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.
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 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.
Each Guarantee and all of the obligations of each Guarantor hereunder shall be binding upon each Guarantor and inure to the benefit of the Trustee and Second Priority Collateral Trustee and the Second Priority Holders and their respective successors and permitted assigns, except that no Guarantor may assign any of its obligations hereunder or thereunder without the prior written consent of the Trustee.
If either of the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate such money and hold it as a separate trust fund for the benefit of the Second Priority Holders or the Trustee.
If a Record Date is fixed, then notwithstanding the last sentence of the immediately preceding paragraph, those Persons who were First Priority Holders at such Record Date, and only those Persons (or their duly designated proxies), shall be entitled to revoke any consent previously given, whether or not such Persons continue to be First Priority Holders after such Record Date.
First Priority Holders may not enforce the First Priority Indenture or the First Priority Securities except as provided in the First Priority Indenture.
The consent by the First Priority Holders to the execution and delivery of the Second Priority Documents to which the First Priority Holders have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the First Priority Holders to New Pyxus Topco or any Subsidiary shall be deemed to have been given and made in reliance upon this Agreement.
The First Priority Indenture Trustee shall exercise its right to appoint the Observer only upon the written direction of the Requisite First Priority Holders.