Examples of Priority Holders in a sentence
The Senior Priority Representative shall act for the Senior Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction of the Requisite Senior Priority Holders from time to time.
The number of securities to be offered for the accounts of the Holders shall be reduced to zero before the number of securities to be offered for the accounts of the Priority Holders is reduced.
The Senior Priority Representative shall act for the Senior Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction of the requisite Senior Priority Holders from time to time.
In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control as between the First Priority Collateral Trustee, the First Priority Indenture Trustee, the Second Priority Collateral Trustee, the Second Priority Indenture Trustee, and any other Second Priority Holders (as such terms are defined in the Intercreditor Agrement).
Upon surrender of such First Priority Securities called for Mandatory Redemption or Optional Redemption, the Redemption Price for such First Priority Securities shall be paid to the First Priority Holders by the Paying Agent, to the extent that the Paying Agent has received the Redemption Price.
The obligations of each Guarantor under its Guarantee and this Indenture are in addition to and not in substitution for any other obligations to the Trustee, the Second Priority Collateral Trustee, and to any of the Second Priority Holders in relation to this Indenture, the Second Priority Securities, and each other Second Priority Document and any Guarantees or security at any time held by or for the benefit of any of them.
Notwithstanding any provision of law permitting or requiring any action to be taken or approved by the affirmative vote of the holders of Equity Shares entitled to cast a greater number of votes, any such action shall be effective and valid if taken or approved by the affirmative vote of holders of Equity Shares entitled to cast a majority of all the votes entitled to be cast on the matter.
The Requisite Second Priority Holders may remove the Trustee by so notifying the Company and the Trustee in writing and may appoint a successor trustee with the Company’s consent.
Notwithstanding anything to the contrary in this Agreement, the Second Priority Agents and the Second Priority Holders may exercise rights and remedies as an unsecured creditor against New Pyxus Topco, any Grantor or any Subsidiary that has guaranteed the Second Priority Claims in accordance with the terms of the applicable Second Priority Documents and applicable law, in each case to the extent not inconsistent with the provisions of this Agreement.
Any enforcement proceeding instituted by the First Priority Indenture Trustee shall be brought in its own name as trustee of an express trust in favor of the First Priority Holders.