Examples of Senior Bank Credit Agreement in a sentence
The Borrower shall ensure that to the extent that any Insurance Proceeds to be applied in accordance with sub-clause 9.3.2 of Clause 9.3 (Mandatory Prepayment from Insurance Proceeds) are not deposited in the prepayment escrow account established under the Senior Bank Credit Agreement such Insurance Proceeds are deposited in the Prepayment Escrow Account.
The transactions evidenced by this Agreement, the RSCA and the Transaction Documents constitute a “Qualified Receivables Transaction” as defined in the Senior Bank Credit Agreement.
The provisions of this Section 7 shall not be amended or modified without the written consent of the majority of the lenders under the Senior Bank Credit Agreement.
Capitalised terms, when used in the definitions contained in this Clause 17.3, shall bear the same meanings as those ascribed to them in the Senior Bank Credit Agreement.
The Parent agrees to promptly inform the Agent if it becomes aware of any event which, if it were not the subject of the agreement of the Banks contained in this letter, would constitute an Event of Default or Potential Event of Default under or in respect of Clause 19.6 (Cross Default) (save under the Senior Bank Credit Agreement or the aforementioned ISDA Master Agreements).