Senior Creditor Obligations. Obligations of the Debtor to the Senior Creditor secured by the Senior Creditor Collateral.
Senior Creditor Obligations as used in the Loan Documents include, without limitation, the Obligations of Borrower under the Credit Agreement as amended by this Amendment (and including, without limitation, the obligations of the Borrower hereunder), (c) except as expressly amended hereby, the Loan Documents remain in full force and effect as written and constitute valid, enforceable obligations of such Persons, as applicable, and (d) each of such Persons expressly waives, releases and absolutely and forever discharges the Administrative Agent, the Documentation Agent and the Lenders and their respective shareholders, directors, officers, employees and agents, and their heirs, personal representatives, successors and assigns, from any and all liability, claims, demands, damages, actions and causes of action that any of such Persons may now have, or have had prior to the date hereof arising out of or relating to the Loan Documents, the transactions contemplated thereby and any action or inaction of any of the above-named Persons with respect thereto.
Senior Creditor Obligations means and include all liabilities and obligations of Eltrax and the other Borrowers to Agent and Senior Creditors, whether now or hereafter created, incurred or arising, and whether direct or indirect, absolute or contingent, primary or secondary, due or to become due, or joint or several, including (i) all Advances at any time made and all other Obligations now or hereafter existing under or with respect to any of the Senior Creditor Loan Documents, (ii) any and all loans made or other credit extended by any Senior Creditor to Eltrax and the other Borrowers during the pendency of any Bankruptcy Case, (iii) all interest at any time accrued with respect to any of the foregoing (including any interest that accrues during the pendency of any Bankruptcy Case, whether or not any Senior Creditor is authorized under the Bankruptcy Code to collect such interest from Eltrax or any other Borrower), and (iv) all Enforcement Expenses which Eltrax or any other Borrower is now or hereafter becomes liable to pay to Agent or any Senior Creditor under any agreement or by Applicable Law.
Examples of Senior Creditor Obligations in a sentence
Until the Senior Creditor Obligations have been Paid-in-Full (as such terms are defined in the Subordination Agreement, this Note may not be prepaid.
This Agreement shall continue in full force and effect and shall be irrevocable by any party hereto until the earliest to occur of the following: (i) the parties hereto in writing mutually agree to terminate this Agreement; (ii) the Junior Creditor Obligations are fully paid and discharged and the Junior Creditor Documents are terminated; or (iii) the Senior Creditor Obligations are fully paid and discharged and the Senior Creditor Documents are terminated.
Notwithstanding the foregoing, the Lien, if any, granted to Junior Creditor shall, subject to all of the provisions of this Agreement, continue in the proceeds of any such Collateral if such proceeds are not applied to the Senior Creditor Obligations in accordance with the terms of the Senior Creditor Documents.
Agent shall be authorized to apply any and all payments, collections and proceeds of Collateral received by it to such portion of the Senior Creditor Obligations as Agent may lawfully elect consistent with the provisions of the Senior Creditor Documents.
The Trade Creditor hereby consents to each Loan Party’s grant of Liens on all of the Collateral to the Agent, for its benefit, the Lenders and their affiliates, as security for the Senior Creditor Obligations and agrees that the existence of any such Liens shall not constitute an Event of Default under any of the Trade Creditor Documents.
More Definitions of Senior Creditor Obligations
Senior Creditor Obligations means: (i) the Obligations, and (ii) all obligations of the Borrower to the Noteholders under the Note Purchase Agreement."
Senior Creditor Obligations see Recital B.
Senior Creditor Obligations means and include all liabilities and obligations of Eltrax to the Senior Creditors, whether now or hereafter created, incurred or arising, and whether direct or indirect, absolute or contingent, primary or secondary, due or to become due, or joint or several, including (i) all proceeds paid by the Senior Creditors under or with respect to any of the Senior Creditor Documents, (ii) any and all loans made or other credit extended by any Senior Creditor to Eltrax during the pendency of any Bankruptcy Case, (iii) all interest at any time accrued with respect to any of the foregoing (including any interest that accrues during the pendency of any Bankruptcy Case, whether or not any Senior Creditor is authorized under the Bankruptcy Code to collect such interest from Eltrax), and (iv) all expenses incurred by any Senior Creditor in enforcing this Agreement which Eltrax is now or hereafter becomes liable to pay to any Senior Creditor under any agreement or by applicable law.
Senior Creditor Obligations. All Obligations of the Debtors, jointly and severally, to Senior Creditor.
Senior Creditor Obligations means and include all liabilities and obligations of Verso and the other Borrowers to Agent and Senior Creditors, whether now or hereafter created, incurred or arising, and whether direct or indirect, absolute or contingent, primary or secondary, due or to become due, or joint or several, including (i) all Advances at any time made and all other Obligations now or hereafter existing under or with respect to any of the Senior Creditor Loan Documents, (ii) any and all loans made or other credit extended by any Senior Creditor to Verso and the other Borrowers during the pendency of any Bankruptcy Case, (iii) all interest at any time accrued with respect to any of the foregoing (including any interest that accrues during the pendency of any Bankruptcy Case, whether or not any Senior Creditor is authorized under the Bankruptcy
Senior Creditor Obligations means any and all presently existing or hereafter arising indebtedness, claims, debts, liabilities, and obligations of Debtor owing to Senior Creditor under the Senior Creditor Agreements (including but not limited to debtor-in-possession loans or advances, any obligation to make adequate protection payments relative to proceedings involving the use of cash collateral or motions for relief from the automatic stay in a Bankruptcy Case, or otherwise, whether direct or indirect, contingent or of any other nature, character, or description, including all interest accruing after commencement of any case, proceeding, or other action relating to the bankruptcy, insolvency, or reorganization of Debtor, including both amounts and interest that are allowable claims in such proceeding and all amounts and interest that, but for the provision of the Bankruptcy Code, would have accrued and become due).
Senior Creditor Obligations means and include (i) all debts, liabilities and obligations now or hereafter owing by Debtor to Senior Creditor under the Senior Loan Agreement or any of the other Senior Creditor Documents, (ii) all debts, liabilities and obligations now or hereafter owing by Debtor to Senior Creditor in connection with any Bank Products, (iii) all loans made or credit extended by Senior Creditor to Debtor during the pendency of any Insolvency Proceeding of such Obligor, (iv) without duplication of any of the foregoing, all interest, fees, charges, expenses and attorneys' fees for which any Obligor is now or hereafter becomes liable to pay to Senior Creditor under the Senior Loan Agreement or any of the other Senior Creditor Documents, by law or during the pendency of any Insolvency Proceeding of such Obligor (including all interest, legal fees and other charges that accrue or are incurred in connection with any of the Senior Creditor Obligations during the pendency of any Insolvency Proceeding of any Obligor, whether or not Senior Creditor is authorized by 11 U.S.C. § 506 or otherwise to claim or collect any such interest, legal fees or other charges from such Obligor), (v) any renewals, extensions or refinancings of any of the foregoing, and (vi) all Enforcement Expenses which Debtor is now or hereafter becomes liable to pay to Senior Creditor under any agreement or by applicable law.