Examples of Junior Trustee in a sentence
Any amendment (including a waiver) of any provision of this Agreement shall not be effective in any event unless the same is in writing and signed by the Trustee, each Obligor and each Junior Creditor and Junior Trustee, and then such amendment shall be effective only in the specific instance and for the specific purpose given.
Each Junior Creditor and Junior Trustee at any time, and from time to time, after the execution and delivery of this Agreement, promptly will execute and deliver such further documents and do such further acts and things as the Trustee reasonable may request that may be necessary in order to effect fully the purposes of this Agreement.
The Trustee and the Obligors shall provide the Junior Creditors and any Junior Trustee with a Senior Default Notice promptly upon the occurrence of each Senior Default, which notice shall specify the date of first occurrence thereof and the nature of such Senior Default (including whether it constitutes a Senior Non-Payment Default or a Senior Payment Default), and the Trustee shall notify the Junior Creditors and any Junior Trustee promptly in the event such Senior Default is cured or waived.
However, at no time shall prepayments of the Junior Obligations (whether by way of maturity, acceleration or otherwise) be permitted to be made by any Obligor or received by any Junior Creditor or any Junior Trustee, without the prior written consent of the Trustee and the Required Holders.
Each individual Account holder, and, where applicable, each Joint Holder, Junior, Trustee and Registered Contact must meet the requirements (where applicable) set out in these Terms.
This Agreement shall inure to the benefit of, and be binding upon, the successors and assigns of the Trustee, the Holders, the Junior Creditors and any Junior Trustee and shall be binding upon the successors and assigns of the Obligors.
Nothing contained in this Section 2 or elsewhere in this Agreement or in the Junior Debt Documents shall prevent Obligors at any time, except during the pendency of any Proceeding referred to in subsection 2.2 or under the conditions referred to in subsection 2.3, from making or the Junior Creditors or any Junior Trustee from receiving regularly scheduled payments of accrued and unpaid interest on to the extent required pursuant to the Junior Debt Documents.
Any notice to or demand on any Junior Creditor or Junior Trustee in any event not specifically required of the Trustee hereunder shall not entitle any Junior Creditor or Junior Trustee to any other or further notice or demand in the same, similar or other circumstances unless specifically required hereunder.
As and when directed by the Applicable Representative in writing, the Collateral Agent shall deliver such amounts, together with any accrued interest thereon, to the Senior Trustee for application to the Senior Notes in accordance with the Senior Indenture or, if the Senior Indenture is not then in effect, to the Junior Trustee for application to the Junior Notes in accordance with the Junior Indenture.
Each individual Account holder, and, where applicable, each Joint Holder, Junior, Trustee and Registered Contact must meet the requirement (where applicable) set out in these Terms.