Note Collateral Documents definition
Examples of Note Collateral Documents in a sentence
In addition, the Issuer may, without the consent of any other party thereto, amend the Note Collateral Documents and any other applicable intercreditor agreement to designate Debt as “Additional First Lien Obligations”, or as any other Debt subject to the terms and provisions of such agreement.
The intercreditor provisions of the Note Collateral Documents and any other applicable intercreditor agreement may be amended, waived or otherwise modified from time to time with the consent of the parties thereto.
The Trustee and the Issuer hereby acknowledge and agree that the Note Collateral Agent has a security interest in the Collateral for the benefit of the Holders, the Trustee and itself, in each case pursuant and subject to the terms of the Note Collateral Documents.
Each Holder agrees that any action taken by the Note Collateral Agent in accordance with the provisions of this Indenture and the Note Collateral Documents, and the exercise by the Note Collateral Agent of any rights or remedies set forth herein and therein shall be authorized and binding upon all Holders.
Upon such release, subject to the terms of the Note Collateral Documents all rights in the applicable Collateral securing the Obligations shall revert to the Issuer and the Guarantors.
The Leasing Company is the legal, record and beneficial owner of the Collateral existing on the Issue Date (the "Existing Collateral"), free and clear of any Lien or claims of any person except for the Liens listed on Schedule D attached hereto and the Liens created by this Security Agreement, the Leasing Company Escrow Account Agreement and any of the other Senior Note Collateral Documents.
Subject to the provisions of the Note Collateral Documents, the Note Collateral Agent is authorized to receive any funds for the benefit of the Holders distributed under the Note Collateral Documents, and to make further distributions of such funds to the Trustee for further distribution to the Holders according to the provisions of this Indenture.
Pursuant to Section 11.02 of the Indenture, the New Guarantors each hereby, on a senior basis, jointly and severally unconditionally guarantee the Company's obligations under the Note, the Indenture, and the Note Collateral Documents to the full extent specified in Article XI of the Indenture as if such New Guarantor was a Guarantor at the time of execution of the Indenture on November 30, 1995.
Notwithstanding any provision to the contrary contained elsewhere in this Indenture or the Note Collateral Documents, the Note Collateral Agent shall not have any duties or responsibilities except those expressly set forth in this Indenture or in the Note Collateral Documents to which it is party.
The foregoing will not limit the right of Level 3 Parent, the Issuer or any Restricted Subsidiary to amend, waive or otherwise modify the Note Collateral Documents in accordance with their terms.