Examples of Pari Passu Debt Representative in a sentence
Any such amendment shall not require the consent of any Creditor save as provided for in such Clauses and shall be effective and binding on all Parties upon the execution thereof by the Debtors, each High Yield Representative, each Senior Secured Notes Trustee, each Pari Passu Debt Representative, the Senior Agent, each Second Lien Representative and the Security Agent (as applicable).
No person shall become a Senior Agent, Second Lien Agent, Senior Secured Notes Trustee, Pari Passu Debt Representative, Second Lien Notes Trustee, High Yield Agent, High Yield Notes Trustee, Unsecured Agent or Unsecured Notes Trustee unless at the same time, it accedes to this Agreement in such capacity pursuant to Clause 23.13 (Creditor Accession Undertaking).
Promptly following the Discharge of Pari Passu Debt Obligations with respect to one or more Series of Pari Passu Debt, each Pari Passu Debt Representative with respect to each applicable Series of Pari Passu Debt that is so discharged will provide written notice of such discharge to the Collateral Agent, and this Agreement shall terminate and be of no further force and effect with respect to such Series of Pari Passu Debt.
Xxxxxxx Title: Senior Vice President WXXXX FARGO BANK, NATION ASSOCIATION, as Pari Passu Debt Representative under the Credit Agreement By: Name: Title: [·], as Pari Passu Debt Representative under the Indenture By: Name: Title: Collateral Agency and Intercreditor Agreement COMPANY: SUNSTONE HOTEL PARTNERSHIP, LLC, a Delaware limited liability company By: Name: Bxxxx X.
Each Additional Pari Passu Debt Representative represents that it has not agreed to any modification of the provisions in the applicable Additional Pari Passu Credit Documents authorizing it to execute this Agreement and bind the Additional Pari Passu Claimholders.
Each Pari Passu Debt Representative hereby covenants to include the following legend in each material Pari Passu Security Document: “NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS AND SECURITY INTERESTS GRANTED TO THE COLLATERAL AGENT IN ANY COLLATERAL AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE COLLATERAL AGENT WITH RESPECT TO ANY COLLATERAL ARE SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT (AS DEFINED HEREIN).
The Company shall not, and shall not permit any of its Restricted Subsidiaries to, grant to any Person (other than the Notes Collateral Agent, for the benefit of the Trustee, the holders of the Securities, any Pari Passu Debt Representative and holders of any Pari Passu Debt), any interest whatsoever in any of the Notes Collateral other than a junior security interest for the benefit of the Lenders Debt as contemplated by the Security Documents.
No person shall become a Senior Agent, Second Lien Agent, Senior Secured Notes Trustee, Pari Passu Debt Representative, Second Lien Notes Trustee, High Yield Agent, High Yield Notes Trustee, Unsecured Agent or Unsecured 156 Notes Trustee unless at the same time, it accedes to this Agreement in such capacity pursuant to Clause 23.13 (Creditor Accession Undertaking).
If the Collateral Agent at any time receives written notice from the Directing Pari Passu Debt Representative that any Triggering Event has occurred entitling the Collateral Agent to foreclose upon, collect or otherwise enforce its Liens on the Collateral under any Pari Passu Security Document, the Collateral Agent will promptly deliver written notice thereof to each Pari Passu Debt Representative.
In no event will any Pari Passu Debt Representative be liable for any act or omission on the part of the Grantors or the Collateral Agent hereunder.