Lender Notes definition

Lender Notes each has the meaning set forth in Section 2.5 of the Loan Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Lender Notes means, collectively, the Junior Lender Notes and the Senior Lender Notes.

Lender Notes and "Collateral" thereunder and (c) any person or entity serving in any capacity, holding any indebtedness under any document governing, evidencing or otherwise related to such Refinancing Debt or holding, directly or indirectly, any Collateral to secure such indebtedness (including the agents, issuers and lenders under the New Credit Agreement and the Parent Pledge Agreement) shall be entitled to the benefits, priorities and protection provided, or purported to be provided, by the Intercreditor Agreement to the same extent as if such persons and entities were the original "Administrative Agent," "Issuing Banks" and "Lenders" thereunder.

Examples of Lender Notes in a sentence

• The Administrative Agent shall have no duty or obligation to determine whether or not such Lender Notes shall be deemed outstanding or otherwise make any determination described in the foregoing sentence.

• Holders of a majority in aggregate principal amount of the then outstanding Lender Notes, through the Lender Notes Trustee, may direct the Lender (who shall in turn direct the Administrative Agent) with respect to the time, method and place of conducting any proceeding for exercising any remedy available to the Administrative Agent.

• The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Lender or in accordance with a Lender Notes Trustee Direction and such request, consent, or Lender Notes Trustee Direction and any action taken or failure to act pursuant thereto shall be binding upon the Lender.

• Subject to the provisions of Section 3.09 hereof, at least 10 days but not more than 60 days before a repayment date, the Borrower will mail or cause to be mailed, by first class mail, a notice of repayment to the Lender, the Administrative Agent and the Lender Notes Trustee.

• Notwithstanding the foregoing, the Administrative Agent shall not be required to follow any direction provided by a Person that is not a Lender other than pursuant to a Lender Notes Trustee Direction.

More Definitions of Lender Notes

Lender Notes means the promissory notes executed by the Borrower in favor of the Lenders pursuant to the Lender Credit Agreement.

Lender Notes means Notes that are owned by a party other than the Redeveloper according to the records of the Registrar.

Lender Notes means the $1,000,000,000 in aggregate principal amount of the Lender’s 11.125% Senior Secured Notes due 2029 issued under the Lender Indenture on December 5, 2025.

Lender Notes as defined in the fifth Recital.

Lender Notes. The meaning specified in Section 2.01(b).

Lender Notes means "Notes" as such term is defined in the Credit Agreement.

Lender Notes those certain promissory notes executed by Borrower and delivered to Lender evidencing the Lender Loan and bearing interest at the rate of 12.5% per annum. LIEN - any interest in Property securing an obligation owed to, or a claim by, a Person other than the owner of the Property, whether such interest is based on law, statute, or contract, and including, without limitation, the security interest or lien arising from a mortgage, encumbrance, pledge, conditional sale, or trust receipt or a lease, consignment or bailment for security purposes (it being understood that an operating lease does not constitute a Lien). MATERIAL EFFECT - any material and adverse effect on or change in the business Properties, operations or financial position of Borrower, taken as a whole, or the ability of Borrower to perform its obligations under this Agreement, the Notes, the Warrant or any of the other Subject Documents.