Examples of Senior Debt Holders in a sentence
Any cash payment of principal or interest to the Holder shall be collected, enforced or received by the Holder as trustee for the Senior Debt Holders and paid over to the Senior Debt Holders.
Any right of the Holder to payment of principal or interest from the Company shall be subordinated to the claims and rights of the holders of the Senior Debt ("Senior Debt Holders").
Each of the Senior Debt Holders are express third party beneficiaries of this Section 5 and Section 7 of this Note.
If, while any Senior Debt is outstanding, any Event of Default under Section 6(a)(ii) of this Agreement occurs with respect to the Company, the Holder shall duly and promptly take such action as the Senior Debt Holders may reasonably request to collect any payment with respect to the Subordinated Debt for the account of the Senior Debt Holders and to file appropriate claims or proofs of claim in respect of the Subordinated Debt.
This Section 5 will constitute a continuing offer to all persons who, in reliance upon its provisions, become Senior Debt Holders or continue to hold Senior Debt, and such provisions are made for the benefit of the Senior Debt Holders, and such Senior Debt Holders are made obligees under this Section 5 and they and/or each of them may enforce its provisions.