Pari Passu Notes Indenture definition
Examples of Pari Passu Notes Indenture in a sentence
In acting pursuant to this Agreement and the relevant Pari Passu Notes Indenture, a Pari Passu Notes Trustee is not required to have any regard to the interests of the Creditors (other than the Pari Passu Noteholders for which it is the Creditor Representative).
A Pari Passu Notes Trustee shall not have any obligation to take any action under this Agreement unless it is indemnified or secured to its satisfaction (whether by way of payment in advance or otherwise) by the Debtors or the Pari Passu Noteholders for which it is the Creditor Representative, as applicable, in accordance with the terms of the relevant Pari Passu Notes Indenture.
A Pari Passu Notes Trustee may resign or be removed in accordance with the terms of the relevant Pari Passu Notes Indenture, provided that a replacement of such Pari Passu Notes Trustee agrees with the Parties to become the replacement trustee under this Agreement by the execution of a Creditor/Creditor Representative Accession Undertaking.