Examples of Senior Debt Agent in a sentence
The Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness of the Company or a Senior Debt Agent to establish that such notice has been given by a holder of such Senior Indebtedness of the Company or such Senior Debt Agent.
By its acceptance of the benefits of this Note, the ------- Payee and the holders of the Senior Debt and the Senior Debt Agent agree that (a) all notices or communications to be given by the Payee under this Agreement to the holders of Senior Debt or the Senior Debt Agent shall be given at the Senior Notice Office and (b) all notices or communications to be given by the holders of the Senior Debt or the Senior Debt Agent under this Agreement to the Payee shall be given at the Subordinated Notice Office.
In the event that any payment hereunder shall be due and, at such time, the Issuer shall be prohibited by the terms of this Note from making such payment to the Noteholder, the Issuer shall instead, to the extent permitted by applicable law, make such payment to the Senior Debt Agent to the extent the Senior Debt Obligations have not been Paid In Full.
If the Noteholder shall receive any payment (including, without limitation, under Section 2 or Section 8 hereto) in violation of the terms hereof, it shall hold such payment in trust for the benefit of the Senior Creditors and forthwith pay it over to the Senior Debt Agent, for application in accordance with the Senior Debt Documents.
The above acceptance criteria does not apply when external standard calibration is used.