Examples of Senior Debt Obligations in a sentence
The payment of interest in cash may only occur if permitted by the Senior Debt Obligations and the Intercreditor Deed.
TRQ consents, and RTIHL shall cause Rio Tinto to consent, to the Co-Lending in accordance with Clause 4.2(a) of the CTA, including the execution and delivery to the Intercreditor Agent of TRQ’s express consent to the Co-Lending becoming Guaranteed Senior Debt Obligations and Rio Tinto’s express consent to the Co-Lending becoming Covered Obligations.
Leases with no such landlord consent do not form part of the current security granted in respect of the Senior Debt Obligations, nor the second-ranking security for the Notes.
It is the intent of the parties that the Security Interests granted in the Collateral, and the guarantees granted by the Guarantors, in each case under and pursuant to the Common Security and Account Agreement, shall continue in full force and effect with respect to the Senior Debt Obligations arising under this Agreement.
The Senior Debt Obligations are described in greater detail below.