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).
The First Priority Indenture Trustee shall as soon as practicable notify the Company and the First Priority Holders of the effective date and the amount of each such change in interest rate.
No failure by the Company, any Restricted Subsidiary, any First Priority Guarantor, or the First Priority Indenture Trustee to comply with the procedures of this Section 3.3 shall in any way impair the rights of the First Priority Holders to receive the Redemption Price in connection with any Optional Redemption or Mandatory Redemption.
The obligations of each First Priority Guarantor under its First Priority Guarantee and this First Priority Indenture are in addition to and not in substitution for any other obligations to the First Priority Indenture Trustee, the First Priority Collateral Trustee, and to any of the First Priority Holders in relation to this First Priority Indenture, the First Priority Securities, and each other First Priority Document and any guarantees or security at any time held by or for the benefit of any of them.
The Collateral Trustee shall be authorized to take such action for which the consent or approval of the Requisite Second Priority Holders is required in reliance on such certificates.
The Company may redeem the Second Priority Securities, in whole or in part, at any time, subject to compliance with Section 3.3 and indefeasible payment of the Redemption Price to the Paying Agent on the Redemption Date for the benefit of the Second Priority Holders whose Second Priority Securities are being redeemed (each such redemption being an “Optional Redemption”).
All payments (including prepayments) to be made by the Company hereunder, whether on account of principal, interest, fees or otherwise, shall be made without setoff or counterclaim and shall be made prior to 10:00 a.m., New York City time, on the Business Day immediately preceding the due date thereof to the Paying Agent, for the account of the First Priority Holders, in U.S. dollars and in immediately available funds.