Examples of Second Lien Notes Obligations in a sentence
The “Pro-Rata Share” of a Second Lien Noteholder shall be determined based on the amount of Second Lien Notes Obligations owing to such Second Lien Noteholder as at a record date to be determined, divided by the aggregate amount of Second Lien Notes Obligations owing to all Second Lien Noteholders as at such record date.
As used in this Agreement, “Termination Date” shall mean the date upon which (i) the First Lien Obligations Termination Date shall have then (or theretofore) occurred and (ii) all Senior Second Lien Notes Obligations (other than those arising from indemnities for which no claim has been made) then owing have been paid in full (or been defeased in accordance with the terms of the Senior Second Lien Notes Indenture).
The parties hereto also agree that it is their intention that the Collateral securing the First Lien Obligations not be more expansive than the Collateral securing the Second Lien Notes Obligations.
It illustrates in an outstanding way the adaptation of traditional town planning to the distinctive geographical and climatological conditions prevailing in a difficult natural environment.
This Agreement is a continuing agreement and shall (a) remain in full force and effect until the Discharge of First Lien Obligations and the Discharge of Second Lien Notes Obligations shall have occurred, (b) be binding upon the Parties and their successors and assigns, and (c) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and permitted assigns.