Pari Passu Lien Documents definition
Examples of Pari Passu Lien Documents in a sentence
Following and in accordance with the outcome of the applicable vote under its Pari Passu Lien Documents, the Pari Passu Lien Representative of each Series of Pari Passu Lien Debt will vote the total amount of Pari Passu Lien Debt under that Series of Pari Passu Lien Debt as a block in respect of any vote under this Agreement.
In addition, (i) the Collateral Trustee’s Liens upon the Collateral will no longer secure any other Series of Pari Passu Lien Debt in accordance with the provisions of the Pari Passu Lien Documents governing such Series of Pari Passu Lien Debt and (ii) the security interests granted by any Subsidiary Guarantor pursuant to the Security Documents as to any Series of Pari Passu Lien Debt will be released upon such Subsidiary Guarantor ceasing to guarantee such Series of Pari Passu Lien Debt.
Unless otherwise expressly provided herein, references to agreements and other contractual instruments, including this Agreement and the other Pari Passu Lien Documents, shall be deemed to include all subsequent amendments thereto, restatements and substitutions thereof and other modifications and supplements thereto which are in effect from time to time, but only to the extent such amendments and other modifications are not prohibited by the terms of any Pari Passu Lien Documents.
If any series of any Class of Pari Passu Lien Debt consists of Hedging Obligations, the holders of those Hedging Obligations will vote on matters concerning such Class of Pari Passu Lien Debt in accordance with the applicable Pari Passu Lien Documents governing such Hedging Obligations.
In connection with any matter under this Agreement requiring a vote of holders of Pari Passu Lien Debt, each Series of Pari Passu Lien Debt will cast its votes in accordance with the Pari Passu Lien Documents governing such Series of Pari Passu Lien Debt.
In addition, the Liens granted by any Subsidiary Guarantor pursuant to the Security Documents will be released upon any Subsidiary Guarantor ceasing to guarantee the Pari Passu Lien Obligations pursuant to the Pari Passu Lien Documents then in effect.
All notices and communications will be faxed to the relevant fax number set forth above emailed or mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to the relevant address set forth above or, as to holders of Pari Passu Lien Debt, all notices and communications will be sent in the manner specified in the Pari Passu Lien Documents applicable to such holder.
Subject to the Intercreditor Agreements, the Pari Passu Lien Representatives may enforce (or refrain from enforcing) or instruct the Collateral Trustee to enforce the provisions of the Pari Passu Lien Documents and exercise (or refrain from exercising) or instruct the Collateral Trustee to exercise remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine pursuant to the Pari Passu Lien Documents.