the Senior Creditor Agreements.
In the event of any conflict or inconsistencies between the terms of the foregoing Amendment and the Senior Creditor Agreements or the Junior Creditor Agreements, the terms of the Senior Creditor Agreements or the Junior Creditor Agreements, as the case may be, shall govern as between the Creditor involved and the undersigned.
Senior Creditor Agent on behalf of Senior Creditors shall have the right, but not any obligation, to cure for the account of Debtor any default by Debtor under the Junior Creditor Agreements at any time during the one hundred and eighty (180) day period provided for in Section 2.7 above.
When all Senior Debt has been indefeasibly paid and satisfied in full and the Senior Creditor Agreements have been terminated, Junior Creditor shall have the right to enforce all of the provisions of the Junior Creditor Agreements and exercise remedies thereunder against the Collateral.